Debits and Credits MADE EASY with ADEx LER

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Dive deep into the world of accounting with our easy-to-understand guide on debits and credits! Perfect for beginners, this video demystifies these fundamental accounting concepts. Whether you're a student, a budding entrepreneur, or just curious about accounting, this video is your first step towards mastering the field.
⬇️ Download the practice file here: pages.xelplus.com/debit-credi...
✨What You'll Learn:
▪️ Basics of Debits and Credits: Discover how every financial transaction involves both debits and credits.
▪️ T Accounts Simplified: Learn how T accounts are used to track debits and credits in a visual format.
▪️ Balancing Act: Get to grips with balancing transactions and how debits and credits must always equal.
▪️ Impact on Account Types: Understand how different types of accounts are affected by debits and credits.
🔑 Essential Concepts:
▪️ Two Main Account Groups: Assets, Dividends, Expenses (ADE) vs. Liabilities, Equity, Revenue (LER).
▪️ Easy Mnemonic: Remember 'ADEx LER' to keep track of which accounts are debit or credit.
▪️ Debit and Credit Cards: Clear up common confusions about how these banking tools fit into accounting principles.
00:00 Easiest Way to Learn Debits & Credits
00:53 T-Account Basics
01:08 Rule #1 in Accounting
01:25 Rule #2 in Accounting
02:04 Balance of a T-Account
04:10 Rule #3 in Accounting
04:34 Which Accounts are Debits and which Credits
06:34 ADEx LER (the secret to remember)
06:41 Accounting Debit / Credit example
08:00 Debit and Credit in Banking (Debit Card)
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#Accounting

[@LeilaGharani]

Challenge accepted? Download the practice file now and see how many journal entries you can ace 👉 pages.xelplus.com/debit-credit-practice-file

[@DillonLoomis22]

Thanks! You can also remember DEALER (might be easier). D = Dividends, E = Expenses, A = Assets (all three are Debit Accounts...think dividends, debit for this grouping)...then L= Liabilities, E = Owners Equity, R = Revenue (these three are Credit Accounts)

[@wizardmaster6639]

or you could use LEADER !! that's me.. I lead you to total confusion, don't I?

[@amandaheuer8833]

@@jon8796 yes, exactly! I panicked for a second when I realized, "oh great there's 2 E's, how will I remember that one? DUH! LOL 🤣

[@ladymilford04]

😊😊

[@louisestill1580]

I user DEALER - for this reason being able to identify what sits in DR and CR columns

[@aggropa]

It's still confusing, but EXCELLENT video. I appreciate that you are clear, and that you admit it is confusing, rather than stating the facts as if it should naturally make sense.

[@annetteheadley4684]

Still struggling

[@lukerener7888]

Yes, THANK YOU!!!! Thank you!!!! I have studied, asked my instructor, read and re-read. Watched a million and one videos and yours is the ONLY one that made it click. Thank you so much.

[@LeilaGharani]

Wonderful! That's really great!

[@christoslefkimiotis9889]

being a dyslectic when I found out the "left-right" trick for debit/credit, I ended up getting a masters degree in accounting. Knowledge is useless unless is shared and explained properly so anyone can enjoy regardless of the status he is in; and you have a gift in explaining with simple words and right to the point, excellent job..

[@LeilaGharani]

Thank you very much for the kind words Christos!

[@brianhayden3509]

I use DEAD CLIC >> Debit for Expenses, Assets, Dividends; Credit for Liabilities, Income and Capital :)

[@LeilaGharani]

Haha. That's a good one too :)

[@TireloTr]

0

[@enyiomaloveslearning746]

My husband just taught me that! He is an accountant turned Registered Nurse lol!

[@sadmanmohammed_18]

@@LeilaGharani how does owner's Withdrawal fit into the equation? (as it is an owner's equity) shouldn’t it is a credit account??

[@vanessasanchez-corcione4127]

@@enyiomaloveslearning746 that’s funny! I’m a registered nurse going into accounting / finances

[@TaylorJohnson1]

I am paying thousands of dollars to take my Accounting courses and my Professor cannot get me to understand this. College is a rip off. KZbin University for the win!

[@collinsbob8137]

you-versity

[@bettyangwenyi1797]

You're paying for infrastructure (theirs). Not an education (yours).

[@celgrl28]

@@bettyangwenyi1797 Precisely!

[@temmyjane]

💯

[@amandaheuer8833]

Your a fabulous teacher!! I went to go see if you had more videos, so, I was SUPER excited to see that you have so many!! 🤣 Bless your heart... pages and pages!! Yay! I am so greatful. Thank you for helping those of us that need this. You are definitely doing what you need to be doing. Fulfilling one of your gifts. God bless!

