Basic Concept of Accounting By Saheb Academy - Class 11 / B.COM / CA Foundation

[@SahebAcademy]

⏱TIMESTAMPS 0:00 - Intro 0:12 - What is Accountancy? 3:03 - Accounting Process 5:06 - 5 Elements of Financial Statements 6:13 - Asset? 8:34 - Expense? 10:38 - Liability? 12:58 - Equity or Capital? 16:38 - Revenue? 17:44 - Practical Example 24:41 - What is Double Entry System? 28:47 - Debit and Credit Balances

[@yoyohoneysinghemiway6168]

Where is trading account and profit and loss account

[@piyushg4u]

Use more hindi please.. While explaining.. Not terms in hindi

[@snap19]

You're so kind to do all this for us....🥰

[@sapnascreativeworld]

Well explained... Thanks for sharing..

[@lakshmip.s.6959]

Clear explanation

[@shAdow_s0vEreiGn]

All you have explained and taught about the basic accounting for only 30 mins are the things I've learned for a whole semester back in my college days. Awesome

[@esmaelmohamed8209]

No one teach like Indian people, They are Inborn and polite. Excellent

[@sujansubedi3832]

I did my Master's in Professional Accounting, but never got to see a teacher like you before. Hats off to your effort man. You deserve more, Keep educating people.

[@vidyakulkarni6311]

Yes .

[@surajruchal4199]

Exactly, clear and to the point.👍

[@nirmalphotography414]

Yes of course. Wonderful teacher .

[@bhavyajain336]

vo course kara hai toh yaha kiya hai toh yaha kyo aayo ho

[@itzmeerkashmiriofficial0786]

​@@vidyakulkarni6311😊😅😅😅😅😅😅😅

[@ezekiela.ckoroma9490]

Ive just listen to 7 minutes of your video and im already amazed how simple and understandable you're making these things to be. God bless you man

[@shayak20]

You should definitely be awarded the title of 'Best Educator' on the whole Indian YT domain... with such simplistic resources, but super-premium content...!!! Absolutely outstanding... I repeat, on the whole Indian YT domain...!!! Accept my respect.. 🙏🙏🙏

[@ivorysuasula8273]

Before I understand nothing about accounting, now I love to know more accounting, his explanation is all I need.

[@amandap4545]

I took accounting classes, and work in accounting and didnt even fully understand. This is wayyy better than any teacher I have ever had. Amazing conent and teachings! 👏👏

[@shabrozkhan8076]

An engineer who is doing MBA in finance can understand the importance of this video... Amazing keep on updating ❤️

[@cathycathy6429]

From where are U doing MBA in finance ..which college?

[@aidasyahidahizzudin6525]

Yes. I agree with you. I am a MBA student as well. Nice to meet you! I am from Indonesia

[@hebao_maria4246]

I can relate 🥲as a pharmacist doing MBA

[@manojbaria6328]

Even in M.Tech in Civil, we have subject construction finance and accounting. And this is indeed very helpful to understand.

[@ramshipayyoli346]

@@hebao_maria4246 where

[@nimmyvp]

I am student of ninth and i was curious about accountancy, this is my first time watching about accountancy and it is crystal clear. thanks

[@user-lm7ik9vl8j]

Bap re 9th mein hoke vi itna junun. Ham to itna kbhi nhi pde vai😢😮

[@nihar375]

Very simple and easy explanation...one thing I want to add that is Debit comes from Debtor and Credit comes from creditor

[@iqraakram6898]

Your way of explaining is far better than our grumpy tutors who never clarifies basic termnologies.

[@deathstrke622]

Real Bro

[@strn1234]

Thank you so much for doing this. You don't know how much I needed this. Have a wonderful day!

[@williamduncan7401]

Why do you want basic terms being clarified? Instead of wasting valuable time, you can just spend your extra 10 seconds looking it up. Dictionaies, encyclopedias and so on do exist in this century. I do not need a 30-minute video explaining what the most basic terms mean! I can check this out with a simple search! Show me how it works instead!

