This is the best accounting video that I've found after searching for several hours. The others don't explain, but this video explains with small examples.
Excellent explanation in a easy , specific way. The sound was is very clear and playback speed is perfect. Thanks a lot. I am a post graduate in Statistics, working as a HR consultant. This video will add value to my skills in the professional field. I will try to go for all the video's from this site. Thanks
I have my first accounting final tomorrow and I have been confused about debits/credits the whole year, this video has really helped! ty I hope I do well:)
It helped very much. You explained it patiently and the visual with the drawings and writing down the terms worked for me. That is how I take notes when I go to a new job to learn the first few days so I loved it. Thank you so much for explaining these terms in such a basic sense. I have never taken an accounting class and am finding I need this knowledge in my current role. I really appreciate the way in which you are able to explain these terms to someone who knows nothing of these subjects. You've really helped me gain an understanding of these terms
I just began trading forex but i have not been able to make profit for myself i have been losing a lot, Is there a way i can reach Mr Rogan Colbert because i need his help to help me earn
Awesome Madam, I have gone through many videos on this concept but I can say this is the best video anyone should listen to, you have got a wonderful teaching skills, thank you very much!!
Golden rules for Debit and Credit: DEBITS: 1.What comes in??? 2.Who is the receiver?? 3.All expenses and losses Shall be DEBIT. CREDITS: 1.What goes out?? 2.Who is Giver??? 3.All incomes and gains shall be CREDIT. EXAMPLE: David purchase laptop for 800$ What comes in is LAPTOP-so LAPTOP shall be DEBIT What goes out is CASH- so CASH shall be credit.
Very Good ENGLISH AND WELL EXPLAINED, where we never do mistakes. I also appreciate all Finance Train people for their very useful initiative. I request on behalf of Indian Students, also upload for CA, CS, CMA students their syllabus and subject-wise video lecture for poor students. There are many people uploaded video lectures on many subjects, the problem is none of the TUTOR knows ENGLISH. Like me students are not able to understand the local and Regional language video lecture. We expect that you will upload your video lectures only ENGLISH Subjectwise, for CA, CMA and CS students.
I got a failed score here in our accounting quiz coz I still don't get the rule when to debit or credit. But hey! Thanks for this video I'm now getting and understanding it well. Great job! I hope I can ace our next exam 🤣✌️
Thank you for this series. It is helping me understand accounting for my business as a Notary Public, and also in the design and implementation of my own accounting/CRM application I am developing for my business.
ooh my God this is a sound explanation for me to know more The name of the book i hear first is called quick book. quick nook is not for computerizing Accounting am just asking because i used it to work on different accounting this is a great explanation.
@5:21 "Within assets, the two accounts affected are cash and laptop accounts." Was it supposed to be cash and equipments? Anyway, such an awesome tutorial! This definitely gave a better explanation compared to my teacher... lol EDIT: nvm my question I realized it's indeed laptop accounts based from the rest of the video.
+Ken Adams Hey man first you funny, your comments as I where next to you and you say that in front of lecture suddenly laughter comes....but man do not think of dropping keep trying you will become an expertise in transaction!
Well this is well short video with much knowledge....but what about three accounts for ledger ; real account , personal account and nominal accounts?? Please post some videos related to translation of journals to ledgers.....thank you teacher.
can you please explain to me how purchase of a laptop is not an expense? wouldn't it be classified as "other expense" after the gross profit sales - cost of goods sold ?
Habar Yahuud - Purchasing Laptop is the Capital Expenditure . It is not a Revenue expenditure. All capital expenditure are entried in Balance sheet only. And all revenue expenditures are entried in P&L only.
You are purchasing Laptop means either u will use it for office use or personal use. If for office use it mean capitalised and this is capital nature expense so will show in BS. If U are purchasing laptop for personal use. then this will be ur drawing. which will reduce ur capital. And 1 most important thing that if u r purchasing laptop then it never can be a revenue nature expense.
I understood your video and thank you but can you or someone answers my questions about debit and credit. Can you answer my 2 questions simply because I am a beginner? First, what is the correct meaning of debit and credit for this T account context? Secondly what is the theory behind this when you’re deciding what goes where when an account increases or decrees. For example increase in asset, account will debit and for the rest account.
Accounting work is based on practical experience not just on study if you want to learn more about accounts work you will have to work in any financial instituition/Audit firm/Any accounts department for better tomorrow.
![Seungmin "그렇게, 천천히, 우리(As we are)" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/kAzmhLHePqU/mqdefault.jpg)
I used this to help explain Debits and Credits to my daughter. This was the most effective video on RUclips! Thank you.
This is the best accounting video that I've found after searching for several hours. The others don't explain, but this video explains with small examples.
Excellent explanation in a easy , specific way. The sound was is very clear and playback speed is perfect. Thanks a lot. I am a post graduate in Statistics, working as a HR consultant. This video will add value to my skills in the professional field. I will try to go for all the video's from this site. Thanks
Thank you, whole load of essential accounts explained in less than 15 minutes. The only tutorial that explained what I was looking for. Great work.
