Debits and Credits for Beginners
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- Опубликовано: 1 авг 2024
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Debits and Credits for the Beginner! I'll give you the basics to learn quick and easy.
Hi I never had accounting,and I have it now at the college, I will appreciate if you can help me to understand accounting.
We should go back in time and kill the clown who invented this BS. What's the logic behind it? This Dr / Cr nonsense is akin to saying some numbers are always negative and some are always positive. Sheer lunacy!
@@classicalwit Yes ! I totally agree ! This stuff is so dumb. If you have any understanding of numbers and words, this concept is offensive. Accountants suck. The only way I can make any sense of it is that they didn't know what the words meant. They just plucked some words that mean opposite things and applied them. Unfortunately for everyone else these words already had a meaning and now we're stuffed.
@@anthonygirdler606 Are you refering to how in accounting they call money coming debit and money out credit? which is the complete opposite of the words meaning. I'm struggling a lot with this at the moment too
DUDE FINALLYYY. I found someone who actually knowwssss how to teach slowly and compassionately!! 😊
This is the best video I have viewed for leaning the different between debits and credits. Thanks so much, great job.
The only video that helped me understand debits and credits. Wow! Thank you!
Debits & Credits !!! Thanks for the simple explanation and making it easier to understand for beginners...
Thank you so much for the straight to topic point and easy breakdown. Appreciate your effort in making this video; helped me alot! ☺️
Oh my goodness! Thank you so much for this explanation, have been looking at 13 videos today and you are the only one who has succeeded with explaining it in an understandable way! Many Many thanks to you!
So happy to hear that! I will be creating more videos every single week 😃
Seriously you are a life saver. I leave from examples and you just made it click for me. You are appreciated.
you are amazing in explaining debit and credit. I was having hard time understanding the concept but thanks to you, I am starting to understand it. Thank you.
Thank you so much for this. Your explanations are always easy to relate to or understand.
You are quite literally my super hero. I've watched so so so many videos and re-read my book several times about this subject, it just wasn't clicking at all. Thank you!!
I watched 100 videos until I got to this one, the only way to understand the debit and credit matter was through this video! You are the best! And thanks for the exam.
OMG, THANK YOU THANK YOU THANK YOU... I don't know why this seemed so simple for you but so complex for others (my professor) to explain!
This video cleared all my confusion about debit and credit. Thanks a lot. This video is really underrated ( practicing for tomorrow's exam ).
Best video on this subject! Thanks man
Thank you!! You made it so simple to understand
Wow thank you so much! I finally get it!!
Thank you for being clear and to th point!
Love this explanation, very nicely done!
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You are the best !! I’m finally getting it !
4 years at university and now I get to know this perfectly... Thanks AUBG.
Thanks a lot, your channel is amazing.
Thank u, u explained this so much better than others;)
Omg, you just saved my life with this video. I could not find a video that I understood where debits and credits are concerned. Thank you so much for this.
So happy I could help!
Thank you very much, Great video!!!
Thank you for the clarity, it is was very helpful
That was so much better than professor and other videos combined. Holy. Thank you much for your content
Happy to help!
Great session sir
Thank you.
really appreciate your video as new content creator in this fields
Excellent video!
this is the best vid on this topic by far
That was so clear and usefull! Thanks. So basically everything is increased (go up) you just need to know to with account apply, referring to the abbriviation.
Ah I'm finally starting to get it! Thank you!!!
Thanks so much , I was struggling to understand this
Great explanation 🙏
Nice video. Makes sense.
Thank you for this❤
This was so great omg
Never heard of Dead before. Thank you
great video
Omgg thankyousomuchh for these videos
The best video explaining accounting basics.
Glad it was helpful!
Thanks so much
great job,
Thank you
Thank you for the explanation.
Happy to help!
Hope your channel is still alive my friend, very useful, clear, simple content
Holy shit I’m so glad I played bball with this genius instead of us each taking our grad school final exams nearly 10 years ago because now we are both amazing teachers instead… That saying you were possibly thinking in response to this true lil totally is bogus btw yall, extremely relevant to this video in particular if you have any idea how expensive a masters degree is. Hell yeahI love accounting!!
Thanks for watching buddy! Forever teachers 🤝
Awesome teaching!
Glad it was helpful!
bless you bro
thankyou
youre goated 3 years later
I signed up your course last night, I got the receipt email but I didn’t get my course access information email.
New subscriber
would help if you put in the actual visual equation so we can see where the +s -s go on the A= L+S/E
what about credits? if they increase or decrease?
I understand that some are debit by nature and some are credit by nature. But what is debit and credit itself? What do these terms actually mean?
Honestly, I have keep studied Dr and Cr for a month but finally, I understood that I am not an accountant person then I left it.
Dwight Schrute!
Man you're so easy to understand+
I need your help my dear taeacher?
I have a question. Why would the formula to get assets be written as liabilities PLUS owners equity . When it should be MINUS.
In my head if I add up all liabilities and then I add my equity that’s adding when it should be minus your Liabilities from your equity.
Company assets = Company liabilities + SHAREHOLDERS" EQUITY.
Shareholders.
may i ask if you earned revenue that means cash has gone up right? how come its a credit?
Will balance balance sheet by crediting revenue and debiting same amount fr9m cash a/c to balance asset and liability
So I am a big picture learner. I understand if you increase you "debit" and if you decrease you "credit" But why? It seems it would be the opposite. I know the RULES; I need some reasoning of why this is so I can completely understand. Thanks!
Wouldnt cash as an asset be a Debit? So if youre buying a product, it would be a debit from cash?
When you receive cash, it is debited. When you pay with cash, it is credited 👍
when an asset increases it is a debit. whem you buy sonething you are decreasing cash so it is a credit.
How do you record if you steal 1 million dollars?
4:30 if I pay the debt (liability) with cash (asset) shouldn't the asset decrease because I used it to pay the debt?
That is correct. Thanks for pointing that out! I will be making a new debits and credits video soon 😎
@@Accountinguniv Thank you so much! I was so confused. I've started a bookkeeping course recently and these videos really help.
I’m just not understanding why expenses would go up as a debit
MAN U GAINED A LIKE... THE UNI PROF DOESNT KNOW HOW TO EXPLAIN THAT EZ
EVENTHOUGH I AM STILL A BIT LOST BUT WAY BETTER THAN B4
THANK YOU
Instead of CLRE,
Arrange,
Credit
Liabilities
Equity
Revenues
CLEAR MINUS THE A
or Mr. Cler
@@sauldiaz2139 genius 😂👏😌
One made up word from me here is DEALER first 3 DEA are debit i.e. Dividends, Expenses and Assets. last 3 LER are credit.. i.e. Liabilities, Equity and Revenues.
Very confused. Something can't go up with a debit. That's not what the word means. It's like saying 5-3 = 8
Using an acronym doesn't help to explain the concept. It's just rote learning. Instantly forgettable if you lack understanding.
Yeap this is accounting.
Yes.
The words are English but the meanings depend on where you use them.
For example
Debit a debit account means the debit account increases.
Credit a credit account means the credit account decreases.
This information keeps getting presented like it has to be memorized - why is that? Why won't anybody tell us the reason it is the way it is so we don't HAVE to memorize it? Is it because it's nonsensical and randomly assigned? Surely that can't be true...
No wonder I write for a living. FML. Huh? LOL
Just sent you an email.
That was good...but not great or anything. Try some coffee.