[@ibrahimnabil78]

I became a big fan of you, I love Excel more than anyone on the earth, thus you always inspire my passion of Excel with your perfect videos and your easy way of sending tricks, lessons and information directly to understanding centers in our brains, Thanks a lot for everything and looking forward for more amazing videos and ideas from you.

[@connyberry305]

Thanks Leila for your content! I wish I was just sit in a classroom watching you :) Very composed and clear teacher

[@Flipskater13]

I am in business school now and I come from a non-business background/undergrad. Your videos have been very helpful in providing context into accounting, which I greatly needed to understand my current classes Thank you.

[@karhukivi]

Once again, thank you Leila for doing this great presentation - even my accountant brother-in-law gets confused over debit and credit, especially where the bank is involved as they see these terms from their side of the fence! Accountancy is not a matter of maths, rather classification and how to decide where to put each item, e.g. a partial refund of a charge that had tax on it, now where to put that tax component!!! However, it is a great discipline and everybody should learn at least a little about it.

[@LeilaGharani]

Absolutely agree George.

[@meaf]

OMG! No one has ever explained this so clearly! Thank you!

[@rkilais]

Finally ! Someone who removes the confusion behind the logic. An excellent excellent teacher ! Thank you

[@LeilaGharani]

Glad it was helpful!

[@rkilais]

@Leila Gharani I'm new to your channel, this is the first video I've watched of yours. You answer every question without me having to ask or wonder. I'm going to watch all of your accounting and excel videos, and enroll in your courses. Thank you again.

[@maxmara2010]

After searching for countless similar topics on KZbin, it is the most straightforward and logical explanation for debit and credit in accounting. Professional, no drama expression like some KZbin production, understandable speech speed and intonation.

[@renitacasimerothomas1817]

Totally agree

[@lillyknopf9487]

accountants Dont EXpect Low Earning Rates! I love this hint!! Thank you!

[@Oppadu]

Account Don't EXpect Low Earning Rates !! Very imformative wording ❤️ You are always best!

[@LeilaGharani]

Somehow we have to remember it :)

[@golfdelta790]

9:07 " do the general rules of accounting not apply to them" .... your best quote to date

[@pauldarthurs]

I'm glad you addressed the example of debit accounts with your bank at the end! This helped clear up the confusion, understanding that it is from the perspective of the bank.

[@chickpeallc3289]

wow! thank you, thank you, thank you. No one has been able to explain this like you do. Thank you for your simplicity. Teachers and book publishers think if they make accounting very complicated, that you will have more respect for them. And pay more money. You actually care if people understand these difficult to grasp principles. That is the essence of a good teacher.

[@LeilaGharani]

Glad it was helpful!

[@deeapplekiwi3582]

Leila, you're a really good teacher! You explain it so well, I understood my first go round! Thank you!

[@anudeep79]

I have seen many KZbin videos regarding debit and credit mam.....your video is best. You cleared my confusion when you explained how the bank treats one's cash account as liability account not as asset account. Thanks a ton mam

[@faisalkb]

The Golden Rules of Accounting Debit The Receiver, Credit The Giver. This principle is used in the case of personal accounts. ... Debit What Comes In, Credit What Goes Out. This principle is applied in case of real accounts. ... Debit All Expenses And Losses, Credit All Incomes And Gains.

[@henryg5735]

Debit is by the window! Sorry, couldn't resist. All humans ie non-accountants to ignore ;-}

[@coarailverd4259]

the third line confuses me a lot, please explain further

[@KanoAkademy]

Debits and credits are so important to learn the basics Accounting. Thanks for the content

[@bettyangwenyi1797]

Leila, you are the definition of genius: uncomplicated.

[@bkc7569]

This is a great refresher for someone who took accounting a long time ago, thank you!

[@LeilaGharani]

You're very welcome!

[@adilshahid938]

the last 1 minute solved the confusion i had from the past whole day i.e my first accounting class thank you soo much!!!!!

[@Spotted_lily_exotics]

Finally a video that I 110% understand. Thank you for being so clear!

[@priyadsouza9423]

Tysm to clear this in depth The Atm bank card part had always confused me while learning accounts, now you've cleared it 😅

[@ganapathibalasubrahmanyam4575]

Wonderfully explained at the right pace. Your delivery is awesome.

[@mazin91]

Even though I am working in Finance and know all of these as they are very basics but I still watched it because I love the way you explain any topic and want to learn this from every video you make.

[@LeilaGharani]

Thank you for the kind feedback. We will post more videos on accounting next year.