I have my first accounting final tomorrow and I have been confused about debits/credits the whole year, this video has really helped! ty I hope I do well:)
It helped very much. You explained it patiently and the visual with the drawings and writing down the terms worked for me. That is how I take notes when I go to a new job to learn the first few days so I loved it.
Thank you so much for explaining these terms in such a basic sense. I have never taken an accounting class and am finding I need this knowledge in my current role. I really appreciate the way in which you are able to explain these terms to someone who knows nothing of these subjects. You've really helped me gain an understanding of these terms
i've been going to class every day for 3 weeks and didn't understand these concepts until i watched this video. Thank you!!!
This is the most clean explanation, thank you
Thank you for this video, You and Mr Rogan Colbert have really made my financial life wonderful
I'm surprised you know Mr Rogan Colbert too, he has been helping me invest in forex and i make close to $10,000 weekly
I just began trading forex but i have not been able to make profit for myself i have been losing a lot, Is there a way i can reach Mr Rogan Colbert because i need his help to help me earn
Heard a colleague of mine who just bought a new car give appraisals to this man for helping her out
Lakshay P
You can communicate him so he can help you out
Roganfelixcolbert(a)gmaïl-com
This video explains a lot and i have really learnt some new things from the lecture
Awesome Madam, I have gone through many videos on this concept but I can say this is the best video anyone should listen to, you have got a wonderful teaching skills, thank you very much!!
Debit and credit -- the two powerful words in accounting. Thank you for clearly explaining this.
Golden rules for Debit and Credit:
DEBITS:
1.What comes in???
2.Who is the receiver??
3.All expenses and losses
Shall be DEBIT.
CREDITS:
1.What goes out??
2.Who is Giver???
3.All incomes and gains
shall be CREDIT.
EXAMPLE:
David purchase laptop for 800$
What comes in is LAPTOP-so LAPTOP shall be DEBIT
What goes out is CASH- so CASH shall be credit.
nice man
Thanks
You save my life
A simple elucidated explanations e thanks
Fantastic👍👍👍👍👍
If you simply want to know the rules of credit and debit, skip to 10:20
Mr. brother. How to go and see that please Tell me
SpaceBread thank you!
mallanna aikur.
thanks man :p
Thanks, haha
wow you are the best teacher of my life........ i salute for you teaching methodology.
THis helped me so much.. I was so confused by the way my professor was explaining but you have clarified it perfect. thank you very much
Very Good ENGLISH AND WELL EXPLAINED, where we never do mistakes. I also appreciate all Finance Train people for their very useful initiative. I request on behalf of Indian Students, also upload for CA, CS, CMA students their syllabus and subject-wise video lecture for poor students. There are many people uploaded video lectures on many subjects, the problem is none of the TUTOR knows ENGLISH. Like me students are not able to understand the local and Regional language video lecture. We expect that you will upload your video lectures only ENGLISH Subjectwise, for CA, CMA and CS students.
One day before my exam! This video was a life & timesaver. Thanks for the help. Keep up the good work!
I strongly believe that teaching is a talent, and you got it. Thank you very much for this useful explanation, keep it up.
I couldn't understand her accent though
Great work. I was so confused about which account will be debited and which account will be credited.
you have explained this nicely. i was always having problem what to debit and what to credit. THANK YOU SO SO MUCH!
I got a failed score here in our accounting quiz coz I still don't get the rule when to debit or credit. But hey! Thanks for this video I'm now getting and understanding it well. Great job! I hope I can ace our next exam 🤣✌️
Thanks so much. Explained where I can understand it. Watched 5 videos and this is the one that makes the best sense. Thanks so much!!!!
U have explained in a very simple manner .. even a layman can understand
Thank you for this series. It is helping me understand accounting for my business as a Notary Public, and also in the design and implementation of my own accounting/CRM application I am developing for my business.
Best explanation I, as novice, came across. Thanks.
Excellent. That's exactly what accounting is. Thank you for sharing your knowledge.
A simple and easy to understand tutorial. Many thanks!
Pixelthirst
ooh my God this is a sound explanation for me to know more The name of the book i hear first is called quick book. quick nook is not for computerizing Accounting am just asking because i used it to work on different accounting this is a great explanation.
Really very useful video. And I am expecting more.Thank you.
Really amazing and clear explanation...Thanks a lot
i was very confused in debit and credit but now i can understand tysm
precise examples and explanation...loved it! 😊
One of the best video
This video is help me to much
How nicely you explained. God bless you!!
Thanks for a very nice explaination, please also tell us about Real, Nominal and Personal accounts. Thanks
Wow great explanation of this!! 😊😊😊
Excellent job explaining basic accounting. Thank you
The is the best way that you are teaching us...
@5:21 "Within assets, the two accounts affected are cash and laptop accounts." Was it supposed to be cash and equipments? Anyway, such an awesome tutorial! This definitely gave a better explanation compared to my teacher... lol
EDIT: nvm my question I realized it's indeed laptop accounts based from the rest of the video.
