General Ledger (T Accounts) | Explained with Examples | Accounting Basics

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  • Опубликовано: 5 сен 2024

Комментарии • 163

  • @kolisanglitsoane2143
    @kolisanglitsoane2143 4 года назад +317

    You are doing the Lord's work.

  • @omphileashley5260
    @omphileashley5260 4 года назад +155

    I am taking 1st year Accounting module with no prior Accounting knowledge; Just discovered this channel today and I find it very helpful. Thank you.

    • @ogxmz
      @ogxmz 9 месяцев назад +3

      did you continue with accounting throughout all these years???if you have please give feedback and tips🙏

    • @MitchyBonolo
      @MitchyBonolo 5 месяцев назад +2

      @ogxmz I was about to ask, I need motivation 😂

    • @KiaraMoodley15
      @KiaraMoodley15 5 месяцев назад +3

      2024 is my first year too😢

    • @genXtorque
      @genXtorque 3 месяца назад

      @@KiaraMoodley15 me too it's tough tbh

  • @tay-vonnwilliams8330
    @tay-vonnwilliams8330 3 года назад +296

    Had to binge watch these videos before my exam🍿

  • @altheliabeon9712
    @altheliabeon9712 9 месяцев назад +8

    I am an accounting student and this is my first year in the accounting study. At the beginning, I had difficulty in understanding my lesson in accounting, but the moment I came across this video, I got an understanding that even helped me made a successful passed in my first accounting test. I am very grateful that I saw this video, it’s very helpful.

  • @nthabiseng.mabee8mabee918
    @nthabiseng.mabee8mabee918 15 дней назад

    You are a shining star. Your explanation is superb like that of a Grade 1 teacher. You unlock a brain within a second. You leave no stone unturned. You lead your lesson by questions to make it easy to understand. You make one to fall in love with Accounting. You use a laymen's language. At the end of your lesson no question to ask because everything was/is on point. Keep up the good work! South Africa needs people of your calibre.

  • @nondumisoyolwa
    @nondumisoyolwa 3 года назад +8

    You are sent by God. Thank you so much

  • @esthermafatshe507
    @esthermafatshe507 4 года назад +22

    tjerr my guy can teach.💘😳

  • @maureenmwangi7392
    @maureenmwangi7392 3 года назад +22

    Thank you so much, you're explaining is absolutely flawless, I NEVER thought i would've been able to understand.

  • @PropitiousHunter
    @PropitiousHunter 2 года назад +3

    Thank you
    My teacher didn't really teach my class how to do it
    Thank you for helping me out
    Am writing an ems paper on 1 june

  • @munyaradzimushunje6267
    @munyaradzimushunje6267 9 дней назад +1

    Nice Lecture, it helps us teach our children

  • @tonytiger201
    @tonytiger201 Год назад +7

    I've never met a man who is superlatively knowledgeable and humble to help me with such information
    May god be with you sir❤️

  • @buhleshezi5222
    @buhleshezi5222 4 месяца назад +2

    Thank you for these videos. U have no idea how helpful they are. Your explanations are top tier

    • @Counttuts
      @Counttuts  4 месяца назад +1

      Glad they are helpful. Thanks for the support :)

  • @saareggesii538
    @saareggesii538 3 года назад +4

    Thanks alot. It really helped me on T account.
    *Now I have a question for you to answer. The question is "How do I record those transactions in the trial balance?"

  • @ziyandaskade401
    @ziyandaskade401 3 года назад +6

    wish I knew about your channel, would have passed this module long ago, thank you.

