In making this video, one of the terms that I found hardest to define is "Economic Benefit"... if you have any alternative definitions to the one I gave I would love to hear it :) 🔗USEFUL LINKS ▪Debits and Credits Free Quiz → accountingstuff.com/blog/debits-credits-quiz ▪Debits and Credits Cheat Sheet → accountingstuff.com/shop/debits-credits-cheat-sheet ▪Debits and Credits Practice Questions → accountingstuff.com/practice-questions/debit-credit-question-pack-1 ⏱TIMESTAMPS 00:00 - Intro 00:39 - Debit and Credit Misconceptions 00:55 - What are Debits and Credits in Accounting? 01:22 - What is Economic Benefit? 01:48 - Which Accounts are Debits or Credits? 02:35 - Is Equity a Debit or a Credit? 02:46 - The Maths behind Debits and Credits 04:09 - How to Remember Debits and Credits 04:33 - Recap
@amytucker83356 жыл бұрын
Another great vid! I look forward to the rest of the series
@AccountingStuff6 жыл бұрын
Cheers Amy, working on the next one as we speak
@bestintaste47086 жыл бұрын
It really good. I m eagerly waiting for more videos to cover every topic.
@AccountingStuff6 жыл бұрын
Thanks! I am working on the next one as we speak :)
@muskandakuda75725 жыл бұрын
The definition for "Economic Benefit" was comprehensive and easy. I guess giving an example to fully put it across would suffice. The example I can think of is as follows: Supposing I am an ice-cream manufacturing firm, I will have to buy assets like machinery and a freezer so that I could manufacture ice-cream. Other than those, I would have to buy ingredients like milk and flavours to make ice-cream, and eventually make money by selling them. Here, the components that I use give an economic benefit to the firm. The machinery and freezer contribute to the firm indirectly, and the ingredients contribute directly.
@robertovalle6553 жыл бұрын
WOW, I paid 60,000 in grad school getting my MBA and this is the first time I actually hear somebody explain it clearly... My business school professors could never explain it this easily
@AccountingStuff3 жыл бұрын
Cheers Robert, hope it's making sense for you
@ibrahimhikmat26647 ай бұрын
Very sad really...I can totally relate!
@AquariusM95 ай бұрын
Agreed
@aggieterry83013 жыл бұрын
I've been told : PEARLS Debit: Credits: Purchases Revenue Expenses Liability Asset Sales Thank you James, your films are very good and make much sense :)
@cobra83102 жыл бұрын
this is right but it is repeating the same thing, purchases are classified under assets . On the other hand sales is the same as revenue
@lizjane134910 ай бұрын
I also got told Pearls but I don't think it's getting down to the real crux of what a Debit or Credit is or entails in quite the same way as Dealer. I think if you're capable of understanding Dealer then Pearls is a little bit vague.. or that was my feeling about it. I also got told that DR is money leaving the business and CR is money coming in, but this isn't fully accurate.. so it all feels very contradictory. I kind of think there is no escaping the higher level topics at a basic level as it all feeds into one whole, or the tree as this channel describes it
@maromancem3063 ай бұрын
That is applicable to Inventory under IAS 2
@kaydee34072 ай бұрын
The tree of knowledge of good and evil .. Credits and then debits Ye shall surely die of its fruits.😂😂😂 Partake of the fuits if commerce ye shall be surety to its debt
@umatyagi9935Ай бұрын
@@cobra8310 purchases are classified under expenses right , not assets
@TheDudecof3 жыл бұрын
Einstein once said "If you can't explain it simply, you don't understand it well enough." This guy obviously gets accounting My professor on the other hand...
@AccountingStuff3 жыл бұрын
Wise words from a wise man!
@sapsalingpusacattalkmaykwe15562 жыл бұрын
Agree!
@is0latedplays4532 жыл бұрын
Meanwhile my teacher pretty much just skipped the class and divided us into a group saying there will be a coach and you will learn from them
@diyema34342 жыл бұрын
@@is0latedplays453 Lol.
@tevitamoala95112 жыл бұрын
Bro same 😭
@himanshunathani86004 жыл бұрын
I'm a novice in accounting, and was struggling to understand basic accounting equation. I've jumped on so many videos and references and ultimately lost all sanity. THEN I saw this video. 5.44 mins of listening and I got my sanity back. THE MOST CLEAR AND PRECISE. NO BS. AMAZING!!!!!