[@allengrant5874]

Thank you Leila. This has been very helpful for an absolute beginner. I starting to believe you CAN teach an old dog new tricks.

[@WordSmooth]

Finally! Thank you so much for explaining why credit and debit is the opposite of what it actually means to most of us.

[@MarCesar]

Such an elegant class and presentation. My daughter is at college in Brazil studying to become an accountant and I always send your videos to her. It is a great opportunity to revise her concepts and to learn the vocabulary of her future career in English. Thanks a lot for this course!

[@LeilaGharani]

That's great Mario. Say hello to your daughter for me.

[@EmperorSheevPalpatine]

Thank you for explaining debit/credit from the bank perspective vs ours. Very helpful! You unconfused me! Marvelous!

[@LeilaGharani]

You are so welcome!

[@Tanya-oe9sz]

thank you so much ! honestly the first video that accurately explained and answered every question i had.

[@LeilaGharani]

You're very welcome!

[@tommybatt2119]

Hi Leila, this was explained really well, I’ve took an interest in accounting and learning the basics, I can now memorise ADEX LER Just after watching this video.

[@jaynefranzinoromero1640]

So, the banks are not backwards, they're just telling the consumer what THEIR books say or indicate. This is the best explanation yet.

[@thomasburton1011]

Thank you so much for this!! I have been struggling with this concept for ages and love the explanation at the end about the bank cards :)

[@Rayhan99999]

Wow, that was super Cool. I have always wanted to learn the basics of Accounting as I am not an Accountant. Coz often I have to struggle to get whether it is debit or credit. Thanks a lot. I think I will always remember this little trick.

[@Stephen10114]

Excellent video. Really easy to follow, and the on-screen visuals aided my understanding immensely. Thank you!

[@heyWhatWho]

Much better explanation than other channels

[@scottdenise6171]

Thank you for the Debit card explanation. This really helps me to explain what is happening in our account. Thanks.

[@LeilaGharani]

Happy to help!

[@marianasilvahernandes4048]

The best video I have watched on this topic!

[@davidbrown6850]

I'm taking accounting for degree purposes, I keep confusing credit and debits, assets etc...this video REALLY helps me to understand this better. THANK YOU !!!!!!!!

[@LeilaGharani]

My pleasure, David! Glad it was helpful.

[@raj53246]

Beautiful explanation. ..the video is a good example of clarity ..brevity and accuracy. ..well done lady

[@LeilaGharani]

Glad you like it!

[@bluesapphire7548]

Extra thanks for clearing up the credit card-debit card confusion!

[@1111dotcom]

finally! someone cleared the difference of debit /credit in accounting with the debit/credit in banking. nice video. LOVE!!

[@sammievo3602]

Thank you so...much Leila for putting this a great video together about Debit and credit. I am a financial analysis but I never understand the accounting side of Debit and credit. It's so confusing to me. Now I landed a new position that requires me to understand it. Your video had made it so easy to understand and you explained so clearly. God bless your heart for sharing your knowledge.

[@sundayoyelakin4540]

Hey Sammie. I'm Sunday from Nigeria. I'm an Accounting graduate who has strong interest in Financial Analysis. Please, can we talk?🙏

[@sammievo3602]

@@sundayoyelakin4540 hello-how can I be your assistant?

[@dorajvikram1]

thank you so much....i had the exact same confusion...as i was looking @ my account from My PoV.....so glad I watched this video.

[@whitneymacdonald4396]

This is really good. Simple and clear. Thank you. I'm trying to teach this to 6th graders so this is the level I need.

[@vjpj5100]

Why are 6th graders learning accountancy? wow.

[@Vanessa-qk3df]

This was a very clear explanation of a concept that I was having trouble with. Thanks!!

[@LeilaGharani]

Glad it helped Vanessa!

[@japhetzila6235]

Thank you for your clear explanations!

[@TheAccountingClass]

Thank you Leila for this wonderful explanation.

[@mohamodmohamod3574]

Thank you for your good presentation of accounting lessons especially debit and credit methods.

[@ismailismaili0071]

Thank you so much Ms. Leila waiting for more.

[@LeilaGharani]

There will be more Ismail :)

[@ruthtamar2516]

I love your explanations....please consider preparing a good chart of accounts & Trial Balance.Thank you

[@aichasoft700]

Thank you so much to make every lesson so easy to understand. big fan of you from Algeria.

[@LeilaGharani]

I'm really happy to hear that!

[@patsygoddard2791]

Thanks for explaining the banking side of it. Makes sense now

[@LeilaGharani]

Glad it's helpful.