[@emilypapillon]

Exaclty!!

[@vsk_bts]

Lol 😆 ... that's the bitter truth

[@punittube]

I have been confused with this basics for 4 years, yeah 4 years but thankfully i found this. Video and have cleared my doubts. Thank you 🙏

[@satyanarayanamurthy3914]

Very many thanks for the way you explained the concepts crystal clearly-- easy to understand and remember. I studied the basics 48 years ago. I watched the video just for timepass. The video is really interesting and absorbing even for senior citizens like me (63+) May the Almighty shower His choicest blessings upon you! BS Murthy, Hyderabad.

[@SahebAcademy]

Thanks a lot for your comment...It means a lot to me☺️

[@mymoneymyinvestments]

How come anyone can teach in such a simple way????.. incredible. Simply outstanding....no words to praise the guy...

[@leslierevi8318]

After going through so many videos in learning Accounting, your basic tutorial can be considered as one of the best videos I've come across...........

[@behappy1644]

Man!! Who are you my son. What a teaching. Amazing!! I am 34 yrs and a mother of 2 kids. I am basically a Bcom student 2007 passed out. I don't have knowledge in accounts. But I really wanted to be an accountant. So far my hope on myself is dead. To be very frank, ur video rocks, now I have gutts hope to face the world as an accountant... Thank you so much son. Stay blessed 🙏

[@PankajKumar-yo8eq]

Lol 😂

[@whiteguy6978]

😂😂😂

[@SubhashDoddi]

Your teaching is really amazing.... Thank you for your great efforts

[@douma1131]

🤣😂😂😂😂

[@preetidodeja5999]

Same here

[@kiritupadhyay5457]

I am sr citizen, b. A. Graduate. I want learn accounting from basic in current idle time. Your method of explaining is very good. Your English is also very simple to understand. This is my first attempt on KZbin to learn accounting. Thank you so much sir.

[@BananaHannaah]

Youre the best i needed a refresh to my memory because i have an interview for my first accounting job and needed this

[@SahebAcademy]

All the best for your interview 😊👍🏼

[@JosephExcellence-x3u]

Honestly this teaching is over exciting 😜 he teaches more than my accounting teacher when I was in school 🎒 thanks for more enlightenment guy 😍😊

[@samirshaikh4570]

Even my Account teacher has never explained me like this i've got understand every single thing that has been explained by you so thanks :)

[@varabondo0243]

Extraordinary presentation..... I have learnt this in 11th and 12 th standard.... Once again i have recollected after 7yrs..... Thanks so much 👍

[@dkshyam3023]

After a decade I got a teacher as like my wish...if you would be teacher of mine in our college..then I can score above 99%...thank you so much as you explained it very well 😊

[@Sabhpreet_singh]

i didn't understand accounting basics in my 2 hours of lecture by a college professor but you teaches me in 30 minutes only, i really appreciate it . thanks man

[@nambariPrashu]

0:00​ - Intro 0:12​ - What is Accountancy? 3:03​ - Accounting Process 5:06​ - 5 Elements of Financial Statements 6:13​ - Asset? 8:34​ - Expense? 10:38​ - Liability? 12:58​ - Equity or Capital? 16:38​ - Revenue? 17:44​ - Practical Example 24:41​ - What is Double Entry System? 28:47​ - Debit and Credit Balances

[@59.rekhatepritiprabhakar84]

1st time itna axcha tutorial mila hai youtube pr...jisme bore bhi nhi hua😍😍😍aud sab smz mai bhi aaya...thnk u so much sir....huge respect

[@SahebAcademy]

😊👍🏼

[@listner_musthak6361]

Hah a😂😂

[@YathishYYathish]

Hi

[@con-fusion3913]

The dislikes are from the teachers who can't teach like him lol. Edit: oh god the likes

[@shalinireddy8168]

Yes ur right

[@bharathipatel3136]

😂😂

[@yohannesgulilat4986]

PERFECT!!!

[@taniasen]

Hahaha well said bro..

