Rules of Debit and Credit

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  • Опубликовано: 8 сен 2024

Комментарии • 338

  • @CalienteFrijoles
    @CalienteFrijoles 7 лет назад +7

    Thanks for making videos like these. You're teaching me more than my professor. He rushes us through class, hands out an assignment on what he just rushed through, and expects his students to know more than what he explained

  • @greenspringvalley
    @greenspringvalley 4 года назад +3

    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.

  • @coloradochicmeeee
    @coloradochicmeeee 7 лет назад +3

    I used this to help explain Debits and Credits to my daughter. This was the most effective video on RUclips! Thank you.

  • @shazzz2909
    @shazzz2909 8 лет назад +2

    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.

  • @Nicholas-wb1lv
    @Nicholas-wb1lv 4 года назад +26

    Thank you for this video, You and Mr Rogan Colbert have really made my financial life wonderful

    • @laurenmoore8718
      @laurenmoore8718 4 года назад +2

      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

    • @lakshayp2715
      @lakshayp2715 4 года назад

      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

    • @gregorydavids4411
      @gregorydavids4411 4 года назад

      Heard a colleague of mine who just bought a new car give appraisals to this man for helping her out

    • @Nicholas-wb1lv
      @Nicholas-wb1lv 4 года назад +2

      ​ Lakshay P
      You can communicate him so he can help you out
      Roganfelixcolbert(a)gmaïl-com

    • @yttoday3076
      @yttoday3076 4 года назад

      This video explains a lot and i have really learnt some new things from the lecture

  • @SanjeevBeekeeper
    @SanjeevBeekeeper 9 лет назад +18

    This is the most clean explanation, thank you

  • @cashmanagerlimited525
    @cashmanagerlimited525 9 лет назад +9

    Debit and credit -- the two powerful words in accounting. Thank you for clearly explaining this.

  • @sereydaluxbun6533
    @sereydaluxbun6533 9 лет назад +14

    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

  • @Heshamst
    @Heshamst 9 лет назад +19

    I strongly believe that teaching is a talent, and you got it. Thank you very much for this useful explanation, keep it up.

    • @charlesg7926
      @charlesg7926 6 лет назад

      I couldn't understand her accent though

  • @angelina_jay
    @angelina_jay 2 года назад

    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:)

  • @simhadrinandini282
    @simhadrinandini282 7 лет назад +136

    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.

  • @artificialacapellas
    @artificialacapellas 6 лет назад

    i've been going to class every day for 3 weeks and didn't understand these concepts until i watched this video. Thank you!!!

  • @undrallavenkata
    @undrallavenkata 7 лет назад +1

    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!!

  • @BangaruAmarnath
    @BangaruAmarnath 7 лет назад +4

    Great work. I was so confused about which account will be debited and which account will be credited.

  • @sirtatay4688
    @sirtatay4688 9 лет назад

    Excellent. That's exactly what accounting is. Thank you for sharing your knowledge.

  • @basilkuriakose896
    @basilkuriakose896 9 лет назад +1

    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

  • @mohamedabdullahi6694
    @mohamedabdullahi6694 9 лет назад +3

    you have explained this nicely. i was always having problem what to debit and what to credit. THANK YOU SO SO MUCH!

  • @artemis1306
    @artemis1306 4 года назад +1

    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 🤣✌️

  • @deepakdayalan2185
    @deepakdayalan2185 7 лет назад +2

    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.

  • @dkoaaaaa
    @dkoaaaaa 8 лет назад +190

    If you simply want to know the rules of credit and debit, skip to 10:20

  • @Yaddehpaddeh
    @Yaddehpaddeh 11 лет назад +1

    One day before my exam! This video was a life & timesaver. Thanks for the help. Keep up the good work!

  • @dinalark1063
    @dinalark1063 5 лет назад

    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!!!!

  • @baitullah8227
    @baitullah8227 6 лет назад

    wow you are the best teacher of my life........ i salute for you teaching methodology.

  • @mks1947
    @mks1947 7 лет назад

    U have explained in a very simple manner .. even a layman can understand

  • @augustayarteh7524
    @augustayarteh7524 5 лет назад

    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.

  • @barlettamanicure2676
    @barlettamanicure2676 9 лет назад +10

    mind blowing information .

  • @TheFosroc
    @TheFosroc 10 лет назад

    Best explanation I, as novice, came across. Thanks.

  • @manoj.advani
    @manoj.advani 3 года назад

    The is the best way that you are teaching us...

