Learn Accounting in 1 HOUR First Lesson: Debits and Credits

The ultimate video for new accounting students to learn basic accounting principles and accounting mechanics. This video assumes you know NOTHING and by the end of it, has you reading fortune 500 company financial statements.

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[PitaPatz]

Its 3 am, I randomly found this video. I have no plan to become an accountant but here I am taking notes.

[kelechinwachukwu]

i have done a whole month of accounting without learning shit and this guy used one video to teach me what i needed, amazing

[lizrivas]

I've been re-reading this chapter for my accounting class and wasn't getting it. This guy takes 20 minutes and it all makes sense, much appreciated.

[thebabscast]

I like the way you talk to the audience like we are idiots, because i am an idiot

[Bakedchats]

Past accounting 101 with basically no help from the text book, lecturer, course notes or anything else. Purely passed because of these videos and the app. So glad I found this.

[benja]

Accounting

Accounting for transactions




Recording Transactions: AKA Book Keeping


in Double Entry Accounting. Each Transaction has a:
A) Debit
B) Credit

The terms mean something different in accounting.
5 types of Accounts:

1. Assets= have
2. Liability =owe
3. Equity=worth
4. Income= Record receiveng money
5. Expenses = Record spending money

[treborhg_]

You just taught me what takes 4 months for my professor to teach in school

[ALLMONEYMINDSET]

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. It is positioned to the left in an accounting entry.
A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned to the right in an accounting entry.

[sweetea]

46 years old and want to learn this... Time is ticking🌞❤

[joelpabuaya]

Sweet, short, and very concise! People like you who take time to make videos like this to help others are nothing but extraordinary. Kudos to you, sir!

[rochellebauer]

God bless these videos. My financial accounting professor hardly teaches anything. He gives worksheets without any instructions.

[wade]

This type of instruction just shines the light on what a scam college tuition really is.

[edeeyaljohnson]

Mrs Anna is legit and her method works like magic I keep on earning every single week with her new strategy

[barbieg.]

I have no experience in Accounting whatsoever. I've spent a ridiculous amount of hours on YouTube, watching so many videos regarding Basic Accounting, following numerous links to other sites, notetaking like a mad woman, and still didn't make sense to me at all... Even though it's been a few years--THIS VIDEO IS RIGHTEOUS! THANK YOU!

[thomass]

I am now almost graduating with ACCOUNTING and i have taken 9 accounting courses so far and i still dont understand a lot of it this video had helped me a lot. thank you

[camroth]

Learned more in this video than 4 weeks of class. My exam is tomorrow lol.

[M.Almatawa]

finally through all videos i have been watching in YouTube.. a decent teacher

[RickAlonso]

Great video. I learned more in 20 minutes than I have in one semester of undergrad. Thanks!!!

[jolynnroberts]

This is great! I have been performing & managing financial statement analysis for years, but was asked to take an accounting test for a job interview. Concerned that a 'generic' test was going to blindside me with old school terminology - watched your videos as a refresher. Your presentation and clarity are amazing :) Thank You!

[Thevidjou]

If i saw this video before my first accounting class, I could have saved a lot of my time. easy and lucid.