Debits & Credits in Accounting | Journal Entries Examples | Accounting Basics

In this basic accounting lesson, we explain what the General Journal is, why we record transactions on the General Journal, and how to record the transactions. We go through various Journal Entries examples where we record accounts such as inventory, bank, accounts payable, loans, equipment, depreciation, and accumulated depreciation.
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Other Journal entry Examples:
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[@Counttuts]

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

[@joeruxtel]

I recently opened a coffee shop and I just want some help on how to enter transaction from POS to Accounting...eg cash sales, cards payment sales etc.. thank you

[@mooki-gn7ho]

this guy always make me understand

[@milanimazosiwe5005]

How to do the general journal if you also given the trial

[@leratonamo1041]

doing accounting in university for the first time and I'm above average ❤️😊this channel has been helpful

[@spatarcann]

Can I get your number 😩

[@Mihlangema]

This video is still useful... After four years especially to us who do not did Accounting at High School

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I am a CPC in Spanish, and your videos help me validate my profession in the US.

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I am writing my exams next month and I have been looking for something that can help and I am so glad I came accross your videos, I am understanding things that my teacher have been teaching me but couldn't understand. thank you so much.

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This channel is really helpful ♥️🤞 god bless you

[@lyghun651]

God bless you,I understand clearly now

[@titusbindah8828]

It is understandable , I have learnt a lot about General Journal. Thanks very much.

[@ntsakisikhubayi3989]

Thank you for your concisely structured lessons

[@zinedinezidane7369]

The lecturer is very good.God bless u

[@josegalvez670]

Soy CPC en español, y sus videos me sirven para convalidar mi profesion en EEUU,

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[@lisamazibuko8421]

Very clear. Thank you for the understandable explanation. May you continue with your good work. God bless you 🙏

[@samkaman5443]

thanks much helpful

[@lizwishelembe4692]

Thank you so much , I understand way better . And I feel ready for my test ❤️

[@mamokhothuchristina7038]

Thanks for simplified learning presented through examples

[@silindilemhlamvu8765]

I have struggled for years with understand debits and credits, but your videos have made things so much easy for me.

[@ThumbelinaMike-dp6ng]

This lesson is helpful

[@elizabethkafita5639]

I like the way you explaining ... you open my eyes now

[@emangrakubutu4289]

very much helpful, especially working wit accounting equation and journals at the same time. thank you

[@The_Fits1]

You the best bro I swear😭🔥🔥❤️

[@Catherinemwandalima-oj6qh]

Your channel is understandable 🙏

[@ramburrunvikash6073]

Thank you Sir You explained it so well

[@user-ud2hj9sm2d]

That was so helpful but I can't find the previous video and full description on accumulated depreciation

[@EmihleMazomba]

How is bank credited in the second transaction coz it is an asset??

[@thobiledzanibe579]

Because it decreases

[@temusshipanga2850]

you are the best

[@qaisalsndi9324]

thanks so much for your explaining, brilliant

[@liziwedube1957]

Thank u very much this helps a lot

[@Ctizen_sK]

well done brother, very helpful.

[@zinedinezidane7369]

I really love your vid

[@desertslave5643]

Can you do videos on purchase journal and other related journals as well.

[@Counttuts]

Purchase Journal: kzbin.info/www/bejne/aJq1qZKme8ufiq8

[@nireshnigovender6094]

Awesome tutor

[@user-bn4os8fx7o]

What if you were not give transactions but given adjustments with no date on them how do you put that in general ledger

[@user-uq7lo5qk9n]

i love youre videos.

[@marianmazibiye865]

Thank you always. Very helpful

[@hendricokokum5992]

Amazing, this has put all my theory into context. Thanks!!!

[@user-pd5qz3cq2m]

Can you please explain on depreciation

[@SharonTlharipe-nt7ds]

Kindly please assist with a video for depreciable assets and year-end introduction to financial statements.

