Double entry bookkeeping Example - Patrick

Further questions and links to videos are available on the following website:

[ashgriff]

You made this so straight forward and easy to understand! Thank you 👍

[cjud-id]

Brilliant, thank you so much. You have explained so clearly something that I was taking forever to understand.

[bungeadedeji]

Thank you, first time I've managed to totally understand the Double entry all the way to Trial Balance, I am delighted. Thank you so much. I've got a renewed faith in the course I'm doing and will move along.

[TheShadowFREEK]

Best video on double entry bookkeeping on Youtube!

[hanpham]

Thank you so much for easy to follow and understand tutorial. i have now understood the whole theory of Dr and Cr and Double entry accounting. you are a life saver for many accounting students!!!

[alfredkawambale]

Profoundly explained, easy to understand!
Thank you👌🏿💯

[sammie]

The best double entry tutorial in YouTube very helpful

[abiedullah]

You're a star! Thanks for making this easy😊

[gellnumbernine]

Hi there. Just a question. When you are balancing the Bank account the credit side adds up to 77, 250. You then need to make it add up to 105, 500 so you add the balancing figure of 20, 250 but that adds up to 97, 500 not 105, 500. This is where I am confused. I see that it adds up in the trial balance so I think I am just missing something here, can you please help? Thank you.

[sarahnikeologe]

That was amazing thanks i've learnt alot

[donadbliss]

Yes. When you were posting transactions in T accounts, an entry amounting to 8000 reflected in Patrick's bank account, but it disappears as you are closing the accounts.. Hope you notice what I'm talking about and reconsider

[Winterflowers]

Can someone plz explain why the transaction on 10 march isnt added on the Dr bank account

[zeldaprice]

Very good video love the examples he gives you.

[nyimasawo-vvtk]

I need your help to help me with my assignment please

[livinglikeralph]

Thanks for the video. Why is it that when you made sales (asset was received) you add the money on the credit side of sales account?

[gtheritage]

Why is it that for credit purchases and sales you are not using the 'payables' and 'receivables' control accts? I've never heard of named accts being used to record credit and debt before.

[livinglikeralph]

I am looking at some of my notes and questions. They have included another aspect which we haven't covered here.."cost of goods" can I go on without it and still get the same results without accounting for it?

[wanidayambasu]

Thank you very much it has help me a lot.

[mustafabukhari]

you might hav made a mistake u didnt add 8k that got debited to Adrian's A/Cin bank account during balancing the accounts.

[janiamontaque]

There was a mistake on the Bank account