[@Nassiiimunnnaaa]

Definitely yess😂😂

[@deboraharyeetey7785]

OMG, we need more lecturers like you. You made everything seem so simple and very comprehensible, in fact after every lecture in class I'll just come to your channel for better understanding. This was so simple and I have been stressing my head out.thank you very much

[@ayantusisay9009]

You are such amazing instructor thank you! I would like to say continue! & Educate generations.

[@savitaist]

Very simple yet powerful video. So much clarity in your teaching method. No big bet technical support, just pen and paper yet impactful.

[@OliveRich01]

in love with this.... Accounting has been a burden to me...I gat some hope of passing it now...thanks so much

[@rngamingyt9564]

Can you help me?

[@Aurora-ut1um]

i'm a STEM/science student for like the whole 6 years of my highschool life and my dream is to be an accountant. It means a lot that there are tutorial videos especially dedicated for ppl like me who really wants to take Accountancy despite the lack of background to it. It was very well explained compared to the other vids i have found early. I hope i could take this course and do well in it! *fingers crossed* TT

[@williamduncan7401]

If you want to be an accountant, I don't think you can rely on KZbin videos. In my opinion, you don't need any background either. As far as I understand, the job is straightforward, but just as a lawyer, you need to keep up with the latest regulations, practices, etc. which is something that many entrepreneurs just don't have the time to do, hence hire an accountant.

[@gretchenwetzel7313]

Thank you! The most helpful thing you have said is that there’s no reason for these rules. Coming from a science background, I was really hung up on WHY these rules existed and nobody could tell me… and thus I couldn’t logic my way through problems by applying underlying principles to the situation at hand (as you would in a STEM field exam). Even though it’s still a foreign concept to me to just memorize the rules and not the “why” behind them… you just pointing out that there’s no particular reason took a HUGE weight off my mind and made me feel way less stupid. I’m not sure if you said that for this reason or not, but that was so helpful to hear… thank you!

[@Jintianchiyu]

🆘That’s why as a business student I still performed very poorly in accounting…. I always kept asking why, if I couldn’t get the answer then I couldn’t move up the next stage😅

[@Charles-xc6sr]

Debit means inflow of economic resourse( cash) , credit means outflow of economic resource Debit is what is owed to the proprietor and credit is what is owed by the proprietor so cash being an asset, when it increses it becomes an inflow which is nomenclatured as debit. like wise an increase in liability say buying goods by borrowing money from saheb, which in this case borrowed money must be payed out in the future, so an outflow nomenclatured as credit. Hope this makes sense.

[@Nainai24047]

I've been a science student my whole life and decided to take a business course this year. This video is easy to understand and very helpful! I'm happy I found this video!

[@chirazbeldjoudi5384]

i had some difficulties understanding the credit and debit concept but with this video i finally understood!!! im so satisfied, i wish all the best for this teacher.

[@ajaymundhe__]

I'm from science background! And you have explain in an incredible way man! Especially your presentation skill is so unique!❤

[@Bhumika-xo1vy]

Hey!🙋🏻‍♀️Even I'm from science stream. If you're currently studying Business Administration, can you please tell me the major focusable concept for the beginning year?

[@yashmjain95]

This was a great video. I am from science background and never understood really the credit debit nomenclature for various elements. Now it is a bit clear. Thank you!

[@preciousannesanchez4483]

I love how you explained it smoothly! If my previous professors taught basic accounting this way, I would have understood it better 💗

[@Jmx9911]

I agree 🥲

[@jonathaneya8953]

@@Jmx9911 aooo

[@KufreOkon-fh5ij]

Accounting is a course I always been running away from. Believe me, I have given my life to accounting with your 30minute tutorials. Thank you so much ❤️❤️

[@debolinachaudhuri564]

I am a political science student who’s doing job in commerce field and was completely helpless with everything..got back the hope to do something in this field…you’re the best teacher who’s giving 100% efforts to make us understand ..Can’t thanking you enough

[@ugrasenajagadala9585]

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[@ugrasenajagadala9585]

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[@ugrasenajagadala9585]

Tometo. Kiran. Keasn . Sin

[@swarupabalaram8192]

Your way of teaching is neat and clear ,thank you 😊

[@sarweshware]

I don't attend classes in the present due to situations..but interest in me to study grows more and more with your teachings. Thank you so much sir

[@phanikirannimmagadda]

I should appreciate this guy for such simple, straight and lucid explanation.

