PROPERLY Record Debits and Credits with Examples (EASIEST Method)

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  • Опубликовано: 31 дек 2024

Комментарии • 333

  • @LeilaGharani
    @LeilaGharani  11 месяцев назад +1

    Master Financial Analysis in 30 Minutes! 🚀
    Start our FREE course now and learn the basics fast. No strings attached! 👉 link.xelplus.com/yt-free-finance-basics

  • @ojayherbert
    @ojayherbert Год назад +8

    This is best and simplest lecture i’ve ever seen on recording debits and credits. Thank you fo much

  •  4 года назад +83

    Thank you so much, i have been struggling with these for so so long, i have also watched a ton of videos online but still can not understand anything until i find your video. It helps a lot and for the first time in my life i can understand how the transaction works. You're such a great teacher

    • @LeilaGharani
      @LeilaGharani  4 года назад +4

      Great to hear!

    • @asyaborkova4210
      @asyaborkova4210 4 года назад +3

      I’m so impressed too! Thank you 🙏

    • @xperea91
      @xperea91 3 года назад +3

      I couldn’t agree more! I have been trying to understand this for far too long. I cannot thank you enough!!! 🙏🏼

  • @nitinrajeev5609
    @nitinrajeev5609 4 года назад +25

    This is one of those channels I'm so glad that I found!

  • @jesscollie5173
    @jesscollie5173 Месяц назад +1

    I'm trying to learn the basics of accounting on my own, and it's proving very challenging. Your channel is helping me so much! Thank you!

  • @abeazar
    @abeazar 5 лет назад +41

    As a practicing CPA and a person who attempts to teach accounting to small groups of Payroll Professionals in about a half an hour once a year, I plan to use your examples next time I teach. Thanks for a precise and concise accounting lesson. Abe Azar

  • @MYTHOMINHTRAN
    @MYTHOMINHTRAN 8 месяцев назад +1

    The missing dots have been found and connected, and I have regained my confident to come back to school after 45 years on the pursue of living career! Appreciate your teaching! Apprezzo il tuo insegnamento, signora Leila.

  • @MahmoodSuhail
    @MahmoodSuhail 3 года назад +17

    With every video I watch of yours, my credit of admiration towards you increases and that throws my equation out of balance because you're adding more and more equity to our knowledge! Thanks for the amazing job! Keep up the great work..

  • @nikopriest6762
    @nikopriest6762 2 года назад +7

    The DEALER method is easier to remember.
    Dividends
    Expenses
    Assets
    Liability
    Equity
    Revenue

  • @mariatlopezleguizamo6483
    @mariatlopezleguizamo6483 Год назад +3

    Oh my God! You are fantastic! Thank you so much for sharing your knowledge in such an easy way for us old folks. Blessings

  • @JettingChen
    @JettingChen 5 месяцев назад

    @Leila every time I get stuck in something, it’s always your content that helps push me forward. Used to be only for Excel matters, now Accounting as well. You rock!

  • @adiscomputerschool
    @adiscomputerschool Год назад

    Very nice approach. I spent four years in university studying for this course. Now I have amazing knowledge in 15 minutes. thank you!

  • @Angelica-pu3dq
    @Angelica-pu3dq 4 года назад +2

    Oh my goodness...i think you are saving my life. I'm taking a college accounting course (working on acct degree) and I was SO confused!!
    I checked out to other people before you and I was still confused after watching several of their videos. This is really helping a lot and putting it into terms and a way that I can understand. I really appreciate that immensely. I was getting nervous I wasn't going to be able to grasp it. ❤🙌

    • @LeilaGharani
      @LeilaGharani  4 года назад

      I'm so glad! Good luck with the course.

  • @Me_ThatsWho
    @Me_ThatsWho 5 лет назад +7

    Such a wonderfully clear and visually engaging presentation (such fine graphics). You have a great production crew !

    • @LeilaGharani
      @LeilaGharani  5 лет назад

      Thank you! We are doing our best :)

  • @JTBooks
    @JTBooks Год назад

    One of the best explanations of COGS i've come across. This cleared it up so much. Thanks!