Your way of explaining is very clear I subscribed
we watched your all videos super and we shared with our friends & relatives.
Very nicely explained and simplified. Thanks.
Thank U for sharing Ur knowledge........ please give some more example where expenses credit and Income debit.........
Fnck this lesson, I hate accounting. I will drop the college !
EDIT: I passed the course with B+ and I'm graduating this year :D
+Ken Adams do not drop. I am 44 years old, but I learn accounting
+Ken Adams Hey man first you funny, your comments as I where next to you and you say that in front of lecture suddenly laughter comes....but man do not think of dropping keep trying you will become an expertise in transaction!
r u mad if u dont like ok.why u using like these words chee😒
Good work bro!
😂😂🥳
just bumped ...held up due to voice ,,so soothing ...similar to Deepika padukone ...
10:25 , This is what i was looking for! Ty
Thanks
very usefull to beginers of accounts students.....
thanks you very much for your interesting lesson that you have given to us please give another one !!!!!!!!!!!!
thanks vvv good explain its clear and easy thanks vv much for your effort
Extremely well explained! Would be even nicer if u included more examples and not only 2. Nevertheless ammazing!
U r very professional, n made 8 understanding n very simple. But how can I go further?
Very clear explanation. Thanks alot.
your explanation made it so easy to understand
THANK YOU SO MUCH!!!!
You're 10000000000000x better than my teacher
Excellent Definitions
Thanks for video
wooow thanx was very hepfull,, well explained
amazing video, really helpful.Thankyou so very much....
THE BEST OF THE BESTTTTTTTTT🔥🔥
🔥🔥😍😍😍😍😍😍😍😍😍😍
I liked the way you are teaching keep it up
Thanks u help me a lot to understand this topic
This is very good. Thanks. Helped a lot
Well this is well short video with much knowledge....but what about three accounts for ledger ; real account , personal account and nominal accounts?? Please post some videos related to translation of journals to ledgers.....thank you teacher.
Thank you for this video ❤️
Well presented ! Appreciation to the author!
Perfect explanation.. Thank you
Great video thank you so much
Excellent presentation. Thankyou. Where can we find the document 'case studies' as mentioned in the video?
This vedio is nice if possible cn u upload partnership accounts and company accounts
mind blowing information .
very logical,clear and brief....:)
Very helpful video thanks mam so much
Very use full mam exlent ,,
Thank you so so much... You and this video are a life saver
Tafi Chiwanza juju
very good. .thanks very much
Thank you, this was very helpful.
Thank you so much, you made it so simple.
How do you handle equity when you're doing personal finances? Would income from working be considered income in your journal or equity?
extremely good explanation!!!!!!
excellent, project. I appreciate it. Thank you very much.
Nice explanation. Thank you.
am in love with ur explanationawesome
Very help full thank you so much
i also understood your video and thank you bot i want to know neatly what is debit and credit
Up
thanks for the video. can you please give an example where expenses/losses credit
Fantastic 😍
Thank you very much, this was truly helpful.
thank you for teaching seriously
amazing tutorial i sucribded
thank you for sharing your knowledge!
can you please explain to me how purchase of a laptop is not an expense? wouldn't it be classified as "other expense" after the gross profit sales - cost of goods sold ?
Laptop is the Fixed asset and Asset always debited so .
Ravi Musical Touch yes it would be in the balance sheet but isn't it am expense since you paid for it ?
Habar Yahuud - Purchasing Laptop is the Capital Expenditure . It is not a Revenue expenditure. All capital expenditure are entried in Balance sheet only. And all revenue expenditures are entried in P&L only.
You are purchasing Laptop means either u will use it for office use or personal use. If for office use it mean capitalised and this is capital nature expense so will show in BS.
If U are purchasing laptop for personal use. then this will be ur drawing. which will reduce ur capital. And 1 most important thing that if u r purchasing laptop then it never can be a revenue nature expense.
At around 5:28 you said expenses aren’t affected, but I thought expenses were things you pay for and you paid for the lap top. I’m not understanding.
Sorry to be off topic here but is it just me or does she really sound like Deepika Padukone? =P
absolutely
Zehra 7
Ce-
Amit A maybe she is Deepika :o
Yes 👍🏻
agree with you Amit A
I understood your video and thank you but can you or someone answers my questions about debit and credit.
Can you answer my 2 questions simply because I am a beginner? First, what is the correct meaning of debit and credit for this T account context? Secondly what is the theory behind this when you’re deciding what goes where when an account increases or decrees. For example increase in asset, account will debit and for the rest account.
Her explanation is more understandable than my teacher. Lol
Same 🤣
Ofcourse i understand her moreee
Accounting work is based on practical experience not just on study if you want to learn more about accounts work you will have to work in any financial instituition/Audit firm/Any accounts department for better tomorrow.
very helpful video
Great! Please kindly provide the case study links, thanks!
Its helpful thanks 🙏
very, very well done video, thank you!!
really its very nice