DEALER: The Number 1 HACK for Debits & Credits

The easiest way to remember Debits and Credits in Accounting! Watch this video to find out what DEALER means and how it can deepen your understanding of Debits and Credits. This is my favourite Accounting Basics trick to identify and distinguish between debit and credit accounts.

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#accounting #accountingbasics #accountingstuff

[AccountingStuff]

What are your Accounting Hacks??

🔗USEFUL LINKS

[shermyluvstrent]

I learned more in 3 minutes than I did in my whole intro accounting course! Thanks so much!

[jannegray]

I seriously made this poster before a job interview. I had "passed" a job interview with the CEO of a company and then he had his CPA firm interview me via phone call. I had pinned this up on my wall before my phone interview. Every question had something to do with how I would put something on the balance sheet. "If you took out a loan on a new car, how would you record it." This hack literally got me a job!!! Thanks!!

[innercitadel]

I'm an accountant and I still learn from you. Thanks !

[Paola-srve]

BRO THIS IS THE VIDEO I NEEDED 3 YEARS AGO *crying*

[feniksattar]

3:11 That really was my reaction after understanding DEBITS and CREDITS

[lenaf]

This was brilliant! I now understood why DEA are debits (destination) and LER are credits (source). It all makes sense now :) Thanks!

[ChantaBrite]

This video is the best! I am a little embarrassed to say I finished my degree years ago but this topic has always been fuzzy for me. Thank you for the simplicity and clarity.

[ChrisIbra]

Honestly you provide more insight than books and training companies combined with a video. Kudos!

[emilyharloff]

I am taking a basic accounting class and I have really struggled with grasping the concept. Your videos are so good and you explain things that didn't make any sense to me seem so clear. I really hope that this will help me to complete this course as I want to get my certification. THANK YOU!! Any tips or advice is welcomed but I really wanted to express my gratitude.

[elgallonegro]

Thank you my brother. I'm taking an accounting class in my first semester in college and to say I was confused is an understatement. Your a life saver!

[Alex-jzdn]

That is absolutely a fantastic explanation. Finally, after 5 years in Business, I started understanding accounting staff. Thank you so much!

[justgottasendit]

its insane how much you can learn from your short videos!!! super helpful!

[moshemo]

Amazing -- I've watched a number of videos trying to understand why dividends and expenses are considered sources (including some of your other videos). I simply couldn't figure it out. And now, voila -- in 3 simple minutes I now get it. Thanks.

[Easypeasysewingwithkim]

Thank you so much for making these videos. I just started my first Accounting class and your videos have helped so much explaining everything on a beginners level.

[its_mmmiles]

Thank you so much for this. Most books and videos just tells me where to put the accounts when they increase and decrease and memorize a cheat sheet but doesn't give me a reason or explain why I have to put it there. Because of your simple explanation, my questions have been answered. I learned a lot because of your videos.

[AudreyPerry]

I am going to watch this video 100 times until I get it. I'm transitioning into accounting and I feel like I'm learning a new way of thinking entirely. Your videos explain things so well and I'm finding them very helpful.

[davidholloway]

I've taken several accounting classes and I, too, just learned something in 3 minutes that I could not understand after a year and a half of business school. Amazing!

[jlpayne]

mind was just blown!!! I am just starting out on my accounting journey and I rewatched this video and it just clicked THANK YOU!!!! Please keep posting videos you are such a help!

[jaylouantipuesto]

Love it. I've been struggling for hours wrapping my head about the concept of credits and debits. Thanks for the enlightenment 🤩