  • @rodrigoabatepaulo
    @rodrigoabatepaulo 4 года назад +1

    I’m an Brazilian accountant, it’s really easy to learn with your videos. You have to understand the basis very well to understand the advance accounting. It’s really nice your way to explain. Congrats.

    • @LeilaGharani
      @LeilaGharani  4 года назад

      Glad you like it Rodrigo. And it's so true. Once you understand the basics everything else falls in place much easier later.

  • @Geevs80
    @Geevs80 3 года назад +2

    Every time you lowered the brightness of the background I thought my battery was dying! Really appreciate the good explanation.

  • @robertadafallon660
    @robertadafallon660 3 года назад +3

    Thank you for connecting the dots so easily for me!!! Clear and concise presentation.

  • @hannawilliams3416
    @hannawilliams3416 3 года назад +2

    i literally logged off my zoom accounting lecture angry and frustrated and confused. after watching just two of your videos, i am already grasping the concepts that i was really struggling with. thank you thank you thank you!

  • @irynag1771
    @irynag1771 5 лет назад +14

    Thank you so much! I'm impressed. Please, post more and more and more videos ;) about accounting and bookkeeping. I really like your manner of speaking and structure of the lessons!

    • @LeilaGharani
      @LeilaGharani  5 лет назад +2

      We'll definitely post more next year. Glad you like the videos.

  • @tonydong13
    @tonydong13 10 месяцев назад

    best channel in youtube! only starting to understand these after watching your video, thanks!

  • @savannanash1449
    @savannanash1449 3 года назад

    ADEX LER is probably the most helpful thing I’ve ever seen! Thank you

    • @LeilaGharani
      @LeilaGharani  3 года назад

      Our pleasure! I'm glad it's helpful for you.

  • @shabbirkanchwala-abwaab6263
    @shabbirkanchwala-abwaab6263 5 лет назад +2

    Debit-Credit simplified
    New LG style
    Thnx
    Keep it up

    • @LeilaGharani
      @LeilaGharani  5 лет назад

      Thank you! More to come. Stay tuned :)

  • @peteratkinson4263
    @peteratkinson4263 Год назад

    I liked the way you used a 'story', whilst explained debits and credits, and then profit and loss/balance sheet etc!! I believe, that, IF you are to do ANYTHING with accounting/bookkeeping, then it's SO important, that, you can make the CORRECT 'postings' to your t-accounts!! I think, your videos, are, VERY suitable, in, helping the BEGINNER, grasp, the above postings!!

  • @peternganga9371
    @peternganga9371 5 лет назад +7

    Thanks Leila. These are explanations that I missed in my introduction to accounting. Nice one there. Thanks.

  • @duccius
    @duccius 3 года назад +1

    This playlist is pure gold

  • @shawniejohnson130
    @shawniejohnson130 4 года назад +4

    You saved me, I was lost but I understand so much better now! Thank you 😊

  • @kourosh234
    @kourosh234 4 года назад

    this is the best and easiest tutorial to understand on the web. Nice job. thanks

  • @ganapathibalasubrahmanyam4575
    @ganapathibalasubrahmanyam4575 3 года назад

    Your pace of explanation is awesome. Must say the very BEST!!!

    • @LeilaGharani
      @LeilaGharani  3 года назад

      Thanks a lot 😊

    • @ganapathibalasubrahmanyam4575
      @ganapathibalasubrahmanyam4575 3 года назад

      You got it. Delivery at right pace is very key for successful learning. This tutorial was spot on. Is there a email where I can discuss in more details about this with you?

  • @vyshnavakumar2553
    @vyshnavakumar2553 4 года назад

    One of the best way to learn accounting.. Hats off

  • @kevwu9931
    @kevwu9931 3 года назад +3

    Amazing explanation Leila, you've just helped me understand a lot of accounting concepts that I'd struggled to understand my entire life :)

  • @christinenoquera9796
    @christinenoquera9796 3 года назад +4

    You're a great teacher finally I understand now I've been struggling on journal entry

    • @lalamalelang5670
      @lalamalelang5670 3 года назад

      Now u know on journal entry. Always remember double entry debit and credit are always equal.