  • @nthatisuzanmolapo5642
    @nthatisuzanmolapo5642 Год назад +4

    Currently taking accounting for attorneys with no background in accounting, your teaching style is amazing😃

  • @tadie1109
    @tadie1109 3 года назад +5

    You are amazing. You have honestly saved my life. I have subscribed liked and shared. God Bless

  • @matolengwemakongwana3132
    @matolengwemakongwana3132 3 года назад +16

    Informative. I feel confident after this class. I wish I could see an example where it starts with balance b/d

  • @herodmoonga4799
    @herodmoonga4799 4 года назад +14

    Greatly expanded and elaborated, you have made me understand and love accounts Gof bless you, you are super intelligent

  • @aliciadelange8041
    @aliciadelange8041 2 года назад +15

    Wow thanks for making accounting so much easier!! Love this channel

  • @yvettezapata3947
    @yvettezapata3947 Год назад +4

    Just came across this channel today. I am taking Basic Accounting but I know nothing of Accounting. I really love that you use examples and it is really easy to understand.

  • @MohauThulare
    @MohauThulare 7 месяцев назад +2

    thank you for sharing the video with us❤️❤️highly appreciate 🙏🏾

  • @axole_ngemntu
    @axole_ngemntu 2 года назад +1

    You are the best,thank you so much, May God bless you 🥺❤

  • @thandoxginindza
    @thandoxginindza 9 месяцев назад +5

    Jesus loves you ❤️

  • @amandangcobo7116
    @amandangcobo7116 2 года назад +5

    Good teacher😌this video is a lifesaver💓

  • @nhlanzekombeje6835
    @nhlanzekombeje6835 2 года назад +2

    Your video's are really helpful. THANK YOU

  • @MsAfrica757
    @MsAfrica757 3 года назад +3

    Thank you so much for sharing your wisdom

  • @malusinzama8191
    @malusinzama8191 4 года назад +5

    Woow Thank you so much for this , God Bless

  • @moishe3591
    @moishe3591 3 года назад +3

    Amazing. Thank you so much .
    Balalace= Balance

  • @elizabethkafita5639
    @elizabethkafita5639 3 года назад +3

    Finally I found my Lecture..

  • @smangelemkhize4438
    @smangelemkhize4438 Месяц назад

    This was very helpful.Thank you🙏

  • @akeemakilimali
    @akeemakilimali 2 года назад +3

    honest appreciation for your work, ❤️❤️

  • @asiphenxaxheba7837
    @asiphenxaxheba7837 Год назад

    Thanks a lot for the video, tomorrow i'm writing Accounting the info here was very useful for me

  • @andiswanzimande3743
    @andiswanzimande3743 3 года назад +2

    You are god sent

  • @rejoycemnguni6841
    @rejoycemnguni6841 3 года назад +2

    Saved my life

  • @livingthroughmusic2727
    @livingthroughmusic2727 3 года назад +1

    Thank you so much ❤❤👏👏👏👏You made everything look simple

  • @thubaelihlenkosi6270
    @thubaelihlenkosi6270 4 года назад +5

    thank you so much for this.

  • @bkfuture7654
    @bkfuture7654 Год назад +2

    in youtube we trust

  • @chelvie-losala
    @chelvie-losala Год назад +1

    Tomorrow I'm writing a 200 mark paper I hope this video will help me

  • @abdelsamadessalai4183
    @abdelsamadessalai4183 4 года назад +3

    really you simplify it and you make it's very easy to understand .. I like they way you go through it for explain.. 👍 thanks a lot

  • @mampheellogracerakosa4372
    @mampheellogracerakosa4372 4 года назад +7

    Thank I wish u were my lecturer 😭

  • @ayandarongo4786
    @ayandarongo4786 3 года назад +7

    Let's grow this channel please🙏🏼🔥
    From the first minute of the video I started Learning💡

  • @pashpole1065
    @pashpole1065 4 года назад +5

    Thank you, your lessons are well explained and easy to understand.