[@Fieldoak]

Thanks for this video, really needed to refresh my memory about this 🌹

[@hanf4415]

Explain well and in a very professional way. Thanks!!

[@LeilaGharani]

Glad you enjoyed it!

[@adamboi6364]

These videos are very helpful thank you for making these.

[@evgeniam8882]

You are amazing Leila. So informative and clear explanation. I really appreciate your videos and your way of teaching! Thank you so much

[@LeilaGharani]

Thank you Evgenia! Always nice to see your comments.

[@stephanietorres5566]

Yeah

[@moussaismael7060]

truly fruitful, what a way to explain things !!

[@rmusic8969]

Good explanation of the debits/credits from the bank's perspective.

[@roiegutman]

Awesome video Leila. Thank you!

[@Iknownothing896]

Thank you for your videos! Our favorite teacher! Thank you

[@LeilaGharani]

Wow, thank you Nelson!

[@damarmatthews4454]

Thank you so much for this video you got me back up to speed in my principles of accounting course!

[@LeilaGharani]

Glad it was helpful!

[@renitacasimerothomas1817]

Thank you.This was reallly really helpful.❤

[@GokMedia13wave]

I love her, i understand her more than my lecturer does.😘

[@salvadorperez5488]

Thanks for so useful video, clear and direct. You´re great Leila. Greetengs from Mexico

[@loriluo8359]

Very informative, thank you 🙏

[@johnmagombo3045]

I have loved the point of view part. Resolves the confusion. Thanks a lot

[@LeilaGharani]

Glad it was helpful!

[@JayaPrakash-ij8pb]

Leila fist for thanks for clearing my confusion about debit and credit now I am understand about your presentation so keep doing all the best 👍💯

[@phorton968]

Solid example. Thank you!

[@syedahasan5494]

Thank you. It was very explained.

[@samuelkodjoe1645]

thank you so much.......great insight

[@milesmontegojnr7970]

It's my first time learning accounting and it seems very simple with your teachings

[@himmelsamuel4749]

Ur simp

[@sonyaacurtis-adeyoju9324]

Extremely helpful. Bless you!

[@heriguiabdennour]

wow thanx. Cristal Clear.the Bank part in particular

[@nikex7790]

Daim you exlapined it soo goood.Loved it.

[@shawnsweetonmoras6856]

Thank you Leila for such a amazing video

[@vishaldobariya]

Excellent way to explain in the simplest manner. Thanks Leila. This is internet. How your 2019 video helped me in 2021 and will keep helping others like me in coming years.

[@LeilaGharani]

You're very welcome!

[@n750il]

Beautifully presented

[@lakpasherpa2932]

very helpful especially the last part of it as i always had a confusion with that of banks handling the credits and debits rules.. tysm....

[@LeilaGharani]

Glad you found it helpful.

[@ojalecuthbert3624]

Thanks for the nice explanations. Your good in accounts

[@jpraka]

Thank you so much... I never came across such a wonderful explanation....

[@LeilaGharani]

Glad you liked it!

[@joshwzr1257]

this is so clear, as it was puzzling me at first. thanks.

[@LeilaGharani]

Great to hear!

[@myt613]

Thank you for this amazing video. It helped me understand the concept though I am not accountant.

[@HandsOnRealEstate]

Wow what a good explanation.. especially at the end.

[@sauldiaz2139]

I used to use your channel for google sheets but this was a really helpful video. I'm gonna start to use your channel for accounting purposes as well.

[@LeilaGharani]

Awesome, thank you!

[@trailersr145]

Amazing explaining of accounting principles... Thnx alot...!

[@LeilaGharani]

My pleasure. Glad you like it.

[@ssigitas69]

Best explanation I have seen yet. Very clear, very professional video, very detailed. And of course very nice women 😉 Thank you so much. I finished my studies 7 years ago and didn't work as accountant. I forgot everything, and of course I didn't knew terms in English as well. So good to remember and learn English names of accountancy.

[@LeilaGharani]

Glad it was helpful!

[@terencewright2223]

An excellent video, thank you very much.

[@donyfrancis6385]

Thank you mam....I am a science background student. But now I understood these credit and debit. Thank you....your videos are soo nice simple and understandable...

[@LeilaGharani]

Most welcome 😊

[@wolftrader155]

Loved the last part where you cleared the Bank's POV. That was creating a lot of confusion in understanding concepts.

[@LeilaGharani]

Glad it was helpful.

[@rajithasenarathne6433]

thank you for the lesson

[@michellebrunken1340]

Thank you for the very informative video. It has helped me a lot.

[@humblednature9593]

Great teaching right here!!

[@shivangimor2441]

Thank you so much for this video.