Accounting For Beginners #20 / Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses

#Accounting #Exercise #CPA

[hfortenberry]

I want to say that I have noticed that your white board has become more neat and tidy and you have been writing things down ahead of time so it's all written out before you start recording. I love that. It saves more time for the actual lecture/learning part. And I like the different colors you are using. Color always helps things stick in memory. Thank you.

[cypressoaksfarm]

Love your videos! They help so much, DC ADE LER man!!! Ok, where in the chart of accounts do I put the Draw aka withdraw aka distribution aka (Returns.).?? What kind of account.? I used to make it an expense account, which directly reduced cash. BUT, you said Draw doesn’t affect income/expense account. That confuses me because draw reduces my cash. Ok so IF It reduces Equity, should the Draw account be listed as an equity account? This all relates to understanding the K-1 and Schedule L / M-2 RETAINED Earnings. YIKES!!!

[CARLOTTAZAIREFerguson]

At last! Someone who can really teach this subject in layman's entertaining terms! Thank you!

[sheliasmith]

glad you are getting paid a little something from YouTube. you deserve it. you rock!

[Teewaree]

You are the accounting wolf!thank you.

[seneysean]

Ok. It's just a list of accounts.😂

[Anonymous-vbyv]

I don't even know why I'm learning these things at grade 7 and I'm just 12 :( it's stressful until I found this channel, he makes it easier to understand. :)

[fireflymiesumae]

We're not a gang, we're a crew 😂

[andreajohnson]

THANK YOU! Your videos are the only ones in the world that break down basic accounting for the non-accountant. I actually get it now! DC ADE LER is my friend!

[sarahb]

Your videos are the best, I can't stop watching them!! I start school for Accounting in the next few weeks and these videos have helped me gain confidence that I will have a bit of a head start and knowledge on the topic ahead of time to help me advance in my schooling!! I can't tell you how much I love your videos!!! Thanks soooo much for all the help!!!! :)

[Zulu]

bro this helps alot! keep making more vids i like how u teach!

[tshikaphohlo]

yo u look like john cena(you cant c me), anyway i love cpa strength especially us the non accountants, keep it real bra peace, from south africa

[kellydunn]

You like to make people smile, very nice =)

[LinahKamande]

I had a really hard time learning accounting but now it's easier and funnier and now i already wish you were my lecturer😂... Thankyou so much ❤

[jenchulichaeblackpink]

Can I ask why do companies need to create their personalized chart of accounts?

[yarikv]

Has anyone wondered what that book is yet? Do you recommend the book anyways?

[JingBaySiew]

I appreciate your explanations which make the concepts vivid.

[owlbeak]

love these videos. taking a principles of accounting exam tonight for school and you've made this snoozer of a subject entertaining. i'll be back for managerial accounting!

[percyfaraichangachirere]

thank you for your teachings, i am starting my first yer semester at the university and had no idea or clue about account but after watching your videos i am confident that i can do it. instead of paying tutor i am buying internet to watch your teachings. thumps up CPA STRENGTH

[Decrey-wkvp]

Just found your video and I’m here to stay