  • @mbalizwane7742
    @mbalizwane7742 2 года назад +1

    sir you are my hero

  • @elforenovanwyk
    @elforenovanwyk Год назад +1

    Really helpfull with explaining

  • @Joyce.Lardi.Kalala
    @Joyce.Lardi.Kalala 2 года назад +1

    Thank you sir!!!🤍💯

  • @carlitohamaseb9727
    @carlitohamaseb9727 2 года назад +1

    Thanks really appreciate it

  • @amoyvernon3839
    @amoyvernon3839 3 года назад +2

    i really liked the video i would want to on to doing the trial balance

  • @samkelisiwemkhize1153
    @samkelisiwemkhize1153 6 месяцев назад

    thanks a lot... tomorrow I'm writing the exam

  • @ecarmmafukwana5233
    @ecarmmafukwana5233 4 месяца назад

    yhooo this is so helpful ,i found my lecture

  • @jankipatel6106
    @jankipatel6106 5 месяцев назад

    Thank you very much , it was very helpful. I just want to know that when we are given balances of the previous month to put into the general ledger how do we know which balances go on the debit and which go on the credit side

  • @michaxllittyfr
    @michaxllittyfr 2 года назад +1

    U r the best

  • @coldieicfreezie180
    @coldieicfreezie180 5 месяцев назад

    You are the best.... Really helpful... It's my very first year doing accounting... Because of you lights are on💡🪔🕯️

  • @nomvuselelolelo6924
    @nomvuselelolelo6924 3 года назад +1

    You are so amazing thank you

  • @ngoakoanamakhura4919
    @ngoakoanamakhura4919 2 года назад +1

    Thank you so much💛

  • @maphutiletsoalo8561
    @maphutiletsoalo8561 Год назад +2

    This video really helped me....thank you so much 🥰💖 we really appreciate your help 💓💓 thank you so much 💓

  • @bonniem1865
    @bonniem1865 3 месяца назад

    thank you for a great video!

  • @khomotsomashite2085
    @khomotsomashite2085 2 года назад

    you're such a life saver bruhh yoooo!!!!

  • @HB-dx2sl
    @HB-dx2sl 6 месяцев назад

    Bro you are god sent ❤

  • @ethanbracken6727
    @ethanbracken6727 5 месяцев назад

    I wish I could like this video 100x

  • @juliuskibelekenya4283
    @juliuskibelekenya4283 2 года назад +2

    Do we record accounts payable and receivable in the ledger if yes how do we record

  • @sbusisondlangisa6590
    @sbusisondlangisa6590 5 месяцев назад

    Loud and clear ❤😮

  • @teresajoaquinajoaquina5989
    @teresajoaquinajoaquina5989 2 года назад

    Excellent explanation 🙌🏽🙌🏽🙏🙏 thank you so much

  • @yoliswamaphiri
    @yoliswamaphiri 3 года назад +1

    Truly enjoyed this

  • @slixenvy650
    @slixenvy650 2 года назад +1

    🇿🇦lets go you from sa can hear your accent

  • @deborahnwodo8175
    @deborahnwodo8175 3 года назад +2

    I love your teaching

  • @PamsWorld422
    @PamsWorld422 4 месяца назад

    This helps me sooooo much

  • @sibonisopatricnkosi2579
    @sibonisopatricnkosi2579 10 месяцев назад

    May God bless you 🙏 ❤️

  • @yayamabelle4335
    @yayamabelle4335 2 года назад +2

    me binge watching these 30min before my exam😀

  • @traveltipswithikejaidays547
    @traveltipswithikejaidays547 Год назад +1

    Very helpful

  • @SiyabulelaNkomo-kp8fv
    @SiyabulelaNkomo-kp8fv 4 месяца назад

    Thank you sir😃

  • @hamzachaudhary3191
    @hamzachaudhary3191 3 года назад +1

    Very well explained 🙏🏽👌🏽

  • @lisamayimbo1447
    @lisamayimbo1447 3 года назад +2

    Great explanation! I never understood why the specifics changed in the ledger before watching the video.