  • @munizahir7644
    @munizahir7644 3 года назад +2

    Thank you Leila for the amazing explanation. I think now I can say that I can pass the accounting course confidently.

  • @Ash1741.
    @Ash1741. 2 года назад

    Thank you very much. Haven’t done journal entries since I was at uni.

  • @deepvyas3972
    @deepvyas3972 4 года назад

    Very Nice Explanation...
    In India we use Ind Accounting Standard is nearly same but we are using
    The 3 golden rules
    1) Real A/C Rule
    2) Personal A/C Rule
    3) Nominal A/C Rule
    It is easy to post Journal Entries
    Again
    Madam very nice explanation with very nice voice...
    Thanking you....

  • @ericjohnson4877
    @ericjohnson4877 7 месяцев назад +1

    @LeilaGharani ....so after this vid and your vid "Debits and Credits MADE EASY with ADEx LER", I've come to terms with the fact that for now I just have to accept which accounts are debit accts and which are credit accts, memorize it, and move on, but I'm not satisfied. I'm trying to wrap my head around what makes each particular account a debit or credit acct, and how that relates to the basic accounting equation, and I have a feeling I'm in for an epiphany....don't worry, I'll keep you updated 😄Your channel has been really helpful so far, btw. My background is technical electronics, my degree is computer science, but somehow I ended up keeping the books for my Mom's real estate brokerage! Agggghhhhhh!!!! I have to learn accounting and bookkeeping!!! Thanks for your hard work!

  • @88pianissimo90
    @88pianissimo90 8 месяцев назад

    Thanks for the video. This is helpful. I am technical person working in financial reporting and this kind of videos help me understand requirement and then translate that into technical stuff.

    • @88pianissimo90
      @88pianissimo90 8 месяцев назад

      Can you please make a video on inventory valuation methods like FIFO, LIFO etc.

  • @MindBodyStorm
    @MindBodyStorm Год назад

    Illustrations like these are rare in the Accounting world, I mean SERIOUSLY 🧐‼️

  • @rsr_s239
    @rsr_s239 2 года назад

    5 PEOPLE have tried to explain this to me to no avail. Merci Mamnoon

  • @juniorcoder1267
    @juniorcoder1267 2 года назад

    Thank you very much, i have managed to created an accounting system using your videos

  • @wizardmaster6639
    @wizardmaster6639 2 года назад

    very good Leila - highly helpful - its basic math, but putting them into these swinging accounts is a learning process. .... But I have great news for you, since the time I have started watching your videos, I have become a majnoon - thanks for your help.

  • @Inquire98
    @Inquire98 4 года назад +7

    "Thank GOD", and thank you very much for your sharing support and time 😉 You and your videos are REALLY good 👌

  • @qudratullahhabiby607
    @qudratullahhabiby607 3 года назад

    it was so nice of you i love that your teaching so in easily way i really enjoy from your video

  • @johngeldenhuys2158
    @johngeldenhuys2158 5 лет назад +1

    wow - I find myself going back and re-watching - I will understand this one day. thks Leila

  • @ItsOnlyShift
    @ItsOnlyShift 2 года назад

    This was genuinely absolutely brilliant

  • @jaylauna4153
    @jaylauna4153 3 года назад

    Watched both videos, this one's great simplified version of understanding Debit and Credit Entry and how it is fed into the P&L and Balance Sheet. You are awesome!

  • @abbasnakhlband9411
    @abbasnakhlband9411 20 дней назад

    Thanks! Very clear and instructive!

  • @julietlawson780
    @julietlawson780 2 года назад +1

    You are such a great teacher! Thank you so much for simplifying this!

  • @hriditakhan5462
    @hriditakhan5462 2 года назад

    you make soooo much sense, thank you so much! you're a superstar

  • @lalamalelang5670
    @lalamalelang5670 3 года назад

    This simple easy to understand will be my giuide from journal entry t-acct balance sheet income statement. Hope the example is complete when it write it down the transactions. Thanks

  • @Jesusloveyou-
    @Jesusloveyou- Месяц назад

    Thank you so much. Excellent explanation.