[@phumymatau3284]

Thank you very much 🥳

[@nepomucenendayegamiye1073]

First thank you so much for this lesson but for where I don't understand it's about how you know the account first and second account. Please help me

[@nandipagabani3324]

Thank you for the lesson, how do I calculate and record in the GJ?Received from CT less 8% settlement discount .(balance owing at the beginning of the month :R8646 ?

[@simbonilesikonkwane1142]

Always learning something new in each and every vid

[@ericab9050]

Good video, thanks

[@boitumelokhahleli4499]

thank you very much

[@kingfloydz3031]

thank you for the video

[@beylindabronkhorst2615]

Please also do a petty cash journal

[@simoneheath3022]

Good day, so all transaction goes into the general journal eg. Cash and cheque payments?

[@cmorevoda2806]

Thanks for the video. It's very helpful. How is a transaction like this recorded in the general journal : "Sold 150 bags of Wonder Lawn to Biggs Nurseries on credit for R750. 00. The cost was R600.00

[@Counttuts]

Thanks, this one should help: kzbin.info/www/bejne/qpulf5ufi5iDpdU

[@cmorevoda2806]

@@Counttuts thank you

[@ssenyangeronald5963]

Thnx a lot this is kawa

[@desertslave5643]

And can you also do general journal affecting accounts like. For example: Mr. Mark Moka started a business with cash 200,000 and inventory valued @70,000 on 1st January 2005......... Can you solve this???

[@h.u4655]

So do we not write the two balances which are balanced on both sides at the end.

[@drbailey9349]

would you be so kind to provide us with a video explaining trade and other receivables , Please and once again, thank you so much for your help

[@Counttuts]

Thank you for the suggestion. We shall do it soon.

[@phelo.mwehle]

Hey, for our accounts do we need to know them off by heart?

[@scholasticachima-jeff6986]

How do we credit or debit stationary bought with cash?

[@fabiodeklerk8223]

So when recording in the journal you don't put - signs?

[@ishimweangestecie8483]

I have a question @counttuts . Why on the second transaction did you credit the money from the bank? Cash is an asset so it's should be capital and inventory affected

[@zanieyhlapogadi8703]

Credited bank bc money is going out of the business. As you’ve mentioned bank/cash is Asset it decrease on the credit side, that’s why is credited. Capital is a not affected😊

[@azilefirst9866]

Accounts payable accounts payable. Is the same with creditors control

[@bessielovaitemelloso2553]

In the event there are 3 accounts involved how do we put in General Journal

[@zhakiryuusuf8778]

thank you

[@sibongilepooe5705]

Please advise when we are doing a transaction with Mark up percentage

[@Ghost-lv5vq]

You basically take the transaction let's say for example 800 and for mark up it's always A(800 ×100 ----- 100+mark up percentage= total

[@user-pe6yt4pb7w]

which accounts are affected when you salaries paid by

[@avishkaprasanna8544]

thanks sir

[@pedrozajnr7475]

Cheers!

[@tideess]

best channel

[@mpumelelozulu-dh6on]

Why aint we using the plus signs and negative signs this is based on the examples which were done from the previous examples they were signs from it ?

[@syedali-portfolio7457]

Link fot VAT is not mentioned... please do so..

[@maakeglenda478]

how do i calculate first transaction if vat was inclusive

[@mahlangusimphiwe2097]

How come we debit the depreciation amount?? Because depreciation is an expense

[@Counttuts]

Check this one out to find the explanation: kzbin.info/www/bejne/lXKuoHadhNGHmdk

[@gloriacortes7759]

I need help understanding bookkeeping

[@Counttuts]

We can assist, you can book a session with us at [e-mail]

[@togetherwecan-ms7jo]

Vocalize bob

[@MexicoTijuana741]

Usually it’s called cash lol

[@KehanianaSoonalole-bz1sx]

There's no voice or sound 💀

[@SyandaThokozani-eg1tr]

you are the best