Accounting For Beginners / Journal Entry / Debits and Credits

Accounting For Beginners / Journal Entry / 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

[superlegendary]

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[CigarMusic]

Yes we want more videos like this. Please do more intermediate accounting problems for us. You help us, and we help you by watching your videos and more revenue for you!

[seashellyl]

I finally realized that essentially, debits and credits are used to record the increases and decreases in different types of accounts (ADE LER) and not solely inflows and outflows of money. I kept thinking inflow of money into the business = debit and outflow = credit from earlier videos and I got confused sometimes.

[slumkat_zillion]

🎉 I passed my accounting classes because of you. I would go to class, then look up the same chapter on your page! ❤🎉

[scottperry]

I passed accounting because of your videos. You're the best! You gonna keep the content coming? I'm no accountant, but I'm a data engineer and use you videos when working for clients that have finance questions. Any time I work with accounting data, I come back to your content.

[ragingskeptic]

D/C ADE LER was so helpful in my studies, and still helps me today! 🤣

[sewingseeds.]

I watched several videos trying to understand the debits and credits and the way YOU explained it was how I got it! You helped me so much and now I actually understand and I feel like I can continue to learn how to be a bookkeeper. God bless you for all your help. 👍🏼

[aircraft]

Thanks mate..4th round of spine surgery...Laid up, but ive got your channel to keep me moving foward...Many thanks.

[danastiltner]

All of your videos have always helped me so much and your constant sense of humor really keeps me engaged. Love all of your content!!

[elmaddinguluzade]

After watching the best playlist on youtube, I got so many accounting skills. On the other hand, I got so a lot of information about how to keep going forward from you, man!. Even sometimes Altough I have already been familier the topic, I waited the speech of end of the video. I can't thank you enough.

[duongpham]

This channel is so underrated. All the concepts are much more simple and easier to understand even though I don’t even speak any English. I used google translate btw 😂 Thank you so much for sharing!

[zoharizwan]

Thankyou so much for being who you are! :) May god bless you!

[katrichardson]

You're so much help to me!! Would you consider making a video breaking down journal entries for mortgage loans and the payments? I just started book keeping for a small business and that is the one thing I am struggling to grasp. Thank you!!

[edmolnar]

Great videos love the short formats. Learning more now than i did in my formal accounting classes in college. Keep up the great energy.

[debs]

Wow. 1 year ago. Are you doing anymore? I'm in England, just found you, absolutely amazing. We need Tutors like you over here. I fall asleep listening to UK YouTube stuff. You're super good. Do some more please 😊

[waqarahmed-cnmf]

Great work . i had finished today your Play list in almost 20 days and i learned a lot from science background. Thanks bro

[SIMPLYYOUMAKEUP]

Good explanation, love the energy, thank you for sharing.

[sharonmaphohosha]

Your explanation is basic and understandable, and you've gained a new subscriber.

[realexcaleb]

thank you so much you have made this easy for me 👍

[kriscarpenter]

I always enjoy watching your videos bro!!! Really helps in learning a ton. Also just curious to know if you can do more mukbang videos. I miss you doing them JD 🤙🏽