@AccountingStuff4 жыл бұрын
Thanks Himanshu, it's great to hear that Debits and Credits are clicking for you. All the best :)
@JaveriaYousuf4 жыл бұрын
I've been studying accounting for 2 years and none of my teachers could explain it this clearly. THANK YOU James.
@AccountingStuff4 жыл бұрын
No worries Javeria, hope it's making sense for you
@henaramparsad98934 жыл бұрын
True! He did an amazing job 😍
@coolcollins5854 жыл бұрын
Javeria Yousuf ikr
@wardasaeed38464 жыл бұрын
CA or ACCA
@-s21653 жыл бұрын
2 years? this should be taught in the first lesson no?
@ChocolateBubbleSkater6 жыл бұрын
I'm an accounting major and these are some of the best explanations I've found. Good work
@AccountingStuff6 жыл бұрын
Thanks John!
@Austin-wh4yi5 жыл бұрын
what are you looking at debit/credit videos on your free time? Such an accountant thing to do.
@vernardinajunio88904 жыл бұрын
Can you teach me more?
@SuperJack02084 жыл бұрын
this is really good man!
@ikramulhaq45713 жыл бұрын
Sir how i cant contact you?
@ClaytonDerby Жыл бұрын
CREDIT = SOURCE DEBIT = DESTINATION That is ALL I needed to fix my confusion. Thanks!! D stands for destination (debit) and the source gets credit for their resources. that is how I will remember it. haha
@FeanorSociety. Жыл бұрын
Been inn accounting for about 3 years and I feel silly because this very basic and simple stuff still gets me confused. This has helped me a lot! I appreciate the work you put into this man!
@qwjk19 ай бұрын
how is accounting like? Currently in year 8 and everyones telling me to become an accountant
@Smidgenism4 жыл бұрын
Just casually learning about accounting in the quarantine times (this is 4-month desperation behavior for an unemployed artist), and this concept was the first major stumbling block that made me think I wasn't cut out for it after all. Not only did the video finally get the concept to click for me, but the comment section full of proper accounting students who felt similarly has made me feel better for not getting it 😂 Thanks!!
@AccountingStuff4 жыл бұрын
Hey there! Sorry to hear that you've been having a rough time. Good on you for learning accounting voluntarily! I hope you find it useful
@kagithkagith2 жыл бұрын
This man proves that accounting is fun! I'm currently learning double-entry bookkeeping with a learning provider that can't explain anything properly, so these videos are a godsend!!!
@bluecafe509 Жыл бұрын
Why didn't somebody just say that: "Destination" and "Source". I almost failed accounting in college because I thought credit was "given to me", and debit was "taken from me".
@Beef-mutton-chicken-oh1wz2 ай бұрын
Same with me
@sasa37122 жыл бұрын
I've been studying accounting for 4 years and non of my teachers could explain it this clearly. THANK YOU SO MUCH
@simphiwendlovu75165 жыл бұрын
where have you been all my life?! Finally, thanks to you I GET IT.
@AccountingStuff5 жыл бұрын
Haha, no problem... I'm glad that it's clicked for you!
@pyrospark41674 жыл бұрын
Honestly this 6 minute video taught me more than my Professor has in 6 weeks.
@sechubemalatji36502 жыл бұрын
Thank you for your videos James, bless you. I'm an MBA candidate and I was doing Accounting and financial management last quarter - I got my results today and I passed my exam through using your videos and other material to practice.
@user-ms2qp1gg2p11 ай бұрын
Hey, I am new to accounting. Please tell us what other accounting materials helped you. Thanks
@nala7658 Жыл бұрын
I have a unit assessment on Friday and was struggling with doing this via home learning with no one to explain. Watched this twice and think you should be writing our course manuals. Can’t thank you enough, subscribed.
@Matt-ne7mu5 жыл бұрын
The editing and camera work on this video is amazing! It makes it so fun to watch!
@AccountingStuff5 жыл бұрын
Thanks Matt!!
