Double Entry Ledger 'T' Accounts

[@chiderauduma9133]

Omg thank you so much! this was so helpful! i watched soo many videos and still didn't get it till now!

[@AccountingLecture]

I am happy to help you 😊

[@sammenzies1911]

Thank you. Taught me better in 14 minutes than my own teacher has in four weeks. PEARL is genius

[@AccountingLecture]

Such a nice complement!! Lots of love and good luck. What level of accounting are you doing?

[@AccountingLecture]

Thanks

[@bibishariff4391]

What is pearl? I still don't get it. Someone please help 🙏

[@incognito5138]

@@AccountingLecture i’m at secondary 3 :) another 2 more years till i take my Igcse!

[@AG-cc1mg]

i Know what you mean, same here this is much better than a class room.

[@najamsaqib2158]

I cant get over the fact that this video taught me in 14 minutes, what I have been trying to learn since the last 14 weeks...

[@AccountingLecture]

That’s my pleasure I am glad to help you

[@Lixard_5]

Thankyou so much! I am here night before the exams! This really helped i have always failed in ledger acounts.

[@AccountingLecture]

Wow, hope you pass with flying colours

[@britneydias8841]

I’ve watched so many videos of this and I was still so confused. But this helped me SO MUCH. I finally feel like I’m not behind in class.

[@AccountingLecture]

I am glad on your progress

[@kenwong4698]

The video is very good and helpful,as a international student,I have to face to many foreign language exams,and this video is a good way to learn relevant knowledge.

[@AccountingLecture]

Thanks for your appreciation, your exam success is our top priority

[@shaklainmohammedsifath8836]

Simply brilliant. Very nicely simplified! Thanks a lot, sir.

[@AccountingLecture]

Welcome sifath, your appreciation is my strength of teaching

[@viluxtea2529]

Shut up u

[@hibahassan2908]

omggggggggggggggggggggggggggggggggggggggggggggggggggggggggg thisssss issss soooooooooooooo amazingggggggg ........ how did u find it sooo easy to teach while other techers make it sooooo toughhh again thankkk uuu

[@AccountingLecture]

Hahaha 🤪 I am glad you found this easy and helpful, please share with your friends

[@SuperDeathlyhallows]

Brilliant video! Thank you! ❤

[@AccountingLecture]

Most welcome 🤗

[@anotidamaforosi8]

YO ARE A CHAMPION.VERY HELPFUL, KEEP UP WITH THE GOOD WORK... THANK YOU

[@AccountingLecture]

Thanks a lot for your motivating comment

[@hannankanth1464]

Proper helpful video , thank you sir 👍

[@AccountingLecture]

U r welcome hannan, keep working hard to achieve your success

[@jacobmanser6533]

Really helped me when I was struggling with my Level 3. Thanks for the easier breakdown!

[@AccountingLecture]

I am happy to help

[@abbas-t3140]

omg thank you so much, i have an accounting exam tom and before this video i did not know anything but after watching this i have learnt alot

[@AccountingLecture]

I am happy to help you Hope you do well in the exam

[@karrelhamutenyatv]

Thank you very much, real I have nothing on this lesson but now, I can understand it better. Thank you so much . God bless you man!

[@AccountingLecture]

Thanks a lot for your appreciation, this gives me motivation to work better

[@jaspertyl]

Thank you honestly people like u should get more recognition

[@AccountingLecture]

Thanks a lot❤️❤️❤️

[@moally55]

Oh, I didn't know I was "lovely"... Thanks for your input pal!

[@AccountingLecture]

You are not just lovely but a knowledge seeking lovely person. Welcome mate.