  • @factspoken9062
    @factspoken9062 9 месяцев назад

    best channel till date

  • @mattschoular8844
    @mattschoular8844 5 лет назад +1

    Thanks Leila. The first 80% was explained well in detail. I hope you will expand upon the income stat and balance sheet portion on more detail in upcoming videos. Well done...

  • @mazenalsakkaf
    @mazenalsakkaf 5 лет назад

    Wow..the best video in its own subject I have ever seen...cheers

  • @cosminciceu101
    @cosminciceu101 Год назад

    Very good explication and easy to understand. Thank you.

  • @mirilovely7351
    @mirilovely7351 3 года назад

    My mom taught me to make a monthly, bi-weekly, or weekly budget depending on your income. according to that, you write down how much you spend, and subtract it from your budget. pretty easy, just keep receipts and stay organized

  • @mariostudio7
    @mariostudio7 5 лет назад +13

    "Accountants don't expect low earning rates" is so neat! 😁

    • @LeilaGharani
      @LeilaGharani  5 лет назад +1

      There are different variations out there but this one just made it stick for me :)

  • @accnotech3863
    @accnotech3863 5 лет назад +3

    Video is good on accounting part, but we would love to see more videos on Excel, as if how to use Excel as front end keeping database in access or sql. Your teaching skills are awesome so I request to make some videos on topics I mentioned above.

    • @LeilaGharani
      @LeilaGharani  5 лет назад +1

      More Excel videos will be out next week. These videos have been in addition to the usual Excel videos :)

  • @allengrant5874
    @allengrant5874 3 года назад

    Thanks once again Leila. So clear and concise.

  • @phoenixs6098
    @phoenixs6098 Год назад

    YOU'RE AMAZING. MAY GOD BLESS YOU ABUNDANTLY! 😇🙏🏼

  • @Worldviewspotlight
    @Worldviewspotlight 4 года назад

    Just because of you I am able to do it. Thanks a lot.

  • @meghnasunil8212
    @meghnasunil8212 3 года назад

    Your explanation is so on point 👌

  • @noorafirst217
    @noorafirst217 2 года назад

    I have Accounting exam today wish me a good luck and thank u for this video.

  • @zqrsh7902
    @zqrsh7902 5 лет назад +1

    Madam thanks for your most informative vedio. Eagerly waiting for your next vedio on automatically transfer (posting) General entries to ledgers.

  • @eyoelgetachew6004
    @eyoelgetachew6004 2 года назад

    great lesson ....................thank u leila

  • @luzvimindachangsi8806
    @luzvimindachangsi8806 Год назад

    I still had a lot to learn thank you so much

  • @gyambibialex849
    @gyambibialex849 3 года назад

    Very interesting . It helping me a lot. Accounting made easy for me

  • @chandanachar9108
    @chandanachar9108 4 года назад +1

    Hello Leila could you make two separate videos on how accounts payable and receivable works and your explanation is crystal clear I have never understood the concept in my bachelor's degree..thanks

    • @spting6409
      @spting6409 5 месяцев назад

      Buy goods without paying Cash or check i.e. on account.
      Dr. Goods
      Cr. Accounts payable
      Sell goods without receiving Cash/Check then,
      Dr. Accounts receivable
      Cr. Goods/Sale

  • @ellefrias5980
    @ellefrias5980 4 года назад

    Thank you so much😭 Im really getting a hard time understanding my course right now... But after watching ypur videos and discussion it is more easier and lighter for me😊😊😊😊

  • @ayananidheeshayananidheesh7274
    @ayananidheeshayananidheesh7274 4 года назад

    Thanks maam.i am in Kerala.l well understand your class.al the best.

  • @RajputAjeetSinghVlogs
    @RajputAjeetSinghVlogs 4 года назад

    Liked Ur Way Of Teaching 💥 Love From India 🇮🇳

  • @alanlee823
    @alanlee823 3 года назад

    2nd time watching -- begins to click, another 5 stars , although i just realized within each transaction can also trigger the opposite actions within the t account regardless whether it is debit or credit account .