@coolcollins5854 жыл бұрын
Matt Eng ikr true all others videos with actual white boards are like so boring😂
@evelynalice76903 жыл бұрын
Go shop with @Darkfeet7 on telegram he is the best he has been helping me with card for about three months,
@sunitadas80684 жыл бұрын
I've always had a difficulty understanding accounting, and you've done some good work for me. Keep helping me all the time. Subscribed! 💛
@AccountingStuff4 жыл бұрын
No worries Rumi, I'm happy to help :)
@georgia4ie594 жыл бұрын
I wish I found this channel when I was in grade 12!! There are some amazing points and clear definitions. I love the time splits. Keep up the great work
@AccountingStuff4 жыл бұрын
Thanks Georgia, cheers for your support!
@jordanbean47067 ай бұрын
I am a student in my senior year majoring in finance. I have taken 4 or 5 accounting classes at this point between the 200-400 level and I have never felt like I have had a good grasp on accounting terminology. This video explains the subject in a such a simple way its mind blowing. Thank you very much for this series.
@AccountingStuff7 ай бұрын
Great to hear you found it useful! All the best with your studies :)
@baueraltynbek2 жыл бұрын
As it was suggested earlier by other commentators, James should teach most of professors how to teach Accounting basics. Good job, James! May your hard and creative work only benefits everyone learning this subject and inspires you for best results! Thanks a lot!
@joelmacdonald83325 жыл бұрын
I literally had to start writing this down as notes in my booklet, well done!!!
@AccountingStuff5 жыл бұрын
Cheers mate! I'm glad that you're finding it helpful!
@babyjhudiel185 жыл бұрын
I did too!
@MauriceArwa4 жыл бұрын
me too
@vanillendosimau74863 ай бұрын
I study in one of the best universities in Ireland and all it took was this one video for me to finally understand debits and credits....... God bless this man
@AccountingStuff3 ай бұрын
Great to hear it's clicking for you!
@kevinmunyon84922 жыл бұрын
As someone who works in public accounting, these videos have been fantastic to look back to to kick the dust off the brain. Thanks for the videos!
@HeyFutureUs64 жыл бұрын
I was having difficulty wrapping my head around when an account should be debited or credited and this just solidified my understanding in 5 minutes. Thanks very much!
@AccountingStuff4 жыл бұрын
Great! No worries, glad it's making sense
@melissamarcoe16814 жыл бұрын
This video helps me LOADS!!! I'm so grateful I stumbled upon this! I can finally feel a little more in my accounting classes! Definitely will be watching more
@AccountingStuff3 жыл бұрын
That's great to hear! All the best with your studies
@ericalappatt511810 ай бұрын
I can't believe that I didn't watch your videos sooner, James. Made me understand 5 years of mind boggling concepts in 5 minutes. Keep up the good work.
@AccountingStuff10 ай бұрын
That's great to hear! Glad it's making sense now
@jelsei Жыл бұрын
after almost 4 months of working as a trainee accountant i FINALLY UNDERSTAND THANK YOU SO MUCH i have a really important exam on thursday for my qualification and you have singlehandedly made everything just click in my brain and its so silly but i'm tearing up because the workload of my job and studying has been immense, especially since i work nights at a fast food place for extra money so i don't have as much time as the other people in my college class and i am so so happy thank you so much
@Elle--lc7ep2 жыл бұрын
Posting here in 2022...just wanting to say that your videos cover more and provide a better understanding than more traditional, stuffy courses I have taken in Accounting. I am making a choice to broaden my career horizons by going into Accounting (and before anyone says I am crazy, you need to check out two of his videos that actually gives very good reasons why you SHOULD pick accounting as a career - and why you should not - because hey, it isn't for everyone, but that is besides the point). Anyways, wherever you are now, hope you realized what a positive impact you're making and have made on people and continuing doing this in some capacity.
@franceslionheart3 жыл бұрын
Hi James, I'm currently studying for two finance and accounting tests, and I just want to say thanks so much for making high quality videos! You really know how to teach all this accounting stuff!
@AccountingStuff3 жыл бұрын
No worries, hope they go well!
@liil_genius4 күн бұрын
5years later & this is still the best video there is on the "Accounting Equation".
@AccountingStuff4 күн бұрын
Great to hear it's still useful :)
@Anonymous-sk4jm3 жыл бұрын
I am currently an Accounting and Business Management grade 11 student here in PH. Due to the pandemic, I am on modular/self-study mode. This video helped me about debits and credits since I already have an accounting subject. Your discussion is not complex and completely easy to understand. Though your video was made 2 years ago, hence, it is very helpful to students like me. Thanks a lot😊
@AccountingStuff3 жыл бұрын
Glad you found it useful, all the best with your studies!
