Debit and Credit Explained | Accounting Basics

[@Counttuts]

How to easily Remember DEBITS and CREDITS | Simple Tip: kzbin.info/www/bejne/lXKuoHadhNGHmdk

[@thembisylviakhumalo7025]

I thought accounting was hard but watching your videos changed my mind, thank you so much. 😊

[@KeilaCanico]

Thank you very much, you are helping me a lot. I had never studied Accounting in my life, until I arrived in an English country and they told me that they study Accounting. I didn't know anything until my teacher explained a little about CRJ and CPJ. She introduced me to you and you cleared my mind. Thank you very much, thank you very much. May the Lord bless you! 😁

[@Thandoluhle-i1s]

It's my first time doing accounts at university and l can see that watching your videos will take me somewhere

[@jeank4188]

Good is just amazing..... He brought me here just when I needed it. Praise His Holy name

[@MANDISAPAMELA]

After watching your videos my grades have gone Up 😊😊 he is the best lecture

[@lyghun651]

You made it soo basic and understandable, thank you soo much

[@kachinfya7092]

Makes so much sense. I am enlightened

[@SekhaleMaponya]

i did not study accounting at school but now i'm able to understand thank you sir

[@natashabritz1477]

Love your simple explanations

[@thotloetsomankita9329]

You're such a good explainer❤️

[@naiko304]

Thanks you bro, you are such a great teacher ☺🙏❤💯

[@jeromecarreira7926]

do accumulated depreciation values go to the credit side? also can you do a video of liquidation of a partnership? you explain things so well i have greatly benefited from your videos.

[@kimberleymataure5356]

Thank you, this is amazing

[@stevehursh9997]

Why is the word "debit" used to indicate an increase on an account, when the word actually means "to remove" or "take away from" just like it is used with a standard bank account?

[@Counttuts]

Those are just names of the two sides in accounting. You will also note that the debit in accounting books signifies an increase for assets but for the bank statement it is the opposite. We explained why here: kzbin.info/www/bejne/fZvNp4lnmbp-qNk

[@PriscillaMulenga-iu6vx]

I will clear this course and I will come to testify

[@molebogengmotshoane8]

Very helpful thank you

[@ultramindset_Elias]

thank you l gained much from this

[@boazmakori3000]

this is an awesome explanation..thank you so much

[@lerole365]

I never thought i could understand account 😪.Thank you so much i think i'm an expect right now 🔥😁

[@justme-yj6ck]

Wowww this is amazing good job

[@gladysibhafidon5167]

Wonderful explanation

[@NdumePenehafo]

Thanx for you teaching us

[@pashpole1065]

Well understood thank you!

[@preciousmonoketsi2414]

This is very helpful

[@luhmikefr]

U r the best

[@sneakysnake4671]

Thanks man - really helped.

[@drbailey9349]

I learn a lot from this, thank you so much

[@jadynebolenge3976]

Thank so much

[@innocentthemba6266]

rewarding lesson, please help why expenses are debited? as for the debit side we record incoming money.

[@jeffpets2155]

You can use the rule PEARLS+C So on the debit it is P-purchases,E-expenses ,A-assets On the credit side R-revenue(income),L-liabilities,S-sales,C-capital So the according accounts increase when they are put in their initial side.Expenses will always increase on the debit side but will decrease on the credit.The initial place for expenses is on the debit side because we often buy things for households or businesses which increases out expense and expenses decreasing doesn'tsound that right .Income is recorded in the credit side btw

[@oagilwetlalang9132]

thank you alot sir

[@marilyn6445]

Thank you very much

[@thembamthimkhulu2870]

Very informative. I have learned a lot.. Thank u so so much...

[@sadfacts6837]

Ur a legend ❤

[@justonemorepagethahirareez7068]

Thank you🍻

[@Heidddyy]

Thank you !!!

[@LesegoMatseke-x9r]

Thanks for the support ❤❤

[@kiduaalute603]

Thank you

[@rosayamanduo6758]

Thankyou so much,but only the depreciation and acc .depreciation I'm not understand clearly

[@lanza_tia8509]

No you really good thank you

[@yadhirinderparsad4198]

Hi, can you please do a video on partnerships and cash flow statements

[@Counttuts]

Hello there, we already have a video on cash flow statements here kzbin.info/www/bejne/i3Wpen-ChMmNq8U. Will do some videos on partnerships soon. thank you for the suggestion.

[@JacobciirDeng]

Do you have some videos for columns cash book

[@rabipiri3845]

Pls explain what is to debit or credit an account? For example pls debit or credit my account. Is debit plus? Is credit minus?

[@rabipiri3845]

Hi Some books say: Assets = Equity + liabilities whereas others put is this way: Assets= liabilities + Equity. I'm confused. Whenever I analyse a transaction I start with assets--- equity--- liabilities. Which way is correct?

[@JohnSuleiman-w7g]

Am interested it sir

[@ziyandaskade401]

please assist, I am confused now. If the expenses and drawings are debit and recorded on left. meaning if the business pays rent (expense) does that not affect the bank? my understanding would be to record as follows Bank on minus on debit side and debit Equity also, Income is an asset? why record on credit?

[@royalty2924Love]

If the money comes from the bank to pay the rent then that reduces the value at the bank so therefore the bank has to be credited. Assets, expenses and drawings increases on the debit/left side but when they decrease, they are credited/right.

[@KatlegoMedupe-r6k]

Please explain general journal😢

[@AlumbweChibangula-ob9gv]

How can you know that a debit has increased or decreased

[@CRE8TE]

I get confused with why liabilities are under credit instead of debit?

[@eddymatta1393]

where do you put a rebate or discount ?

[@celsiusfahrenheit1176]

audio volume is too low

[@AmahleMangomezulu]

Can you please help me

[@imajiblessing9520]

Post

[@elizabethinilapli7181]

Please try to speak louder...

[@KatlegoMedupe-r6k]

Please explain general journal😢

[@gamersprecinctludo8857]

The General Journal (GJ) is all the transactions in a chronological order. It just shows the records of all financial activities or transactions in the order that they occurred. You will then create sub-ledgers from the information provided in the GJ, i.e. Inventory, Capital, Bank, Accounts Payable, etc. The General Ledger is the book where all the sub-ledgers are combined. That is how I understand it...