[@reshmaroychoudhury3037]

God Bless U. Today I came across ur video. I m 43yrs old studied. Commerce student ur teaching stolen my heart kid

[@TuanTran-dq8ov]

Wow....the best accounting lecture I ever learned compared with other online sources. The instructor is very thorough, meticulous, and methodical. Half way through this lesson I immediately hit the Subscribe button knowing for sure I will come back learn more and it's way more effective than reading accounting books...thank you so much for all your effort!

[@omranashing]

Simply beautiful way to explain something. Really Impressed, I am an entrepreneur and accounting was needed to be understood because of startup requirement. Got it cleared in 40 mins. Those cards really do the magic.

[@umakanwar]

The best video. When we have complete knowledge of something, we teach our best. You are perfect. You are the best. By listening only once I am able to understand. Thank you.

[@anjalanazreelibrahim6752]

Very helpful, I'm science based, now trying for CMA, your classes are just like blessings, thank you so much

[@muskmadness1]

I am just 6 mins into this video and already loving the explanation. As a student who took PCM and computer science in 12th, then switched to English literature in college and now pursuing MBA, this video is a blessing! Thanks for this : )

[@modelmetalmart5062]

U r the teacher sir. this is the teaching hatts of you

[@fridahwanjiku7139]

So refreshing to get such information. You are a great instructor. Thank you

[@MonsurChowdhury2]

Currently, I am in canada. You are explaining well than my professor here and yeh I've switched from science so these things are new to me. Thanks for making it easy. Regards

[@sushovita3842]

i am a student of pcb...but thinking to do bcom ....a little weak in maths and dont know abt accounting .....should i go for it....please help

[@saitama4410]

@@sushovita3842 Yes, Accounting requires basic maths, not too complicated to learn. Go for it.

[@olorunfemibernard8855]

You just explained a full textbook within 33mins. Bravo to you. I have subscribed to your channel 😘

[@Rngoud-g8j]

Thank You Very Much for Giving us KNOWLEDGE & Your Explanation Was Very Impressive

[@pratyush.learning1]

I am a science background student and now i am doing CS , just for to develop my own account skills i was searching for a video and i found this playlist. OMG ... Such a great teaching ❤ hats off 🎉

[@sudarsanbala415]

One of the best tutors of accounts in KZbin. Thank you for neat explaining & best wishes for ur future. I subscribed to this channel for ur clear explanation.

[@Vickphillips]

Omg this video is so explanatory you deserve an award!!! Thank you for the amazing videos you make

[@siphoncube6835]

This is very helpful, especially for someone like me who has a science background. The basic definitions now make much sense to me. U have my gratitude.

[@MOONJOTV-1]

After 7 year i got this video you are the god of accounting...so simple.

[@ristayulia9900]

I really like the way you explain, ur english made me addicted. Keep it up!

[@bhoomika_kashyap]

You're the best accounts teacher I've come across. I'm a science student doing bcom now. I was feeling really difficult with accountancy. I didn't even know the basics. You're videos are helping me a lot. Thank you soo soo much ❤️

[@AnmolMishra946]

I am also a science student going to do BBA is it going to be difficult? Or should I go on with engineering?

[@gauravrmisar]

U r not alone 😎

[@thorshafeeq]

Yes, he is a very good teacher i also got everything.

[@priyankaghosh2948]

Is it possible that one had science stream in 10+2 and pursue a b.com degree in college?

[@AmitKumar-so5mw]

Where are you preparing your other subjects of bcom from yt.