@sky_30233 жыл бұрын
I really think your video should be played in every accounting course! So many of us seeing this video now really wished we saw it sooner when we were studying!
@AccountingStuff3 жыл бұрын
Glad you enjoyed it! All the best with your studies :)
@georgeem98673 жыл бұрын
i studied international business management and had to accounting courses that i never understood lol. i graduated this june and i am very lost by which directions i should do my masters. i have a gap year and i decided to give accounting a try and i am going to watch all your videos. currently on the 2nd one and man you are making me love accounting. really appreciate your videos, thanks man :)
@AccountingStuff3 жыл бұрын
It sounds like you have some big choices to make. Best of luck with it all!
@sandimarielavati23543 жыл бұрын
Martinez is legit and reliable Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack . Contact him on +12013507159 via WhatsApp Mail him on martinezraber@gmail.com()
@zebeast2068 Жыл бұрын
Already learned more about accounting in this video than I have my entire semester at college. Will be binging your videos to catch up for my final. Thank you!
@funwithtuniАй бұрын
I'm a commerce student studying in grade 11, but I lacked clarity on the concepts of debit and credit.. Thank you so much for clearing my doubts and misassumptions! I'd definitely like, subscribe & recommend your videos. Your doing great and keep it up!
@AccountingStuffАй бұрын
Great to hear it's clicking for you :)
@FaathimaKhan5 жыл бұрын
As someone learning accounting for the first time, you really made it concise and simple to understand. You have all the qualities of a brilliant teacher. Thank you and please continue making these videos!
@usama73013 жыл бұрын
I'm studying accounting & finance in my first year, and this video has actually helped me a lot. I've only watched it once so I haven't fully grasped it yet, but this explanation made me look at it this way: The source is x, what do you do with x? If it causes the economic benefit it's the credit. And whatever is on the other side is the debit. Again this probably isn't the best way to look at this. But I had nothing to work with. Just sheer confusion to how to distinguish a credit from a debit.
@roookieaedy21 күн бұрын
Omgg this is extremely helpful. I’m paying my study loan to understand the whole accounting thingy AND none of it is easy to understand. Yours are simpler and easy to comprehend!
@AccountingStuff20 күн бұрын
Great to hear you found it useful!
@brandonsanchez3258Ай бұрын
5 years later and you saved me! Couldn’t get my head around this! Thank you!!
@AccountingStuffАй бұрын
Great to hear it's making sense :)
@obaidabdoola1840 Жыл бұрын
i wish i knew wtf was going on
@kanzenDo13 жыл бұрын
You teach better than most college's teachers. We need better teachers. Thank you very much for the video
@AccountingStuff3 жыл бұрын
Thanks for your kind words!
@cactusgirl6819 Жыл бұрын
You will never know how much easier you made my life with this video😭❤️ Thanks to you I finally understand why revenues are recorded as credit and expenses are recorded as debits. Earned a subscribe for that!
@jaegar1nine2662 жыл бұрын
Thank you sir! About to get a job in accounting/admin, needed this for refresher. You rock!
@trumanway37635 жыл бұрын
🎵debit on the left, credit on the right. Debit left credit right, debit left credit right.🎵did Angelo’s learn that I’m their accounting class
@seddportugal25643 жыл бұрын
You would make an awesome professor in Accounting
@akifapatel63452 жыл бұрын
1) Debit ehat comes In, credit what goes out. 2) Debit the receiver, Credit the giver. 3) Debit the expenses and losses, Credit the incomes and gains. The above are 3 main rules of debit and credit.
@michaeloconnor11642 ай бұрын
Hey James you're great! I'm taking Florida Business and Finance exam to be able to get a trade license . You're keeping my attention and you're really good at changing it up to keep me focused. I have to study all kinds of things financial. Thank you sooo much!
@AccountingStuff2 ай бұрын
Thanks Michael! All the best :)
@harshakumavat62664 жыл бұрын
I am about to start AS level accounting. Honestly a lot of this seems pretty alien but it's alot clearer than some other stuff I watched. Your videos are great!
@AccountingStuff4 жыл бұрын
Thanks, good luck in with your studies!
@minvs6 ай бұрын
How'd your exam go?