[@viluxtea2529]

Yes exactly no one asked

[@jawademad2157]

thank you sir soooooooooooooooooooooooooooooooooooo much . i used to accounting was hard but now you made me realize it is a piece of cake

[@AccountingLecture]

I m happy to help you, hope you will find my other videos helpful and would share with your friends

[@videoventure92]

thankyou so much for this video, I have exams tomorrow and this helps a lot

[@AccountingLecture]

Hope you do super in your exam ❤️

[@videoventure92]

@@AccountingLecture thank you for motivating me. I passed my exam with a mark of 89 out of 100. Thank you soo much

[@AccountingLecture]

Brilliant results Congratulations 🥳

[@muhammadirtaza4638]

thanks a lot very helpful i love ur lessons much obliged

[@AccountingLecture]

It’s a pleasure to serve you

[@nam0_.335]

This just saved me, thank you sm i love you 😭❤

[@AccountingLecture]

Love you too

[@Aliv_ia]

I’m so thankful for your channel!!! It has been a big help!

[@AccountingLecture]

Happ to help

[@kiranchhetri3]

its simple and easy to understand. thank u sir

[@AccountingLecture]

Most welcome 🤗

[@yahyahabib1322]

Thank you Sir. Very helpful video!

[@AccountingLecture]

Welcome Yahya, hope to see you as topper in Birmingham university

[@anamariamarginean3814]

Thank you . you explained very good

[@AccountingLecture]

Welcome

[@Commerce388]

Very nice videos, I really appreciate to you and found satisfactory.

[@AccountingLecture]

Thanks

[@fionan3916]

Finally!! Goodness, I was starting to feel defeated. Thank you.

[@AccountingLecture]

You are most welcome 😊

[@haiderali7970]

thanks a lot for your amazing video it was great, god bless you my brother

[@AccountingLecture]

You are most welcome, please checkout other videos to ace your accounting knowledge.

[@irenekasiti5325]

I love this one, it's owesome 😀

[@AccountingLecture]

Thank you! Cheers!

[@gunelrahimova9412]

I subscribed. Very useful. Thanks

[@AccountingLecture]

I am pleased Welcome

[@belmarelandryngagoue5842]

You explain Well

[@AccountingLecture]

Thanks

[@robertasalatioan]

Very good video ,thank you

[@AccountingLecture]

Welcome

[@brendanmwenda3084]

Thenks a lot this has been a good lecture that l understood double entry

[@AccountingLecture]

Happy 😊 to help you

[@Sylv19]

Very helpful, very easy to understand! Thank you 😊👍

[@AccountingLecture]

Thanks for your lovely comment ❤️

[@Alia-pq9of]

You are literal life saver!

[@AccountingLecture]

Wow that’s so nice of you

[@nafiskhan8801]

Love from Bangladesh 🇧🇩 ❤ 💕 💖 💗 💓 🇧🇩 ❤ 💕 💖 💗 💓

[@AccountingLecture]

Love back from a Bangladeshi ❤️🇧🇩

[@nafiskhan8801]

@@AccountingLecture 🥰😇tnx brother

[@AccountingLecture]

Most welcome 🤗 Share this with your friends and feel free to visit our Dhaka office someday

[@nafiskhan8801]

@@AccountingLecture in shaa Allah

[@fizzeek5091]

This video helped me out so much THANK YOU

[@AccountingLecture]

My pleasure

[@lafete6863]

Very easy bro . Great explanation. Thanks alot God bless you bro

[@AccountingLecture]

My pleasure to be your help

[@sufyanqureshi1555]

Very useful.. thanks

[@AccountingLecture]

U r always welcome Sufyan

[@williamgoodrham8403]

This is brilliant thank you

[@AccountingLecture]

Welcome 🤗

[@KDR.FD3]

you made it so easy for me. thank you so much🤗🤗

[@AccountingLecture]

Pleasure is all mine 💗

[@rabipiri3845]

Good explanation. Pls make more videos to cover most of the things in undergraduate degree lever.

[@AccountingLecture]

Thanks 😊, hope to do more

[@mg4759]

Thank you so much, i finally understand!

