Accounting Basics Lesson 3.1: How Does Double-Entry Accounting Work, What are Debits and Credits

Also, Daniel Dickson goes over an example of how double-entry accounting (also known as double-entry bookkeeping) works in real life.

[imgoodaname]

After watching several videos, yours is the only one that was clear and made sense. Thank you

[LadyToniHarrison]

Thank you! This was the best explanation of debit and credit entries that I've ever encountered. The "left-right" = "credit-debit" is the simplest way to remember what's what. I am subscribing to your channel and giving thumbs up on all your tutorials.

[SuperFlower]

THANK YOU SO MUCH! At last I get some understanding of debit & credit accounts after 30 years!! Thank you again.

[MarisaRenaud]

Thanks for another great lesson.
A tip for remembering credit and debit from their latin roots:
credit -> creditus -> "having been entrusted to"
debit -> debere -> "to owe"

[karencourt]

Finally someone said that debit means left and credit means right. I have spent hours trying to make sense of this. Thank you!!!!

[theresamalloy]

I actually just finished getting my accounting diploma from Herzing University .But wanted to brush up on a few things before going on interviews. Your video is so helpful. You make it very clear and easy to understand, Thank You !

[ginogg]

This is right on time. Just starting in accounting and I was totally confused by the textbook's explanation of double-entry accounting. I will definitely be watching this whole series. Thanks!!!

[Buzzardgirl]

Such a helpful video. I am applying for an internal job in our accounts department and I have to sit a videos are a god send!
Thank you!

[leegoree]

For a dumb person such as myself I learnt a lot within those brief mins. I will definitely subscribe and hopefully you can help me pass my class.

[DreamWorkDrive]

Thanks for uploading this video man! Very easy to understand with your examples and how slow and clear you speak.

[ernestuks]

EVentually I got double entry...Well done to you, very easy to follow and well structured. Thank you

[senesiernst]

your explanation was very clear and easy to understand, you could be a very very great. You simplified the basic accounting process

[jennacoomer]

Hello, I am in an entry level accounting course and my instructor very briefly touched on this important topic. Thank you so much for breaking it down!

[lonehrt]

Awesome job, you have helped my office staff understand the basic fundamentals of accounting in terms we can all understand. thanks

[udm]

You are awesome! I am nowhere related to accounting. I am a Clinical researcher by profession. But this 10 mins video made me understand the concept which i couldnt even after reading related articles for 4-5 hours. I am learning accounting as a hobby. And I feel i will have a great journey :)

[MrSolzr]

Awesome you would make an amazing professor, if every teacher was like you, the world would be a better place!(:

[PasanArunajith]

OMG thank you so much.. I watched whole lot of videos about accounting but this is the one which taught me something really.

[dandavies]

Thank you for putting your time into this, your a very good teacher! made it simple to understand, of which I couldn't get from my lecture or any text book. Very grateful, thanks.

[tavitapup]

WOW! you just taught me the basics of double entry accounting that 4 pages of my uni text book struggled to convey with simplicity! good stuff and keep up the the good work!

[fernandaubilla]

even with my poor english skills I got everything, you are the best, thanks!!