ACCOUNTING BASICS | FUNDAMENTALS OF ACCOUNTING |RULES OF DEBIT AND CREDIT | COMMERCE SPECIALIST |

This video from Commerce Specialist is on Accounting Basics. This video explains all the fundamental accounting terms, it also explains the basic accounting equation, the meaning of Assets, Liabilities, Capital, Income/Revenue, Cost and Expenses.
This video also explains the rules of Debit and Credit. How to use the rules of Debit and Credit and their importance.
Numerical Examples are given to show how to calculate Gross Profit and Net Profit and the difference between Gross and Net Profit.
Examples are also given to show how Profit or Loss is adjusted to the accounting equation.
This tutorial/lecture video is very relevant and useful for students of I. Com, B. Com, O Levels, A Levels, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Link of my previous videos:
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IAS 7 Statement of Cash Flows: • Statement of Cash Flow...
Accounting for Receivables: • Accounting for Receiva...
Ratio Analysis • Ratio Analysis | Finan...
MBA VS ACCA • BBA V/S ACCA | MBA V/S...
Capital Budgeting / Investment Appraisal: • INVESTMENT APPRAISAL |...
Viewers and students can contact me on [e-mail] or email me at [e-mail] or whatsapp me on [phone].
#accountingbasics #basicaccounting #accountingequation

[@tanwiralam7016]

Sir I am a commerce graduate of 1991 and a master in management 1993. Presently GM of a company based in Kuwait, but still watch your videos and enjoy it. It feels so nice to revisit, what I studied in late 80s….!!!😊 Great sir keep it up. I have advised my daughter to subscribe your channel and watch all your videos, as she is planning to take commerce in 11th std and aspiring for ACCA. Thanks

[@VenkatMalai-q3q]

Thank you so much Sir we got clear about basics of Accounting I want to learn more about how to prepare a income statement and Balance sheet of Trading account and also calculating of depreciation on Assets please

[@CommerceSpecialist]

Those videos are already on my channel

[@ademyussuf5193]

"Thank you for being such an inspiring teacher! Your dedication to your students and passion for teaching is truly remarkable. You have a unique ability to make learning enjoyable and meaningful, and I am so grateful for the impact you have had on my education. Keep up the amazing work!"

[@CommerceSpecialist]

Thx a lot my dear🙏😊👍

[@lindalind514]

Best of the best. Thank you

[@CommerceSpecialist]

Thx a lot dear😊👍🙏

[@mahamquraishi4439]

Thanks a bunch sir for the fantastic video

[@naseemsulaiman5492]

The thing that inspired me about you Is you are simple

[@CommerceSpecialist]

Thanks dear

[@gifty12345]

Best teacher I have come across

[@CommerceSpecialist]

😊👍❤️

[@pakistaninternational.9855]

I m very enjoying your imparting knowledge. I love that.

[@CommerceSpecialist]

Thx dear

[@SJS001]

❤❤❤ The Best Teacher

[@abhijithKanhan]

The best teacher ❤❤❤

[@CommerceSpecialist]

Thanks a lot

[@zameerhaq9142]

Absolutely brilliant, love it , highly recommended to my student ❤

[@CommerceSpecialist]

Thanks Zameer🙏👍

[@twalalmohammd8028]

Thank you sir

[@adewaleadeniyi7253]

This is fantastic. I am from Nigeria and planning to start ACA. I was so happy to have came across your video. I will continue to follow you. Your simplicity is the key. Thank you

[@CommerceSpecialist]

Thx dear

[@Beha-dg9jx]

I apprieciate your teaching style in the previous lesson, so keep on!

[@CommerceSpecialist]

Thx dear

[@abdirahmanmohamedsheik3607]

Thank you sir. You made it easy to understand

[@ishaqalzadjali1173]

Thank you very much. It was short and sweet. Very useful basics.

[@saffiatubah7723]

Thank you so much sir, you the best👍

[@CommerceSpecialist]

You are welcome dear, thx

[@mahamquraishi4439]

Sir, please make a video lecture on CMA marginal costing with make and buy concepts.

[@tieds1]

Looking forward to join you in live classes sir.

[@CommerceSpecialist]

Great!

[@jyothimeenakshi1293]

Thanku so much for the explanation sir can you please post videos on journal entries and also vertical and horizontal analysis.

[@CommerceSpecialist]

Video on general entries is already on my channel, pls chk. Thx

[@anitawopa4600]

Hi Sir, I really appreciate your lession on this Basic Accounting. It really made me to understand the concept of the débit and crédit rules and the 6 éléments of Accounting. Also did you already have à vidéo on how to prepare statement of Comprehensive and of Financial Position. I would love to know more about this. I'm in my first semester of CPA. 👍👍👍💯💯💯🇵🇬🇵🇬

[@CommerceSpecialist]

Thanks dear Anita. All the best in your CPA journey

[@anitawopa4600]

@@CommerceSpecialist Thank you

[@HabubaHams]

its very clear but when we treat cash as capital ...or it is always asset?

[@ahmedrafaa273]

Can I have video on Financial statement / reporting

[@CommerceSpecialist]

If you could be more specific

[@anshafk4934]

I was a plus two science student and even i can understand basic accounting in just 1.5 hours. No words sir. Absolutely brilliant👌👌👌

[@CommerceSpecialist]

Thanks a lot for ur kind words.

[@virajmundada5322]

How to buy your lectures?

[@mdgoodsall9026]

G.e sir m b.com 2nd year ka student hu hindi medium se so sir hindi medium me bhi video bnaye

[@CommerceSpecialist]

Ok dear