@markwile27135 жыл бұрын
Taking my first accounting class, it has been a humbling experience. Thank you for sharing this video, it has been most useful!
@AccountingStuff5 жыл бұрын
Glad you found it useful!
@hamserhead342210 ай бұрын
Thank you! I’ve learned more from you in the past 30 mins than from reading my accounting book for the past five weeks!! You are awesome 🎉
@AccountingStuff10 ай бұрын
Great to hear you're finding these useful!
@brittwilhoit Жыл бұрын
I cannot thank you enough for these videos. I struggle so much to read the text book because it is so dry. These videos actually hold my attention and help me to get the information I need to get through this class. Thank you thank you thank you.
@AccountingStuff11 ай бұрын
Glad you're finding them useful!
@user-uo7uc4mq2j5 жыл бұрын
u r a genius in explaining stuff i will recommend this channel 2 my friends
@AccountingStuff5 жыл бұрын
Thanks mate, that would be awesome!
@SittinBull3 жыл бұрын
you explained this better in 5 minutes than my college class did in weeks lmao
@abdulmanan34436 ай бұрын
my 4 years graduation from university was failed to explain this..which i learned from you in minutes..thanku is little word for you..lov❤
@AccountingStuff6 ай бұрын
Great to hear it's clicking :)
@richardpicard48242 жыл бұрын
The tip DEALER totally helped me understand debits/credits completely. You are so awesome James. I hope your channel continues to grow.
@AccountingStuff2 жыл бұрын
Cheers Richard, glad you found it useful!
@shukyx72035 жыл бұрын
You are such an excellent teacher.
@AccountingStuff5 жыл бұрын
Thanks!
@andretuazon4 жыл бұрын
I think Im in love with you. Thank you for putting effort into this. Helps a lot. Production is WOOOOW!!!
@AccountingStuff4 жыл бұрын
No worries Andre, I'm happy to help
@francedeguzman5103 жыл бұрын
The source and destination explanation really helped a lot! I'm on my second Accounting class and I still couldn't fully grasp the difference until this video. Thanks, James!
@AccountingStuff3 жыл бұрын
Great to hear it's making sense! All the best with your studies :)
@tenlongfingers704 жыл бұрын
Me: Hey Teach are there any easy ways to remember what goes to debit or credit? Professor: Well, you just gotta memorize it. Sorry. This guy: DEALER
@AccountingStuff4 жыл бұрын
Dealer is a winner!
@hershfam3 жыл бұрын
during one of my lectures a slide came up with "DEALOR" on it, the teacher said " oh dont worry about that it wont be useful, we'll skip it". Now its way clearer. the source and destination explanation helped a ton
@charliebrassey66314 жыл бұрын
literally saved me from failing my degree. thank you
@AccountingStuff4 жыл бұрын
No worries, hope you smash it
@jaaanglez97662 жыл бұрын
the information you presented is very clear and concise and free!! thank you!
@AccountingStuff2 жыл бұрын
Thanks for your feedback :)
@jk999192 ай бұрын
I am an engineering post graduate studying business administration in York University. I found your video when i was preparing one of my assignments. you made it so clear that i could understand it and will never forget the balance equation in terms of debits and credits.
@AccountingStuff2 ай бұрын
Great to hear it's clicking for you!
@jk999192 ай бұрын
@@AccountingStuff Your video links were posted in LMS portal of York University, Toronto, Canada.
@AccountingStuff2 ай бұрын
@@jk99919 That's cool!
@kaydee34072 ай бұрын
@@AccountingStuff Just a doubt .. Can we see owners equity as a loan to the company.. So its a liability as well but to shareholders ... And the dividend is paying the cost to the source that the shareholders loan ??? Am i write in thinking that
@kaydee34072 ай бұрын
Can we see..the equity equation as Equity ( liability to shareholders) As owners equity that privides PRESENT benefit to the shareholder ie dividends .. ( Owners equity - divident ) Plus Future benefit of the shareholder which is the future liability of the company person to its shareholder .when it closes down ie Revenue - expenses which gives rhe value of assets to be distributed in future to the shareholder .. ie( Revenue - Expenses ) Is future liability to the shareholders So equity = PRESENT liability to shareholder (OwnE - dividend) + FUTURE liability to shareholder ( Revenue - expenses witch is the assets ) EQUITY = P.EQUITY + F.EQUITY (ASSETS)
@amaljeeson37866 жыл бұрын
Great video... keep making more... I am from India and your videos help me a lot to understand the basics...