[@geetslearning7367]

We have spent 2 year of schooling to learn this...but u have made it clear in just 30 min.. Thank u sir for Ur effort of making this video ... 🙏🙏

[@gurimannan6288]

Sir when I see ur video I feel much relief ...ur videos are excellent ......😘😘I have no words to explain

[@SahebAcademy]

Thanks 😊👍🏼

[@nabeelpp5274]

5 Elements of financial statements is “ALICE” A for Asset L for Liability I for Income C for Capital E For Expense

[@nilushafernando1310]

Wow, this is amazing, I know nothing about accounting. I have a test tomorrow.... You are saving. Thankyou

[@peteraaron6714]

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Lucy Mary Liam

[@hamlucas2467]

Wow I'm just shocked someone mentioned expert Mrs Lucy Mary Liam I thought I'm the only one trading with her

[@bensonarmstrong7287]

@@hamlucas2467 You don't need to be shocked I'm also a huge beneficiary of her trading, she has been handling my account for months now

[@isrealalter5313]

I remember starting this journey with half BTC but in 14 months I have made 17.8 BTC form days and swing trading with expert Mrs Lucy Mary Liam.

[@CelestineGatley]

Ever since I lost my job with the ministry I have been surviving through my investment with Mrs Lucy Mary Liam, I'm so glad I invested when I did

[@jordanmorris9663]

I met her in a conference in Washington DC and after her speech I was opportune to meet her and I started investing, I'm happy today because of expert Mrs Lucy Mary Liam

[@suneetavagiri4422]

Just great Teacher. The way u explained Just fantastic. Thank you is small word. God Bless YOU with HIS ABUNDANT KNOWLEDGE.

[@prabodhamadhubhashini3556]

Thank you so much for teaching this in a way that a beginner can understand. I am so happy that I found this channel finally 💓💐

[@Shortmiss456]

I have been going to school every Wednesday since September. It's now December exams are next week. This video has made me understand more than I have since September.

[@raviruthdiaries]

I am a bba graduate 2016 was working in kpo. I desperately wanted to be an accountant... but due to years of gap. Forgot many things. now, your flash card makes it seem easy . And I may become an accountant by your help ! Thank you

[@JkJKHTK]

Thanks a lot. I have this in grade 10 and I had difficulty understanding this. U helped me.

[@panujah5809]

Stunning explanation!! I am currently self-studying for AAT, and your video is a lifesaver!! Many thanks!!!

[@sumipegu2864]

You ,re best account s teacher

[@shellyannhenry3833]

Wow, such clarity!! Thank you so much for your help!

[@piushsingh1354]

You're explained very beautifully❤❤❤ thank you very much more than 10,000times ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

[@mohsinaafroz1136]

thank you for such a wonderful class........support from Bangladesh (watching it in 2024)

[@ethereal946]

Thank you for not using hindi and using a more universal language instead.❤️

[@Padhnaacchalagtahai]

What is problem with hindi

[@Gupta-b7c]

@@Padhnaacchalagtahai even I don't understand hindi completely why bcz my surrounding people are speaking in my mother tongue n few are in English

[@pranitachettri5405]

Thnk you sir .. Your teaching skills is so Rewarding ... I really need this video ... I am coming from arts background but I want to make my career in accounting and finance ..❤️❤️ Lots of love from darjeeling ❤️❤️

[@nsdisha311]

Hi can u put me your phone number iam also need a drawing plz akkei

[@bhumivlogs23]

Hello mam I am tried to speak in English please tell me how to speak fluent English please

[@adarshkharat2628]

Iam from science background and it helps me so much thank you sir ❤️

[@everythingwithiap1570]

Best video I am locked in for accounting

[@motimekonnen1224]

I'm from science background! And you have explain in an incredible way man! Especially your presentation skill is so skill full!

[@peace5684]

Love how you explain so much better than tutors online. Glad I come to your channel 👏

[@raniraonivi6787]

Me too glad to came

[@soorajm7557]

Very good classe

[@purvikaanand3194]

Dude! This was lovely.✨🖖🖤✨ You're very good at this. Cheers! - Purvika Anand

[@shaiksufiyan4490]

Thank you soo much,am form science background this vedio is really helpful,you thought us not like a teacher but a very close friend

[@ambatisrikanth1476]

Me2

[@sangavilogampal9310]

Me too

[@kanika_2372]

Hey so u doin bcom after science?

