i think i learned more about journal entries in this 7 min video than i did with my professor smh
@jerickcorea34584 жыл бұрын
HAHAHA same bruh
@victorbaltus1635 Жыл бұрын
Same
@Meh-el1ej Жыл бұрын
Same
@xoxashshasha6375 Жыл бұрын
I didn't understand sht from the tutor so i came here... So pissed rn
@tedrosfisehaye84911 ай бұрын
@@xoxashshasha6375.
@octaviomartinez34803 жыл бұрын
I’ve been in class for 5 weeks yet it took a 7 min video to finally help me understand journal entries...
@rachelg55583 жыл бұрын
I feel this in my soul hahaha that's why im here.
@willowpincura44646 жыл бұрын
I took accounting 1 two years ago and now i'm in accounting 2 and can't remember diddly squat. big help, thank you so much
@wh15p3r64 жыл бұрын
Been struggling with these entries for ages and now it makes so much sense, thank you
@edeline93648 ай бұрын
Me and u both I already failed accounting, took it again an was having a hard time.
@sychomadman6 жыл бұрын
Thank youuuuu.... *kneels and bows down* We have a quiz tomorrow and our teacher explained this in 30 minutes but, truth be told, I learned better here.
@joeycorsino31957 ай бұрын
I was about to write a question for No.4 , but I read the comment it was a mistake. Now, it's clear to me. Thank you.
@adis.68967 жыл бұрын
Thank you. This was a big help.
@mariaajanel90293 жыл бұрын
Thanks, however #4 is incorrect. $350 and you recorded $500. I thought the error was on purpose to teach us how to fix the error!
@MrFoxfire5102 жыл бұрын
I noticed that too, maybe we should become Auditors now? : D
@landerdemesa53086 ай бұрын
I thought it was advertising expense
@edeline93646 ай бұрын
Agreed
@user-pp8he7jc8k11 ай бұрын
Very well explained and well understood. Thank you
@kenkenken7765 жыл бұрын
Learnt from from this than 6weeks in uni tutorials and lectures
@fentahungebrie59284 жыл бұрын
Wow, intersting! thamk U very much
@ummarahmed15725 жыл бұрын
This video is great thank you soo much :).
@jaslesy4443 жыл бұрын
Thank you so much, Sir!😭❤️
@augustinevictor18228 жыл бұрын
Thanks for the clarification. Am new to accounting, it was a good video easy to understand, but the error got me confusing. Thanks for clarification. Please make changes so that others dont get confused. Thanks
@jeffreynava560411 ай бұрын
Slight check up. But did you end up pursing an accounting career?
@serbestakademi Жыл бұрын
Great video, good job.. Greetings from Istanbul
@nkululekkcibane4366 Жыл бұрын
i wish you had all the content . your video was helpful thank you sir
@marriejames013 жыл бұрын
Very helpful, Thank you!
@mojtabavahdati76483 жыл бұрын
Any accounting entry has a debit and credit. The debit would be to an asset account and the credit would be to cash or a liability.
@reneeschaubroeck1472 Жыл бұрын
In accounting 2101 in the trenches. But this video makes so much sence
@marwanhamed67684 ай бұрын
This video was very helpful thanks
@shahimpanjwani85472 жыл бұрын
great video thanks!
@muhammadmushtaq5188 Жыл бұрын
Thank you so much sir for your help ☺️
@brizzlo Жыл бұрын
Could you please do some revenue and deferred revenue examples/entries?
@kaggilloselijah55698 ай бұрын
Thanks alot for the lesson
@cecilthelittguy8 ай бұрын
Thanks you helped so much.
@AbdellaMohammed-kd3dy Жыл бұрын
It is good continue
@manolialoizou11603 жыл бұрын
QUESTION!! In no2 if we put bank instead of cash , is it wrong? Because i though that if the statements did not say that we do indeed use cash , we put the money on the bank
@nkululekkcibane4366 Жыл бұрын
what was the reason for doing 3.1 after transaction 3?