@AccountingStuff6 жыл бұрын
Thanks Amal! I'm so glad this helped you out. I am working on more right now, should have another up next week.
@ershadnadiro72934 жыл бұрын
DEALER. You’re a champ
@AccountingStuff4 жыл бұрын
Cheers Ershad
@kyleduplessis014 ай бұрын
Have just watched about 4 of your videos. I am first year college student and am doing accounting for the first time as one of my modules. I am so behind and lost in class, and the lecturer sucks at teaching and explaining things. You have taught me so much more in the past 30min than she has in the past 3 months
@AccountingStuff4 ай бұрын
Great to hear you're finding these videos useful!
@Nuti19964 ай бұрын
James you're a legend!! The way you explain everything plus the quality of your video makes it appealing to watch it.
@AccountingStuff4 ай бұрын
Thanks, glad you found this explanation useful!
@treemane05 жыл бұрын
Thank you for making such amazing content
@AccountingStuff5 жыл бұрын
Thanks buddy!
@shubhadeepdas71916 жыл бұрын
Sir please keep making video on accounting subject
@AccountingStuff6 жыл бұрын
Will do! I have just put out another on T Accounts and am working on more as we speak
@chefmayi703 жыл бұрын
Currently doing an online course and you explaining that Debits and Credits is more like Head and Tails rather than good or bad makes my life so much better. Thank you.
@AccountingStuff3 жыл бұрын
Glad it's making sense! Best of luck in your course
@Max-ld6gq2 жыл бұрын
I just spent TWO FRICKEN HOURS reading a textbook that tried to explain this in the most convoluted way. And you did it simply in the span of 5 minutes and 43 seconds.
@rsmohini59226 жыл бұрын
fantastic
@AccountingStuff6 жыл бұрын
Thanks, I'm glad you enjoyed it!
@jdfuller14834 жыл бұрын
This is straight up about to save my grade
@AccountingStuff4 жыл бұрын
Hope it helps!
@roderickhou41122 жыл бұрын
Now, this video has really gotten me super clear about the concepts! My professor almost didn't explain this. Thank you for the video!
@AccountingStuff2 жыл бұрын
Great to hear it's making sense :)
@lckcyy4 жыл бұрын
Yes ive finally get it screw my classes i love this much more
@AccountingStuff4 жыл бұрын
Woooo! Nice one
@williamferguson81475 жыл бұрын
Can you go into a little more detail as to why exactly a dividend and an expense is a destination of an economic benefit?
@mtgnewbie25445 жыл бұрын
Agreed
@AccountingStuff5 жыл бұрын
Hey William, in my recent video I give a better explanation of this -> kzbin.info/www/bejne/a4qWqJ1-Ypuafs0 Have a watch of that and let me know if it still isn't making sense
@brookehoveysaccount7 ай бұрын
james, i am a struggling acct. student and this was SUCH a fun way to solidify my learnings. straight up LOVE this, you're nailing it.
@AccountingStuff7 ай бұрын
Thanks for your lovely feedback. Best of luck in your studies!
@brookehoveysaccount7 ай бұрын
also love that you are/were a fellow vancouverite - stay warm 🤞🏼
@AccountingStuff7 ай бұрын
I'm in Australia these days. But I miss Vancouver very much!@@brookehoveysaccount
@gutierrezabraham89202 жыл бұрын
Such a comprehensive manner of explaining something obvious just in about minutes, we appreciate your work here!!!!!
@milbxbycol94264 жыл бұрын
In my case, remembering DEALER is so much easier because I am Colombian
@sk_zaid_zaidkamurdeen93174 жыл бұрын
then u are pass
@dbuc46713 жыл бұрын
this made me lol
@shubhadeepdas71916 жыл бұрын
Sir i am from india ......
@rayaneben39543 жыл бұрын
Just one word : incredible. You are super hero of Finance field
@AccountingStuff3 жыл бұрын
Thanks :)
@eduskateacademy48447 ай бұрын
OMG this has confused me so many years even after a degree and a year placement. I would get it right but I didn't fully understand it. This is the best explanation ever. Especially the debits destination and credits source part. THANK YOU!!!
@AccountingStuff7 ай бұрын
Great to hear it's making sense!