  • @fazaldinafghan9931
    @fazaldinafghan9931 4 года назад

    Thank you Mrs. I like this videos Record please upload account another videos

  • @akhilkumarraparthi8179
    @akhilkumarraparthi8179 3 года назад

    Your just awesome teacher
    I have so much of respect on you after watching this vedio.
    Thanks a lot

  • @karrieweb2004_JxEdEx
    @karrieweb2004_JxEdEx 5 лет назад +1

    Thank you for the clearly presented information. I will share this video with my classmates.

  • @nadeemmalik8031
    @nadeemmalik8031 4 года назад

    Brilliant, simple, easy to understand. Thank you so much Leila. You really are an amazingly beautiful person and a fantastic whizz with all your videos.

  • @johnnykeita7392
    @johnnykeita7392 3 года назад

    You are talented keep it up. Thanks

  • @jandradaunoraite9725
    @jandradaunoraite9725 3 года назад +1

    Leila you are absolutely amazing! Thank you.

  • @samuelsanchez7800
    @samuelsanchez7800 4 года назад +4

    Thank you so much, I finally understand.

  • @bunnakornsomprasert6019
    @bunnakornsomprasert6019 5 лет назад

    Thank you Leila. These help me a lot to explain to beginner.

  • @oliviamwebeiha6038
    @oliviamwebeiha6038 3 года назад

    Excellent video, made it seem so easy! Thanks

  • @sandrahendricks1354
    @sandrahendricks1354 2 года назад

    Very helpful - thank you greatly!

  • @marktolliver1133
    @marktolliver1133 3 года назад

    JUST EXCELLENT, NOTHING ELSE NEEDS TO BE SAID

  • @janegibson2123
    @janegibson2123 4 года назад

    Thank God I found u before enrolling at least I can learn more here

  • @salaheldin00
    @salaheldin00 4 года назад

    Thank you so much for the most valuable information you have have clearly explained .

  • @IsraelAlvarado-q1h
    @IsraelAlvarado-q1h 10 месяцев назад

    OOOH MY GOD!!!!!!!! you are the best!!!!

  • @OFNETWORK-y5c
    @OFNETWORK-y5c 11 месяцев назад

    Beautiful. Thanks for this video

  • @rsadsultanov3071
    @rsadsultanov3071 4 года назад

    Thank you ,finally could comprehend a topic at least a little.
    I wish my professor would teach in the same way :(

  • @deepanshukaushik5571
    @deepanshukaushik5571 4 года назад

    Thanks! You made things easier.

  • @happyfamilylifescreations
    @happyfamilylifescreations 3 года назад

    Really nice and clear..thanks for your time and effort leila!

  • @lalamalelang5670
    @lalamalelang5670 3 года назад

    Thanks for sharing im learn a lot. Basic accounting. Thanks. Il take down notes.

  • @ismailismaili0071
    @ismailismaili0071 5 лет назад

    U are doing such a great job thank u so much Ms. Leila

    • @LeilaGharani
      @LeilaGharani  5 лет назад

      My pleasure Ismail. Hope it's helpful.

  • @chikaaudreyna3916
    @chikaaudreyna3916 4 года назад +1

    Omg,thank you so much this is so incredible and detail

  • @popohammers9095
    @popohammers9095 3 года назад

    Thank you so much!!! My questions were cleared because of your video.

  • @nimeesha9929
    @nimeesha9929 4 года назад

    hi as u mentioned in the above video about the inventory evaluation methods. Have you done doing a video of it? Well, your teaching skills are awesome and I can understand accounts better.

  • @brunocaruso1082
    @brunocaruso1082 2 года назад

    In Uk we use dead and clic to remind the entry. DEAD Debit Expenses Assets Drawnings CLIC Credit Liabilities Income Capital

  • @michaelmcgowan4969
    @michaelmcgowan4969 3 года назад

    Very well-done video easy to follow and would recommend your videos to help get to know accounting before on takes a course.

  • @JvnbbAi
    @JvnbbAi 5 лет назад

    After long time i am subscribing a usefull channel 😆😊

  • @wayneedmondson1065
    @wayneedmondson1065 5 лет назад

    Hi Leila.. thanks for the video.. very interesting and entertaining presentation. Thanks for expanding my knowledge base! Thumbs up!!

  • @adriannoguera0716
    @adriannoguera0716 7 месяцев назад

    Thank you Leila ❤