@batualkneldek68344 ай бұрын
Hours and hours of boring class just for this man to teach it under 7 min
@dh17133 ай бұрын
Thank you my brother
@shellterversales2566 жыл бұрын
Thank You 💞
@arnoldbalobal5243 жыл бұрын
That was an inspiring video! However, I was just perplexing, in number 4 transaction it's $350 and when you wrote it, it became $500. How could $350 became $500 so?
@kapetannemo Жыл бұрын
he made a slip
@landas09 Жыл бұрын
Because there are 4 accounts in number 3
@ShanelleHarris-hl8oo8 ай бұрын
I just watched the video 2x just to make sure I heard him right for questions number 4. I believe it was a slip up had me all confused lol
@gokay48874 ай бұрын
yep
@carlocarlo70972 жыл бұрын
Sir what is the journal entry for this, "Received allowance for defective merchandise" thank u.
@jobymathew40187 жыл бұрын
Sl no. 2 why we are not showing cash received entry, either from owner or as borrowing?
@augustinevictor18228 жыл бұрын
HI is there a mistake or i did not understand it right? For the 4th transaction you mentioned it as $500 for Ad expense but not $350 as mentioned in statement, Why? Please clarify.
@tallformyage8 жыл бұрын
I think that was a mistake. Sorry.
@pepichikako71225 жыл бұрын
I was about to write to him. I noticed it was a mistake👌🙏
@mofidulislam61615 жыл бұрын
@@tallformyage Should it read ADV Exp $350 (debit) and cash $350.00 (credit)?
@xindyrellamanila5564 жыл бұрын
@@mofidulislam6161 yes thats right
@cyberpunkchloe9 Жыл бұрын
Thank you Sir😍
@rosaliaquitorio41823 жыл бұрын
this is what Im finding😍
@TarkuGebre4 ай бұрын
Nice
@regenahawes31157 жыл бұрын
Compound and no entry's would help?
@ragoadrian11535 жыл бұрын
Why number 4 are 500 instead it should be 350.?
@princessjoycandano15474 жыл бұрын
Yeah! That makes me confuse.
@Hazardguysgolf4 жыл бұрын
Yeah was that a mistake ??
@desigamer16184 жыл бұрын
@@Hazardguysgolf it should be. was wondering the same.
@SaqlainHaiderSaqoo4 жыл бұрын
Yeah! You are right it should be 350
@balua532-creations4 жыл бұрын
That was sub journal of 3 rd bro
@bofa_dee_znuts3566 Жыл бұрын
It helped alot
@learnandgrowrich18995 жыл бұрын
Thank you sir
@catrinamarzado45604 жыл бұрын
Thankyouuuu
@jasminekaur51395 ай бұрын
make video on T accounts as well.
@ruqayaabd14454 жыл бұрын
Thaaannnk you
@chiaragratz90113 жыл бұрын
why do you credit cash in 3.1?
@Mariefrancegrsce5 жыл бұрын
Thank u
@youmnaashraf87114 жыл бұрын
business shit is hard bro
@fonga_barney5 жыл бұрын
Big help
@migsmarano994 ай бұрын
in no. 5 is it service revenue or service expense?
@questionresearch87213 ай бұрын
Thank you❤😊
@Shhajwashere5 жыл бұрын
thank youuuuu
@janreggydaroy41595 жыл бұрын
thank you
@benchmarkpharmacy95645 ай бұрын
Thanks for the tutorial. My question is, immediately after opening the business with 100dollar there is a purchase of 2000 for the car. In the workings you've assumed it's a cash purchase but where is the balance of 1900 coming from to effect a cash purchase? Please someone help me understand since cash came later after the car had been purchased on cash yet the only available cash in the business was 100, being capital....
@fds8784 жыл бұрын
THANK YOU
@avishkaprasanna85443 жыл бұрын
thanks sir
@bestofeverything8946 Жыл бұрын
how you sir invest a $100 in a business which your cash balance reduces and you debited and your capital which received the 100 that should goes up gets on credit side? Can you please explain as this the most things that confuse me in accounting??
@glasssmirror231410 ай бұрын
Tks sir for this useful information however, I suggest you re-upload this video as what you spoke is different from what amount written.