@irinaandjoshuajavaheri96266 жыл бұрын
Love this! Keeping making more.
@AccountingStuff6 жыл бұрын
Thanks! I'm glad you liked it. I am working on the next one as we speak.
@brucejones19624 жыл бұрын
Someone posted this guy *@Darkjacob* on *telegram* yesterday and I tried him he is real..thank you very much for this help full information about the credit card with high balance 💯
@abobakralkubati53184 жыл бұрын
In a nutshell: Debit what you get, credit what you give . debits=destination credits=source
@brucejones19624 жыл бұрын
Someone posted this guy *@Darkjacob* on *telegram* yesterday and I tried him he is real..thank you very much for this help full information about the credit card with high balance 💯
@creativecranium83 Жыл бұрын
THANK YOU!! This helped me so much. I was just told "You'll just have to memorize it, I don't know what else to tell you". I was struggling with this so much and this video saved me!
@jingkim97952 жыл бұрын
So helpful and DEALER is such a clever way to help memorize the equation. Thank you so much!
@xXnoproblemshereXx4 жыл бұрын
About to go into a lab, pray for me brothers
@AccountingStuff4 жыл бұрын
Best of luck!
@jeangomez41914 жыл бұрын
this is just a random comment but you look a lot like the football playet Thorgan Hazard lol. But great videos mate
@AccountingStuff4 жыл бұрын
Haha, funnily enough you're not the first to say this. Wish I had his football skills!
@brucewayne40362 жыл бұрын
I have a super strict teacher who is a jerk some time and strange but he is one of the best teachers he explains something and everyone understands it
@OgoDance3 жыл бұрын
I've read a whole chapter from my accounting book about it and I didn't understand the concept. I saw 5 min video and I got it straight away. Thank you.
@AccountingStuff3 жыл бұрын
Hey Karolina, I'm glad it's making sense!
@Angelica-pu3dq4 жыл бұрын
Im still so confused, ugh!
@evelynalice76903 жыл бұрын
@Darkfeet7 on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance💯
@Angelica-pu3dq3 жыл бұрын
@@evelynalice7690 ?
@giovannibloom64333 жыл бұрын
What are you confused about exactly?
@yazhinikrishnamurthi3 жыл бұрын
Hey mate! I'm an English major and took an accounting elective. I've been struggling a lot until I found your channel. Amazing stuff. I've learnt more from your videos than I've done in class the past 4 months. Thank you so much!
@AccountingStuff3 жыл бұрын
Hey there! Great to hear that you're finding these helpful. All the best with your studies :)
@sa_mtira5 ай бұрын
By far the most simple explanation of these concepts I've ever heard, you're a legend👌.
@AccountingStuff5 ай бұрын
Thanks, great to hear you found it useful!
@jujube58283 жыл бұрын
Omg! I cannot thank you enough!!! I do not have a background in accounting, but I am studying basic financial concepts applied to healthcare at the moment. I have been reading through my accounting textbook and course notes for days now and only getting more and more confused. This has helped me soooo much!
@AccountingStuff3 жыл бұрын
Glad it was helpful!
@TheOriginalNikkiSerenity Жыл бұрын
I appreciate your visual so much. It never made so much sense to me and I’ve been in accounting a very long time and still struggled with these. You are a gift to all those that are visual learners.
@abhiklovesbadbitches4 жыл бұрын
mad how you managed to fit in so m8ch information into 5 minutes. my professor took 3 50 minute classes to do the same. big up 💪
@chandanakv26842 жыл бұрын
Oh my god ! I am glad my mentor suggested your videos. I had to do so many scrolls to put a comment . But it's totally worth it. Thankyou for making it so simple n easy.
@SydneyVilakazi2 жыл бұрын
I did Accounting from 10th - 12th grade and I wasn't really a fan, little did I know I'd involuntarily encounter it again in college; I'm doing my first year in Bachelor of Business Administration in Logistics and Supply Chain and I have Accounting for this entire year as one of my modules and in Learning Unit 2 we have the Accounting Equation and Double-Entry, and the concept of debit and credit has often dribbled me but it took just one watch at this video and taking down notes to grasp it. Thank you.
@bartgee61783 жыл бұрын
This is the best explanation of debits and credits I’ve ever heard. And I’ve been perpetually confused by this stuff. Making the complex simple. Brilliant!