  • @CapeTownLit12
    @CapeTownLit12 2 года назад +2

    Wow you're amazing. Thank you so much for such clarity

  • @user-et2xy2by3y
    @user-et2xy2by3y 6 месяцев назад

    U even explain better then my sir

  • @callmeenzo8868
    @callmeenzo8868 3 года назад +1

    Yoh u saved my exam mark, thanks 😂🙏

  • @mjbmsomi8433
    @mjbmsomi8433 2 года назад

    Thankyou ❤️🙏 this was very helpful

  • @azaniamamabolo1661
    @azaniamamabolo1661 3 года назад +1

    Thank u my man

  • @user-ss4tk1qy4s
    @user-ss4tk1qy4s 5 месяцев назад +1

    Thank you

    • @user-ss4tk1qy4s
      @user-ss4tk1qy4s 5 месяцев назад

      Brother please help me with this assignment am gonna take a picture and send it to you

  • @husseinmohamedalimohamedal1740
    @husseinmohamedalimohamedal1740 3 года назад

    Sir in cr side c/f or c/d thanks i only find your channel today your doing great job

  • @benijordan781
    @benijordan781 3 года назад +3

    Great work, very good explained. Better than those lecturers out there

  • @Aquatic601
    @Aquatic601 Год назад

    God bless you ❤

  • @bontlechauke6739
    @bontlechauke6739 Год назад

    I am doing it to pass accounting
    It's hard but for a good future
    I was willing to find some help

  • @ayushi4270
    @ayushi4270 3 года назад +1

    Thank you so muchhh

  • @collinschituyi6823
    @collinschituyi6823 3 года назад +1

    kindly prepare ledger and how to post to trial ballance

  • @michellelaurio4813
    @michellelaurio4813 3 года назад +1

    How to post this on general ledger january 2 sold merchandise on credit to BB 240,000

  • @nkululekkcibane4366
    @nkululekkcibane4366 Год назад

    you r the best🙏🙌

  • @amanciaking9070
    @amanciaking9070 6 месяцев назад

    Really amazing

  • @aobakwemmalesego2962
    @aobakwemmalesego2962 25 дней назад

    So when you balance off the bank account you dont right the balance carried forward?

  • @nqobilegmail
    @nqobilegmail Год назад

    Thank you so much

  • @anditalksofficial
    @anditalksofficial 3 года назад +2

    Thanks so much man,helps a lot ❤️

  • @LindaTamati-kn2cr
    @LindaTamati-kn2cr Год назад

    You said that if the account is bank account we won't put bank in the leger .so If the account in the general Leger was about office furniture and office equipment what will I put in the ledger?

  • @user-iq8qr4ug8b
    @user-iq8qr4ug8b 7 месяцев назад

    i love you man

  • @estersimeon9874
    @estersimeon9874 2 года назад

    Thank you Sir

  • @IsakAmunkete
    @IsakAmunkete 4 года назад +4

    Example 2: Why are we using the Bank Account. Why not the Cash Account, since the inventory was paid with cash.? I have a similar example, and the exercise has a T account for both Bank and Cash, so now i don't know where to post it.

    • @Counttuts
      @Counttuts  4 года назад +3

      Bank and cash are in most cases used interchangeably. When we say that you buy something on cash, it doesn't necessarily mean physical cash but means that you paid for it upfront.

    • @IsakAmunkete
      @IsakAmunkete 4 года назад

      @@Counttuts oh. Okay. Thank you.

    • @abrahamsaxah2379
      @abrahamsaxah2379 2 года назад

      @@Counttuts does that mean i can use either the bank or cash account?

  • @azilefirst9866
    @azilefirst9866 3 года назад +1

    I can't comment on GJ lesson, I wanted to ask if how do you know if it's belonging to General Journal, because I done my journals and ledgers and now I'm stuck with GJ please HELP.🙏🙏

  • @bronwynkraay8863
    @bronwynkraay8863 3 года назад +1

    thanks for the help, you explained this perfectly!!! :)

  • @thatonchakha1218
    @thatonchakha1218 Год назад +3

    For the general ledger, do we balance only the bank account? What about for example the inventories, station etc?

  • @Ashulammite
    @Ashulammite 3 года назад +1

    Please the second example is confusing.are the accounts not supposed be Purchase,Inventory and Cash account

  • @lomdzala747
    @lomdzala747 2 года назад

    Hi, as a farmer, how do i record my produce from the production field to the finished goods account

  • @siyabonganxumalo5058
    @siyabonganxumalo5058 3 года назад +1

    Appreciate this so much