@glasssmirror231410 ай бұрын
Please @ 0:36 I did not understand the word Aqwi as you said { We have AQWI going up}.Subtitle is disabled for me to read.
@ludiogot1432 жыл бұрын
Thank you
@cheyennegardiner2598 Жыл бұрын
i like your video, but can you explain why you recorded number four as 500 instead of 350??
@tallformyage Жыл бұрын
It's just a mistake :) It was supposed to be 350.
@ukidding Жыл бұрын
what journals do you record the transactions in????????????????
@tallformyage Жыл бұрын
These are just basic examples that we are doing in the general journal. Special journals are a completely different topic :)
@TarkuGebre4 ай бұрын
Yes
@TarkuGebre4 ай бұрын
Work sheet
@savichemily4 жыл бұрын
doesn’t his voice sound like jim halpert from the office
@hamdani49043 жыл бұрын
The last number that is revenue?
@laniloveaj3 жыл бұрын
more examples. just sub
@hugomendez56255 жыл бұрын
thanks
@eugyyy022 ай бұрын
Why is #4 depited and credited with $500?
@warjunz4 жыл бұрын
Why is it that the journal entry amount for advertising was 500?
@warjunz4 жыл бұрын
It only have 350 amount in the transaction.
@shannonthomas9192 Жыл бұрын
Questioon entry was for 350 and not for 500. so is this wrong.
@tacticalguru64354 жыл бұрын
#4 should be 350 not 500
@TheMaro572 жыл бұрын
you said cash is going down and up at the same time..confusing...
@joshuabenedicto37435 жыл бұрын
how about.... the transaction like this COMPLETED A PAINTING JOB AND BILLED THE CUSTOMER P 4,800.OO?
@tallformyage5 жыл бұрын
Accounts Receivable $4,800 Service Revenue $4,800 AR is debited because the customer owes you money. Service Revenue is credited because you have earned the money even though there is no cash involved in this transaction.
@fernw.15115 жыл бұрын
Why you mentioned as Equipment Car it can be just Car or Car payable?
@eddier53875 жыл бұрын
Fern W. No it’s considered equipment because equipment can mean multiple objects but for this case it’s specified a car. You technically generalize.
@fernw.15115 жыл бұрын
Eddie R Thank you so much ;)
@chasniefaith39454 жыл бұрын
Ad expense should be $350
@livevideo8337 жыл бұрын
is there any trick for remember 3 golden rules of account (from India)
@prasanjeetghosh49696 жыл бұрын
you should go through modern rules that's easy as compared to golden rules
@TheresaPalma-yc2elАй бұрын
Question 4 is 350 and how comes you put 500?
@hassaanhameed5 жыл бұрын
Number 4 Entry was wrong by Mistake !!
@joyceiiybanez57754 жыл бұрын
The no. 4 should be 350 not a 500..
@chetankumargupta16066 жыл бұрын
Hey I'ave a question
@chetankumargupta16066 жыл бұрын
The question is " paid building rent Rs. 10,000 and half portion of building used for personal use of owner
@chetankumargupta16066 жыл бұрын
Plz give m answer
@tacticalguru64354 жыл бұрын
@@chetankumargupta1606 Rent account (rent paid) , Drawings account (rent paid for Personal use out of the business) , Bank account (rent paid by Cheque) Rent account should be debited (its an expense) Bank account should be credited (cash in bank is going out) Drawings account should be debited (its an expense)
@kozibakhuphe18152 жыл бұрын
Advertising an expense is 350 and you recorded 500
@ParallelMango2 жыл бұрын
No, I don't want him doing my finances as he can't even pay the correct ammont for advertising...
@birukButasha5 ай бұрын
don't clear number four ok
@green323turbo5 жыл бұрын
Why no column titles ? ... sorry bad video to ASSUME you know !
@dennygirl3454 жыл бұрын
Not balance 👎👎👎 Trans. # 4 is only $350 and not $500..😝
@warjunz4 жыл бұрын
True🤣🤣🤣
@EsmerinoNeto4 жыл бұрын
This video has a big mistake at 4th entire. It's should be deleted and updated. If you are teaching, double check your material or you will be judged for poor knowledge.