Thank you for your clear and precise instruction. I love it when instructors are straight to the point. You made it easy to understand and follow. Thanks
Thank you so much for this video! I wish I would have found this about 3 weeks ago, but I'm here now! Not an accounting major but am almost finished with my BS-Business Administration/Management
Wherever its payable, those are current liabilities, they should be paid within a period of one year, so don't get it like where there's payable, its credit, but instead, get it in a manner that where there's payable, those are liabilities hence liabilities go on the credit side
I think DEAD CLIC is better. DEAD= D-Debit E-expense A-asset D-drawings CLIC= C-credit L-liability I-income C-capital This way you already know what is debited and credited by the first letter of each acronym.
-- Current Assets-- -cash in hand -cash at bank -accounts Receivable / debtors -petty cash advance/imprest -stock/inventory -income due -expenses prepaid -Fixed Assets- -Land -Building -Furniture -plants and machinery -equipment -motor vehicles -fixtures -fittings
-- Current Assets-- -cash in hand -cash at bank -accounts Receivable / debtors -petty cash advance/imprest -stock/inventory -income due -expenses prepaid --Fixed Assets-- -Land -Building -Furniture -plants and machinery -equipment -motor vehicles -fixtures -fittings
Coz assets, expense, drawings and a/c receivable will be debited and liability, owners equity, revenue,contra a/c will be credited..in the situation of increasing of amount.
It's been over 5 years since you've made this video and it has helped me prepare for my exam. Thank you!!
What grade are you in
@david me too
Thank you for your clear and precise instruction. I love it when instructors are straight to the point. You made it easy to understand and follow. Thanks
Thank you so much for this video! I wish I would have found this about 3 weeks ago, but I'm here now! Not an accounting major but am almost finished with my BS-Business Administration/Management
I'm approaching my final exams and this is really helping me🙏🙏
only thing i can say is that i understand now because of you 👍
This video does no beating around the bush and explains very clearly. Thanksss a lot
I literally have a test tomorrow for PoA and this really helps alot omg thanks you for this video!! And thank you for helping me understand
Wherever its payable its Credit
Thank you soo much
And purchase return as well
Wherever its payable, those are current liabilities, they should be paid within a period of one year, so don't get it like where there's payable, its credit, but instead, get it in a manner that where there's payable, those are liabilities hence liabilities go on the credit side
DEALER
D-drawings
E- expense
A- assets
Increase= debited
Decrease= credited
L- Liabilities
E- Equity
R- Revenues
Increase- Credited
Decrease- Debited
I think DEAD CLIC is better.
DEAD=
D-Debit
E-expense
A-asset
D-drawings
CLIC=
C-credit
L-liability
I-income
C-capital
This way you already know what is debited and credited by the first letter of each acronym.
This is unrelated but AAARRRMMYYYYY
@@muhammadlee- dude idk who you are but i literally love you thnk you so much may God bless you
its 2020 and I'm having my exam in the next few days, this helped a lot omg thanks!
thank you so much for helping me i have an accounting exam in 3 days and i hardly understand anything lol
Form this video it's easy to understand trail balance....but voice is low....tq!!
You're a life saver carry on helping us comprehend accounts
Thank you. I really enjoyed that video it helped me a lot and I understand the trial balance a lot more now.
Thank you! Great video, it was simple and easy to understand.
you saved my life 🙏
aprendiendo Ingles :D
si vienes de Administración Financiera deja aqui tu like ;D
Thank you so much it helped me in my exam 😭😭😭
how to prepare trial balance after balancing off t accounts
tomorrow is my exam and i am learning from here
wish i'd found you earlier. have to re-sit for my paper.. again.. probably.. since im definitely failing this re-sit. hope you make more vids!
Me too preparing for a supply exaam
Chheers ☺️
-- Current Assets--
-cash in hand
-cash at bank
-accounts Receivable / debtors
-petty cash advance/imprest
-stock/inventory
-income due
-expenses prepaid
-Fixed Assets-
-Land
-Building
-Furniture
-plants and machinery
-equipment
-motor vehicles
-fixtures
-fittings
Great help. Thanks for sharing. Permission to share this also.
thanks you save me on this grade 10 course in accounting
how do you know if which 1 is debit and which 1 is credit?
-- Current Assets--
-cash in hand
-cash at bank
-accounts Receivable / debtors
-petty cash advance/imprest
-stock/inventory
-income due
-expenses prepaid
--Fixed Assets--
-Land
-Building
-Furniture
-plants and machinery
-equipment
-motor vehicles
-fixtures
-fittings
Exactly
Coz assets, expense, drawings and a/c receivable will be debited and liability, owners equity, revenue,contra a/c will be credited..in the situation of increasing of amount.
Guy good job
U saved my life
Omg dude u SAVE my life
This was unbelievably helpful. Thanks so much!
how about cash in hand is it debit?
what about discounts allowed or receved
discount received is on credit side, discount allowed is on debit side as u can see it as an expense
Why did you start witch cash and then moved all the way to the bottom of accounts receivable
Here I am after my midterms wondering what my friends meant by balancing the trial balance. Oh shit
Owners capital is liability, can u explain please
Thank you so much
Great
help i dont have notes payable, salaries and wages payable, service revenue and salaries & wages revenue on mine. (L. Patel unit 2 TVO ILC baf3m)
very helpful, thanks!
so good
last video i saw expenses were under credit, here they are debit. accounting makes no sense!
100k YaYa it make sense. The total at the end lest you know that there is no cheating goin on
Thankyou so much
Why is it that supplier having a debit balance intends of credit sir I need an explanation
supplies are an asset because you own it
Thanks
Could anyone help? Is it A?
Thank you
And what about stock??
You leave closing stock out of it but you can put opening stock in the trial balance
If this doesn't help I'm done with accounts-
Well what happened?
Thanks a lot
Where is revenue?
Hello
😂 bad guy they drink garri
theis video very delicious
2024😊