Learn Double-Entry Bookkeeping in 5 Minutes
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- Опубликовано: 8 фев 2025
- Within this video I'll run through how to record accounting transactions within the general ledger accounts. I'll teach how to remember which accounts you increase with a debit entry and which accounts increase with a credit entry.
If you have any questions drop them in the comments below or email:
Will-aat@outlook.com
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Brilliant. Simple, logical, neat. Best guide I've seen to date. Pity this video isn't reaching more people. They're missing out. Glad I found your video. Lucky me.
thankyou!! This and the mock exam walk through have been sooo helpful❤❤❤
my exam's tomorrow and ur saving my ass. thank you
Hello Will . Your way how you explain everything helps me a lot in my first AAT exam . Please can you help will a video about reconciliation .
Hi Will - super explanation of double entry book-keeping.
Hope your channel does really well. 😊👍
Thank you Julie!
Well explained
Any How to Calculate Equivalent Units videos?
🙏 Thncs
Sorry to sound stupid - but if the company buys £180.00 worth of stationary, I can understand that the stationaly account has a debit - but why would the bank have a credit? Am I getting confused with the bank 'account' and the bank 'balance' as the bank balance would surely be debited by £180 after spending that amount on stationary as a purchase?
The bank on an accounting system is the opposite of your personal account :)! So a debit is an increase to the balance and a credit is a decrease.
If sales increase then why it goes on credit side? You said credit is decrease
So an increase to purchases, expenses or assets would be a debit to their accounts, a decrease would be a credit to their accounts.
An increase to sales (revenue), liabilities or capital would be a credit and a decrease in value to these accounts would be a debit.