[@AccountingLecture]

Happy to help you 😊👍

[@arjunsoma2616]

helped me out a lot, just struggled to read your writing in some parts

[@AccountingLecture]

We r here to help you and solve your problems

[@sattajittushar6342]

it really helped. Thanks

[@AccountingLecture]

Welcome 🤗

[@aelshahomi8945]

thanks you helped me alot

[@AccountingLecture]

Happy to help

[@bassiegola]

Thanks so so much!!!

[@AccountingLecture]

You're welcome!

[@ccmei85]

Thank you Sir, very helpful. Keep it up !!!

[@AccountingLecture]

You are welcome, keep watching accounting lecture videos and pass your exams confidently

[@wendolynflorentino1605]

Best clear video!

[@AccountingLecture]

Thanks

[@seddam]

Awesome man ! Thank you a lot

[@AccountingLecture]

Most welcome

[@EuniceLondonxox]

Really good very easy to understand

[@AccountingLecture]

Happy to help you

[@talhakammybond]

Thank you sir!

[@AccountingLecture]

My pleasure 😇

[@ruwaydoabshir1966]

Thank you so much 🥰

[@AccountingLecture]

Most welcome 🤗

[@rashkadin8693]

Thanks to you buddy 😊🤟🏿.. this was helpful

[@AccountingLecture]

Welcome dude

[@mahfuzahmed971]

Excellent

[@AccountingLecture]

Thanks

[@devontewhyte5881]

Thank you so much it means a lot to me 🔥👍👍

[@AccountingLecture]

Most welcome

[@angelstarfire]

Thank you so much!! Just making sure but why do we write the accounts in its opposites entries?

[@AccountingLecture]

Most welcome Please visit my website for more help

[@sohamlunkad2536]

thank you soo much ❤❤❤❤❤❤❤❤❤

[@AccountingLecture]

Welcome 🤗

[@nigelramroop5972]

Thank you a lot Bro u make learning very easy;):):)

[@AccountingLecture]

Most welcome

[@KennieMboneko-dv2st]

Thanks

[@davidjohn1130]

Excellent teacher

[@AccountingLecture]

Thanks 😊

[@davidjohn1130]

@@AccountingLecture can you tell me the way how to become professional accountant and after how many levels or which course.

[@AccountingLecture]

After Aat level 4, you can be professional accountant and can persuade chartered as well

[@davidjohn1130]

@@AccountingLecture I am in England can you tell me the course after I can become a fully qualified accountant coz you taught in London KBM

[@davidjohn1130]

@@AccountingLecture Thank you are still with KBM. Do you recommend KNM as a good learning platform?

[@zaranaz8079]

Thankkk youuu so much

[@AccountingLecture]

Welcome

[@ilovehistory3948]

Office equipment bought it also have an effect on Bank acc obviously,?

[@AccountingLecture]

If bought paying by cheque or bank sources, it will affect bank 🏦

[@anisahabdulbary3071]

you are amazing thank you

[@AccountingLecture]

My pleasure Please share this with your friends

[@HenriqueMacaringue]

Thank so much

[@AccountingLecture]

Most welcome 🤗

[@abdelrahmansherif2867]

Thank you Sir

[@AccountingLecture]

It’s a pleasure

[@nagendraprathap9697]

Good explanation sir 👍

[@AccountingLecture]

My pleasure

[@Shadow彡-q3q]

I have a question, do we include purchase return in the ledger of "purchases"

[@AccountingLecture]

No You open separate purchase return account which is credited and PLCA account debited

[@adarshbahadoor5017]

Thank you so much sir. 🙏💙

[@AccountingLecture]

My pleasure

[@sajidakhalid1704]

Hello uploader, i need to know wether this lecutre is enough for me to score good in my A level exams, pls reply.

[@AccountingLecture]

Hello Sajida, these lectures are made by chartered accountant and uk 🇬🇧 college tutors. These lectures will boost your knowledge and exam confidence. But if you need online lessons, please email at [e-mail]

[@zangcs]

shouldn't there be goods ac. o/r inventory ac. as goods is increase/decrease.....when there is purchase/ sales transaction?

