Double Entry System Pt. 1.| CSEC Principles of Accounts by Serain Jackson.

In this video i introduce the principles concerning the Double Entry System. This video is 1 in a series of 3 videos. Hope you enjoy!!
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For Introduction to Accounting Video:
• Principles of Accounts...
Music: Accra
Musician: Jeff Kaale

[@astoniaallen839]

God bless u sir with online school im not learning a thing in POA ur channel is helping me alot.

[@everythingbusiness876]

Thank you.

[@timjulgono2536]

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[@timjulgono2536]

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[@timjulgono2536]

@@everythingbusiness876 can help. If you. Cgu c and u uc hghgy c uv if cyu ug, can u ug uu u Uchida to. