Debits and Credits Explained | How to Pass Accounting Class | Accounting How To

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Debits and Credits Explained | Accounting How To is an accounting tutorial explaining the difference between debit and credit in accounting. It explains the rules for debit and credit and how to use debits and credits in T Accounts. And it provides a refresher on the accounting equation that determines if an account should be increased or decreased on the debit or credit side of an account based on normal debit and credit balance rules. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of a playlist series called How to Pass Accounting Class.

⏰Accounting How To time stamps:

00:00 Hilarious accounting joke 😂
1:52 Debit and credit meaning in accounting
2:12 Debits and credits in accounting
2:45 Why banks debits and credits are backwards
3:11 T accounts debits and credits

🎥 How to Pass Accounting Class Playlist

🎥 Basic Accounting for Business Owners Playlist

🎥 Understanding Financial Statements Playlist

🔥 Smoking Hot Deal!

📚 Get Caroline’s books on Amazon:

Strength in Numbers: Fast and Easy Accounting Basics for Business Owners

Solving the Cash Flow Puzzle: Practical Solutions for Common Financial Problems in Your Business

🔗Associated Links

Caroline’s Amazon Author Pages:
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Need help understanding accounting? Join Caroline Grimm and her sidekick Terrance over on the Accounting How To website at accountinghowto.com. We did your accounting homework for you. You're welcome. 🦖🦖🦖🦖🦖🦖

AccountingHowTo
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I adore your videos! I'm using them for review before I take intermediate financial accounting in the fall!

Susan-
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thank you for this video it really brought so much clarity and im so grateful

carsgo-pu
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You have helped me so much! Thank you!

CandeeRunkel
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Thanks a lot ma'am.
My basics are being taken care of by your videos.

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