[@shivarajudm4445]

I have done my PG but your are the best account teacher I have ever come across keep doing vedio like this......

[@purnaram1948]

Best channels for Ca foundation and concepts in inter-saheb academy. Ca inter-Studyathome channel free classes whole taxation along with amendments

[@padmavathiv2768]

Superb , ur teaching way .... Everyone understand easily....

[@kandharp1]

you are great teacher... God bless you for teaching us so much with all your efforts and hardwork. May all your dreams come true.

[@sivasampath4065]

Recently i have completed my 12th and opt BBALLB course sir. your video really helped me a lot to build a basics of accounting sir as i am totally new to this thank you so much sir!!Thank you.

[@SahebAcademy]

Study well dear😊👍🏼

[@ashgameryt4481]

Which college bro?

[@mr.angry1233]

Omg, amazing teaching Hat's off to you sir👏👏👏👏👏

[@AzeemKhan-xp1is]

This is what I was looking for to revise my basic understanding of Accounting, Explained very well. Thanks for such content.

[@omkarpujari5515]

Yea I understood your teaching than my college teachers. Yea yea 😂😂

[@hectictrolls6176]

He explains with more proffesional language i liked it

[@valenteantonioruiz1084]

Love it. Very excellent presentation of the very basic concept of accounting. It's well explained & all tackled from Definition, the Process & the Elements of the Financial Statements. It's a must to know & to understand the Basics of Accounting.

[@vasusiripireddy1779]

You are the best Trainer as I ever seen , I just requested a basic accounting training, but immediately you responded and Instagram provide the link. Thank you so much, bro. Your help.😊😊

[@SahebAcademy]

Thanks for the appreciation!😊

[@wargokul]

i am so greatful that i have come across the channel.. I am preparing for sebi grade a and most of the subjects are from ca inter sylabus ...your way of teaching is exceptional as i am a science student and i am understanding everything.. Request you to pls take a look at sebi grade a general sylabus and try to make videos of accounting if you can..i know this is a lot to ask..

[@wrestlingyt5319]

Thank you for this video ✨✨

[@SahebAcademy]

☺️👍🏼

[@Naghul3]

Yaa it was very very good And the presentation level just stunned And good English too Loved with your English man ❤️

[@attractive_voice85]

@@SahebAcademy I'm your biggest fan sir 😍😍😍😍😍😍❤️❤️❤️❤️❤️❤️❤️❤️

[@sathwiknaik854]

Roman Reigns will loss the match 😁😁

[@mr.prince6454]

@@SahebAcademy bro is CA is about financial investments Haa

[@binitagiri1829]

I am a science student and decided to study BBA in bachelor. Its been already 1 month i have been joining my class but i understood nothing😶. Thankyou soo much for this video❤. All my doubts are clear now😊. Will be reading more from your channel. And lastly, the way of teaching is justt wowww✨

[@staykonicdeobidesu9010]

omg me too.. i decided to take bba even after doing science for 11th and 12th... tbh im really nervous abt whether i'll be able to cope up once college starts... especially since its online classes

[@k.v.s.manikumar2649]

In Which University You Are Doing BBA Madam

[@mahinfatma3925]

Same here

[@amithamadhu8590]

Thank you sir. I got new ideas from you and i understand very much easier. Now i am in 12 cls but i don't know the basics. I faced lots of difficult situations. So now my difficulty gone. So once again thank you , i learnt it in the simple method.

[@jorgeguerra5475]

Thank you for this video. I have a bachelors in Business Administration and my foundation in accounting was horrible. I appreciate what you do.

[@bhonujaiswal9762]

You explain very well sir .... tnku🥰🥰🙏🙏

[@SahebAcademy]

Thank You😊👍🏼