  • @Arun_Sam
    @Arun_Sam 5 лет назад +1

    Really amazing and clear explanation...Thanks a lot

  • @bakhtawarbukhari3134
    @bakhtawarbukhari3134 8 лет назад

    i was very confused in debit and credit but now i can understand tysm

  • @pixelthirst7282
    @pixelthirst7282 8 лет назад

    A simple and easy to understand tutorial. Many thanks!

  • @shainemaguire64
    @shainemaguire64 9 лет назад +1

    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.

  • @ReD-id1pk
    @ReD-id1pk 4 года назад +1

    precise examples and explanation...loved it! 😊

  • @gatluakhothpajok8161
    @gatluakhothpajok8161 5 лет назад

    thanks you very much for your interesting lesson that you have given to us please give another one !!!!!!!!!!!!

  • @shamimshaik8382
    @shamimshaik8382 4 года назад

    just bumped ...held up due to voice ,,so soothing ...similar to Deepika padukone ...

  • @Cris-hk4cn
    @Cris-hk4cn 5 лет назад

    Excellent job explaining basic accounting. Thank you

  • @safeeraziz792
    @safeeraziz792 5 лет назад +1

    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.

  • @motumahaile4548
    @motumahaile4548 3 года назад

    How nicely you explained. God bless you!!

  • @sureshmu4101
    @sureshmu4101 5 лет назад

    Really very useful video. And I am expecting more.Thank you.

  • @mirhamza1928
    @mirhamza1928 5 лет назад

    One of the best video
    This video is help me to much

  • @RC-tu6hx
    @RC-tu6hx 5 лет назад

    Very nicely explained and simplified. Thanks.

  • @hakanoner1995
    @hakanoner1995 8 лет назад +80

    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

    • @user-wj9ih4vj4x
      @user-wj9ih4vj4x 8 лет назад +6

      +Ken Adams do not drop. I am 44 years old, but I learn accounting

    • @charleskieti
      @charleskieti 8 лет назад

      +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!

    • @kumaresanthangavel8814
      @kumaresanthangavel8814 8 лет назад +1

      r u mad if u dont like ok.why u using like these words chee😒

    • @tysonking3750
      @tysonking3750 6 лет назад +3

      Good work bro!

    • @janetchenelle8945
      @janetchenelle8945 4 года назад +1

      😂😂🥳

  • @MrAzamsamad
    @MrAzamsamad Год назад

    Thanks for a very nice explaination, please also tell us about Real, Nominal and Personal accounts. Thanks

  • @gmygmy3424
    @gmygmy3424 7 лет назад

    thanks vvv good explain its clear and easy thanks vv much for your effort

  • @unad5
    @unad5 7 лет назад +1

    @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.

  • @akshaysonkar5587
    @akshaysonkar5587 2 года назад +1

    Thank you for this video ❤️

  • @tlacie99
    @tlacie99 3 года назад

    Wow great explanation of this!! 😊😊😊

  • @vmjz13
    @vmjz13 10 лет назад +1

    your explanation made it so easy to understand
    THANK YOU SO MUCH!!!!

  • @mayasinan4638
    @mayasinan4638 4 года назад

    Great video thank you so much

  • @aswartnaidu2324
    @aswartnaidu2324 8 лет назад

    very usefull to beginers of accounts students.....

  • @_ericaeleazar
    @_ericaeleazar 6 лет назад +3

    You're 10000000000000x better than my teacher

  • @williamg311
    @williamg311 9 лет назад +4

    10:25 , This is what i was looking for! Ty

  • @mrsrkentertainment3432
    @mrsrkentertainment3432 4 года назад

    Very helpful video thanks mam so much

  • @user-hs2ws3qg9b
    @user-hs2ws3qg9b 8 лет назад

    very good. .thanks very much

  • @manzoorahmad7911
    @manzoorahmad7911 8 лет назад +1

    Excellent Definitions
    Thanks for video

  • @samang127
    @samang127 9 лет назад

    Very clear explanation. Thanks alot.

  • @merhawithagos4895
    @merhawithagos4895 3 года назад

    Very help full thank you so much

  • @abdikadiradenwantahab
    @abdikadiradenwantahab 4 года назад

    Thanks u help me a lot to understand this topic

  • @TNHusband
    @TNHusband 5 лет назад

    Your way of explaining is very clear I subscribed

  • @middleclasspeople8898
    @middleclasspeople8898 4 года назад

    we watched your all videos super and we shared with our friends & relatives.

  • @umairrehman3369
    @umairrehman3369 5 лет назад +1

    Extremely well explained! Would be even nicer if u included more examples and not only 2. Nevertheless ammazing!

