Accounting For Beginners / 3 Rules for Accounting / Debits and Credits

Accounting For Beginners / 3 Rules for Accounting / Debits and Credits

MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.

#Accounting #CPA #Business
00:00 Introduction
00:34 Debits on the left / Credits on the Right
01:10 Debits = Credits
02:41 Debits & Credits are not good or bad they just are

[daniellebailey]

I hope that you see this comment. Over the last few years you have helped me soo much more than the teachers at university. I graduated this May and sit for the CPA exam in August, Thank you for making these videos you are appreciated.

[joaquinochoa]

LOL! They call me two license...no they don't. LOL! They should call you "gold bars" because you drop bars and make gold bars by your grind. Holla! Your lessons help us make that paper also, Son. I call you Son because I want to see you shine like one. Holla! Thank you!

[bretquinn]

love the videos! I just had to accept D/C ADLER as fact and science and that's that. It's the math and science of accounting - when I accepted that, it made things a lot easier! None of my Acctg teachers told me any of this, so I learned a lot from your videos! thank you!

[laurentran]

I can’t thank you enough for your accounting videos! I subscribed your channel to learn since 2020, and I’m about to graduate from my Bachelor’s degree this May! I scored 100/100 on both Accounting classes I took. Thought I’d share this with you, your videos are inspiring! Thank you so much!

[yvyvieyl]

How about filling of payment voucher and payment invoice, can you teach us example how to separate, thanks

[harrytedford]

Got an exam coming up, ur videos help so much. way better then my prof

[kridstax]

Thanks again man for all your videos. About to finish my last accounting class and will always remember how much your videos have helped me get through school going through online classes at nights after work.

[evafranco]

I'm happy U got you got your real estate license. I've been licensed for over 12 years. If I can help in anything related to real estate, I will be honored to help.
I am your fan, I am an accounting student to become a bookkeeper here in Southern Ca.

[CigarMusic]

Your channel blew up in subs, damn. Last time I watched your accounting videos. You were at 10k subs. Yes keep dropping those accounting videos, talk about your life as CPA, any exciting accounting topics

[welikegoodies]

I say left for leaving, right for receiving when explaining it to anyone. It helped me when I was learning and I’m still learning 😂🎉💯👏😁