[@AccountingLecture]

There is nothing called goods account, it is either purchase or sales

[@austind.walker3173]

Transaction 4: Isn't it Cr Rent expense and Cr bank as our expense is decreasing?

[@AccountingLecture]

If you pay rent, that is rent increased and money down Expenses are debit Bank credit

[@shaklainmohammedsifath8836]

Do you make videos for Edexcel Account A2 as well?

[@AccountingLecture]

All my videos are helpful for edexcel accounting students but because of busy life, I am not making any videos.

[@roshnirai2991]

youre simply awesome lots of love from nepal

[@AccountingLecture]

Happy to help Most welcome

[@dhanushamuralitharan7832]

Thanq u

[@AccountingLecture]

Welcome

[@omarelkot2382]

What If in the question it says "Someone sold goods 500 on credit to trade receivable" then later on in the question it says "trade receivable payed 500"

[@AccountingLecture]

You do two journals. One to record credit sales another to receive money from the receivables

[@heatherbwallace6250]

Hello thank you for posting! I have a question about transaction #3, you said it is a bank debit account and to look at another one of your videos. But, you made the T table and the bank is clearly a credit account. Could you or someone please explain this? Thanks so much!

[@AccountingLecture]

If bank goes up, you debit bank 🏦.you received money so it is debit. Clearly written debit.

[@redemptionp]

thank to a greater extent

[@AccountingLecture]

Welcome

[@redemptionp]

when lecture updates are

[@Matin-ct1ym]

Hello sir Your explanation is very good i would appreciate if you make a video on how to record purchase return, sales return, sales tax transaction in T account Thank you

[@AccountingLecture]

Thanks for your appreciation, hope to make sometime

[@Matin-ct1ym]

@@AccountingLecture sir i am studying FIA F1 and im little confuse about sales tax like when business selling something the business record his sales on credit side but when business purchases it record his sales on debit side . And I dont know why. Because of this I need a little explanation

[@AccountingLecture]

Wow so you are going to be an ACCA member!! Well I am also an ACCA member. Where are you from and which tuition provider are you attending?

[@Matin-ct1ym]

@@AccountingLecture Im from Afghanistan and i am studying f1 at home and also i am studying BBA at university

[@AccountingLecture]

Good to see students from all over the world 🌎. Keep up the good work

[@future2985]

This video is useful however its get me confused wether the factors are dr or cr

[@AccountingLecture]

Thanks

[@dkavuma]

If office equipment is an asset, why is it recorded under expenses in the SOPL?

[@AccountingLecture]

At what point please?

[@dkavuma]

13:30

[@AccountingLecture]

It was never recorded as an expense anywhere .

[@ray.n_l]

Hello sir. Do you have any videos on how to transfer journal entries to ledger?

[@AccountingLecture]

Actually double entry is your ultimate journal. I have plenty of videos on my website. Please explore

[@mhashmani]

Very nice

[@AccountingLecture]

Thanks shoaib, are you doing a level or AAT?

[@mhashmani]

@@AccountingLecture ACCA

[@AccountingLecture]

Keep up the good work and aim to achieve your success

[@rabipiri3845]

Pls write clearly for us to read the account. Scribbling confuses us as students. Thank you

[@AccountingLecture]

Welcome

[@heretoseekknowledge1817]

I use DEAD & CLIC to remember the credit and debit items but i see on the debit side you have included purchases and in my pneumonic it doesn't include purchases please could you clear up this confusion for me what does purchases represent in my pneumonic is it the same as drawings or is it completely separate debit entry

[@AccountingLecture]

PEA RLS has purchases

[@heretoseekknowledge1817]

Can I add purchases DEAD?

[@AccountingLecture]

Yes as E “expense”

[@heretoseekknowledge1817]

@@AccountingLecture so to be clear Expense includes purchases??

[@AccountingLecture]

Yes that’s cost of sales

[@luckysupport9167]

at 6:47 shouldn't we write Owner's account?