  • @linde_learn3892
    @linde_learn3892 5 лет назад

    This is very good. Thanks. Helped a lot

  • @TheSnickers31
    @TheSnickers31 3 года назад

    Thank you, this was very helpful.

  • @debb6456
    @debb6456 9 лет назад +7

    Thank you so much, you made it so simple.

  • @tjitemisajudika3513
    @tjitemisajudika3513 10 лет назад

    wooow thanx was very hepfull,, well explained

  • @lakshrao5472
    @lakshrao5472 10 лет назад

    amazing video, really helpful.Thankyou so very much....

  • @ramshiva4092
    @ramshiva4092 7 лет назад

    Thank U for sharing Ur knowledge........ please give some more example where expenses credit and Income debit.........

  • @tafichiwanza6456
    @tafichiwanza6456 10 лет назад

    Thank you so so much... You and this video are a life saver

  • @YusufSpl
    @YusufSpl 9 лет назад

    very logical,clear and brief....:)

  • @christelegebrael6271
    @christelegebrael6271 3 года назад

    THE BEST OF THE BESTTTTTTTTT🔥🔥
    🔥🔥😍😍😍😍😍😍😍😍😍😍

  • @clairewachira7305
    @clairewachira7305 10 лет назад

    I liked the way you are teaching keep it up

  • @vyshnavakumar2553
    @vyshnavakumar2553 4 года назад

    Perfect explanation.. Thank you

  • @shanegepilano7071
    @shanegepilano7071 8 лет назад +1

    thank you for sharing your knowledge!

  • @maniamts3342
    @maniamts3342 7 лет назад

    Well presented ! Appreciation to the author!

  • @josefinschwartz8309
    @josefinschwartz8309 6 лет назад

    extremely good explanation!!!!!!

  • @rodrigopalomino6603
    @rodrigopalomino6603 9 лет назад

    excellent, project. I appreciate it. Thank you very much.

  • @aswiniperamsetty4723
    @aswiniperamsetty4723 5 лет назад

    Very use full mam exlent ,,

  • @alexclassesDewas
    @alexclassesDewas 5 лет назад

    Nice explanation. Thank you.

  • @yeshna8181
    @yeshna8181 7 лет назад

    am in love with ur explanationawesome

  • @rajhynez
    @rajhynez 6 лет назад

    Thank you very much, this was truly helpful.

  • @saadyahmed9718
    @saadyahmed9718 7 лет назад

    thank you for teaching seriously

  • @veereshbiradar4760
    @veereshbiradar4760 7 лет назад +2

    nice to teach................................

  • @retagmostafa7787
    @retagmostafa7787 7 лет назад

    really its very nice

  • @willimenapotter6120
    @willimenapotter6120 7 лет назад

    U r very professional, n made 8 understanding n very simple. But how can I go further?

  • @waheedahmad5904
    @waheedahmad5904 8 лет назад

    very useful I like it

  • @abasalimohamed
    @abasalimohamed 4 года назад

    Fantastic 😍

  • @JayJman1000
    @JayJman1000 8 лет назад

    very, very well done video, thank you!!

  • @sam56094
    @sam56094 5 лет назад

    amazing tutorial i sucribded

  • @keensterd3654
    @keensterd3654 7 лет назад

    Very good video

  • @abhijitkumbhar9637
    @abhijitkumbhar9637 8 лет назад

    very nice teaching

  • @ishow252
    @ishow252 9 лет назад

    i also understood your video and thank you bot i want to know neatly what is debit and credit

  • @shaakiraxmed1578
    @shaakiraxmed1578 9 лет назад

    thanks 100 percent, accounting is daily life uses

  • @IDentity.custom.printing
    @IDentity.custom.printing 5 лет назад

    Well-done. GOD bless you

  • @NevaehBeatez
    @NevaehBeatez 7 лет назад

    How do you handle equity when you're doing personal finances? Would income from working be considered income in your journal or equity?

  • @sampak775
    @sampak775 5 лет назад

    DEAD CLIC rule is more easy to understand and very helpful to understand debit and credit

  • @tomsherpa3964
    @tomsherpa3964 7 лет назад

    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.

  • @likkaminoza557
    @likkaminoza557 7 лет назад +1

    thanks for the effort :)

  • @EnglishCareerCoach
    @EnglishCareerCoach 11 лет назад +1

    This is so awesome! Thanks so much! :):)

  • @brookemccullough7771
    @brookemccullough7771 5 лет назад +1

    This is SO helpful! Thank you!

  • @yohannatong4305
    @yohannatong4305 10 лет назад +1

    This is great, thanks for that ma'am :)