Accounting Equation | with Debits and Credits | Explained with Examples

[@ntandomhlanga7123]

I thought accounting was hard, but this time I am getting there though.

[@Jordicfit]

AMA pass, cabanga bio

[@austind.walker3173]

Yhoo This guy is so helpful, I can feel the distinction

[@pumpkinpie2141]

Thank you so much. I finally understand the accounting equation 🙏

[@Hurvy_Lau_0256]

Thank you so much, I have been struggling with accounting equations but now all my questions have been answered ❤

[@othusitseonthusitse3536]

Hey sir,l just want to inquire In terms of the equation,no.4(effect on creditors control) l don't understand why we put the _ sign becoz l literally think that when we,as a business pays out our debts,it should be a + sign since it's on credit

[@asandemsweli6826]

Thank you sir now I'm able to understand Accounting equation it's became easy for me to know it

[@ntsakisikhubayi3989]

Please record a transaction for returned goods, make the sale then it is returned. Where do we record returned or rejected goods?

[@janemoepi2346]

Thank you so much I wwll understood everything. One thing that confused me on the second transaction on day 8. I used 25000x30/100=7500. I then minus that 7500 from the original sales amount which gave me R17500. was I wrong to use this method, because now our answers aren't the same...

[@Counttuts]

This lesson should help: kzbin.info/www/bejne/bIPIo6p8eZatd9E

[@leratosibiya406]

I enjoyed this lesson. Big ups to you Sir 🎉🎉🎉

[@miguelinav7648]

I love when he says “ credit “ 👍

[@onyedikachidanielboyleokwa7377]

Learnt a lot, Thanks

[@Rightcore]

learnt a lot thank you

[@rufaromatongo947]

Thank you very much for the video its very clear. may you also make a video on VAT Contol accounts. thanks

[@mphoselebalo347]

Awesome stuff. The explanation is very clear.

[@thandekamceleni8238]

Thanks a lot informative

[@NthabisengMafaesa-kp4oe]

Thanks for sharing knowledge.

[@yuvangovender6283]

Thank you for this channel.

[@GeorginaRobert-wb4gn]

What if they ask to identify the transaction with the accounting equation.? How will i do it?

[@clarencechishaka7792]

man thanks you really helped me

[@Onerealnanagala]

Pls I have a question In the third example when you were accounting for inventory you put it under credited, for which I'm confused, cause I thought Inventory was an asset which I thought would go under account debited

[@othusitseonthusitse3536]

Hey there,l think l can be of assist,the reason why we credited the inventory was becoz it was going out of the business(it was sold).. U get the jinx? And if we hav had bought it,it was then that it was goin' to be debited

[@Counttuts]

Correct :)

[@ntsakisikhubayi3989]

Please record credit approval for a client. If we approve credit but the client has not yet spent the money

[@avishkaprasanna8544]

lot of thanks sir

[@ntsikaymakay8]

Thank you very much

[@dawudmurjan6859]

Thanks 🙏

[@steffe9051]

Where’s perpetual video I can’t find it that’s why am not getting well this lesson

[@sesilianashongo3559]

how can i put this in the account equation? Receive the telephone account for January 2021, R1 680. this account was only paid in February 2021?

[@shonisaniramukhuvhathi6580]

Thank you 🙏

[@nalakazizodwaomhle648]

Trading stock and inventory same thing

[@christinejohns4596]

Understandable

[@KEdits090]

Thanks ❤

[@AngelNontempile]

Thank sir❤

[@isaacgray7042]

Thanks

[@Kinganime830]

Pls give us an exercise

[@enathisineke5104]

may I have your link

[@Rightcore]

i subbed you as well

[@tumeloramoshaba-v2t]

❤

[@doublearoncas8782]

If an expense is a + on the debit side why did you record a -2000 for advertising? You’re technically adding 2000 to the expenses. It may be because you don’t have a column labeled expenses, I’m not sure but it’s confusing the heck out of me.

[@doublearoncas8782]

I’m also thinking in terms of a corporation, you may be instructing accounting for a single member llc or proprietorship.

[@othusitseonthusitse3536]

Hey there I think l can be of assist,the reason why they put _ 2000 on the equities was becoz in general terms,the expenses decrease the equities.l want u to understand this: Owners equity is increased by income n capital n is decreased by expenses n drawings

[@MakaGagoNEGOSYANTE101]

Sir 25000X 100 / 130… where did you get 130?

[@othusitseonthusitse3536]

Hey there I think l can be of assist, the reason we got 130 it was becoz,since we were calculating the Cost of Sale,we were given the mark up of 30% right... And the formula for calculating C.O.S is: selling price× 100/100 +mark up

[@Nothandoncube-h6g]

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