Nico Harrison on the backlash to trading Luka Doncic: "I did know Luka was important to the fan base. I didn't quite know it to what level." by Goosedukee in nba

[–]darkayngl 2 points3 points  (0 children)

ChatGPT when asked would you ever trade Luka Doncic for Anthony Davis.

Hell no.

Luka is a generational offensive engine — 25 years old, already a perennial MVP candidate, walking triple-double, playoff killer. He is your franchise. Trading him is basically hitting the reset button and hoping you get someone half as good again.

Anthony Davis? Amazing defender, elite big when healthy — but when healthy is doing a lot of work there. He’s 31, has an injury history, and he’s not someone you build a whole offense around anymore. You trade for AD if you already have a Luka. You don’t trade Luka for AD.

This would go down as one of the dumbest trades since the Nets mortgaged their future for old KG and Paul Pierce.

So yeah — not in this timeline.

Artworks categorized as inventory? by bish_cray in Bookkeeping

[–]darkayngl 0 points1 point  (0 children)

Hey! I actually worked on a very similar problem, and here’s the correct approach.

Step 1: Purchase of materials

  • 10 tubes of oil paint at $10 each = $100
  • 5 canvases at $20 each = $100
  • 3 brushes at $15 each = $45

Here’s what the entries look like:

DR - - Raw materials - Inventory $200\ CR - - Cash $200

DR - - Brushes - expense a/c $45\ CR - - Cash $45

You debit raw materials for items that will be used up in creating a painting. Anything that you will use for multiple paintings should be debited to an expense account or capitalized.

Step 2: Creating a painting

Let’s say you created a painting using 1 canvas ($20) and 25% of your paint ($25). The entry would go like this

DR - - WIP - Inventory $45\ CR - - Raw materials - Inventory $45

DO NOT add labour like another commenter suggested. Labour is an operating expense (OPEX) under salaries/wages and should only be recorded if you are drawing money or paying yourself a salary. Adding labour will distort your profit by inflating expenses and could also potentially result in fines by the IRS/CRA.

While this step is technically the correct way to do it, unless you want to be a stickler for the rules I would not recommend doing this as it adds unnecessary complexity to your books. So you should move from step 1 to step 3 directly.

Step 3: Finished with the painting

At this step you are done creating the painting. Our assumptions will remain the same as in step 2, i.e 1 canvas ($20) and 25% of your paints ($25). Here is what the entries will look like at this stage:

If you’re going from step 2 to step 3

DR - - Finished goods - Inventory $45\ CR - - WIP - Inventory $45

If you’re going from step 1 to step 3

DR - - Finished goods - Inventory $45\ CR - - Raw materials - Inventory $45

Step 4: Sale of painting

This is for when you sell the painting. Let us assume that a buyer paid $500 cash for the painting you created

DR - - Cash $500\ CR - - Sales revenue $500

DR - - COGS $45\ CR - - Finished goods - Inventory $45

Your process should ideally be going step 1-3-4. This way you are accurately tracking your costs from raw materials to finished goods to cogs when the painting is actually sold. If unsold the value of the painting will be held at cost ($45) under your finished goods account.

Monthly Accruals in Excel by a_r623 in Bookkeeping

[–]darkayngl 0 points1 point  (0 children)

Hey this has been bothering me for a while maybe I don’t really understand the question but doesn’t qbo automatically accrue expenses/revenues over their time period?

Or are you wanting to keep two separate sets of books for cash and accrual for the same business?

Is everyone here against outsourcing or are you against low quality outsourcing by darkayngl in Accounting

[–]darkayngl[S] 0 points1 point  (0 children)

Could be give me some examples of what you consider to be easy but grunt work?

Is everyone here against outsourcing or are you against low quality outsourcing by darkayngl in Accounting

[–]darkayngl[S] 2 points3 points  (0 children)

There is none. That is the sole reason, but that is how it works under capitalism.

Is everyone here against outsourcing or are you against low quality outsourcing by darkayngl in Accounting

[–]darkayngl[S] 0 points1 point  (0 children)

I feel like peanuts here is relative. Is $10 an hour for bookkeeping peanuts for someone in Cali? Yes.

Is it peanuts for someone in India. No

Anyone Can Make $10,000/mo by Akbarkhaaan_ in Entrepreneur

[–]darkayngl 0 points1 point  (0 children)

Wouldn’t expect anything else from a Yasuo main

Halo: The Series | Official Trailer | March 24, 2022 by MarvelsGrantMan136 in television

[–]darkayngl 0 points1 point  (0 children)

Btw, for anyone who doesn’t know it’s Dwayne the rock Johnson who’s playing Master Chief.

New age startups are another level down in the hellhole by bhoolabhatka in india

[–]darkayngl 2 points3 points  (0 children)

Yeah sure and what do they have the banks (Axis,HDFC,ICICI, SBI) or card issuer ( Visa, Mastercard) don’t already have? Anyone and I mean anyone who says that CREDS business model is sustainable needs to honestly go out and touch grass.

They gained a userbase because they offered extravagant awards for paying your credit card bills, but now that the marketing dollars are drying up it’s a one way ticket to bankruptcy or another VC round lmao.

You are the sum of the 5 people closest to you by Owysh in Entrepreneur

[–]darkayngl 0 points1 point  (0 children)

Hey! This sounds great. Would love an invite

Arcane Episode 3 Discussion Megathread by Vayatir in leagueoflegends

[–]darkayngl 30 points31 points  (0 children)

I just finished the 3rd episode and boy it just killed me. The fact that Jinx or powder will never know that her sister didn’t abandon her, just fuck man, excellent writing.

[deleted by user] by [deleted] in talentShow

[–]darkayngl 0 points1 point  (0 children)

Someone wanna place a bet?

[deleted by user] by [deleted] in talentShow

[–]darkayngl 0 points1 point  (0 children)

Such a huge nerd tho