Double Entry System Pt. 1.| CSEC Principles of Accounts by Serain Jackson.

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In this video i introduce the principles concerning the Double Entry System. This video is 1 in a series of 3 videos. Hope you enjoy!!

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For Introduction to Accounting Video:

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Musician: Jeff Kaale
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God bless u sir with online school im not learning a thing in POA ur channel is helping me alot.

astoniaallen
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I learnt this as an acronym 'DEALER':
Drawings
Expenses
Assets
Liabilities
Equity (Capital)
Revenue
'DEA' in the acronym 'DEALER' Is DEBITED when there's an increase and CREDITED when there's a decrease.
'LER' in the acronym 'DEALER' Is CREDITED when there's an increase and DEBITED when there's a decrease.

Hope this helps someone

ronaldosomarb
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Thank you so much
Your videos has been of great help towards my studies for Csec
Keep up the good work👍

ShortBustTV
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Am pleased Mr .lecturer with your expectations am here in uganda thanks

AgumahoAndrew
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Yardman in the building, mi like that

lekesyt
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Thank you so much. You're the only one who could shed some light on this this. Appreciated sir.

BreadOflife.spiritual
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Alhamdulillah sir u make me to understand double entry thank u so much

isatou
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Great 🎉 video
How do u know an asset is increased or decrease

MariamaLJallow-ky
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R = Revenue C
E = Expenses D
C = Capital C
A = Assets D
L = Liabilities C
S = Sales D

cqclan
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Mr. Jackson when is your next live class?

cqclan
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I still don't understand why the capital account is credited when there is an increase..

SilxDrums
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How about the IN(for Dr) and OUT( for Cr) method it's the easiest for me.

avonellcharles
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Please sir what is the difference between debit and credit in accounting term?🤔

mizeh
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Sir what about expenditure that will fall under types of accounts? I now come across your account also

wendyramlogan
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Capital is not always credited, sir. There are two types of capital account in partnerships and the generalisation does not account for one of the types. Remember, we have the fixed and fluctuating capital account and the usage is dependent on the organisation.

meriahsamuel
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Good Day, do you do tutoring (f to f or online)at a reasonable cost?please let me know.I am in mid 30s and planning to attempt this in CXC.

outofthisworld
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I came here to learn... Can't understand one thing in accounts class👀 with all the extra studies

godblesslady