[@AccountingLecture]

Owner’s contribution in the busi is capital and withdrawn is drawing

[@naomimwangikanyeki]

Hi. If i wrote purchase account instead of office equipment in transaction no8 would i be wrong?

[@AccountingLecture]

Yes wrong. You have treated revenue expenses as capital expenditures

[@muhammadirtaza4638]

Hello sir It is my humble request: Pls make a video on trial balances Thanks a lot

[@muhammadirtaza4638]

It would really help me

[@AccountingLecture]

In shah allah, I will make one soon. Where are you from Muhammad and what level of accounting you are doing?

[@muhammadirtaza4638]

Sir i am from pakistan

[@muhammadirtaza4638]

I am studying igcse accounting My goal is to complete accounting syllabus in 5 months

[@muhammadirtaza4638]

@@AccountingLecture igcse accounting

[@josephinedrummond8828]

I wanna know, please how can u tell if one should be debited or credited

[@AccountingLecture]

Please email me at [e-mail]

[@jeromeagwu2339]

Do a video on moving balances

[@AccountingLecture]

Sure

[@yahyayaseen6907]

I dont understand how rent is a debit. As the money is going out of the bank.

[@AccountingLecture]

Hope it helps to remember kzbin.info/www/bejne/i5atk6mph5Wlabs

[@muneebnisar1]

Books of oringal entry?

[@AccountingLecture]

Ledger accounts

[@abdulrahmanjimale2220]

Where can i contact to you

[@AccountingLecture]

WhatsApp number is: 00447983171108

[@maryamfarooqi3091]

what to do if the transaction says returned?

[@AccountingLecture]

Sales return or purchase return?

[@maryamfarooqi3091]

@@AccountingLecture im not sure😭 but the question is Returned some of the equipment costing £2,300 to house supplies

[@AccountingLecture]

Equipment credit £2,300 Supplier debit 2,300

[@maryamfarooqi3091]

@@AccountingLecture thank u!! 💓

[@zuzannamakowiecka6666]

I dont know how to remember that the bank account is a credit. I thought bank account is an asset therefore i thought it was debit

[@shotoniphonememes60]

What if we draw different t accounts for bank accounts???? It will be very messed up like : All bank accounts in bank All cash account in cash Teachers will have to find every cash and bank transactions? So what if we draw different t accounts for cash and bank???

[@AccountingLecture]

Sorry dear, your question is not clear!!

[@shotoniphonememes60]

@@AccountingLecture pls answer now It's clear

[@AccountingLecture]

You can not open more than one bank or cash account. And yes of course you can draw different t accounts for cash and bank.

[@shotoniphonememes60]

@@AccountingLecture what r u saying First u r saying yes then no??

[@AccountingLecture]

My dear Arham, you can not open more than 1 bank or 1 cash account but you can separately open bank and cash accounts. Hope it make sense.

[@noble9605]

Defintion of debit and credit please!

[@AccountingLecture]

Debit means gain value and credit means give value

[@noble9605]

Thank you!

[@AccountingLecture]

Welcome

[@mohamedaminabdullahi4118]

I have a queations where can we communicate

[@AccountingLecture]

accountinglecture.teachable.com/

[@luckysupport9167]

I thought Bank Transfer is Debit

[@AccountingLecture]

If money comes in bank it is debit, goes out is credit

[@qifry5367]

Last 3 i dont get it can u help like how do u figure which account

[@ibrahimfaisal3303]

Hey, basically you need to know that what is expenses, assets, liabilities consisting. then you can easily understand. Hope i helped you mate! Best of Luck

[@WashingtonGathuki]

thank u for teaching me

[@WashingtonGathuki]

That is not me please that's a parody

[@WashingtonGathuki]

cancel for me

[@brackstonefynn6992]

haai gents, if you here the night before your exam, its chai, just go sleep and try get as much rest as possible.

[@AccountingLecture]

That’s very good advice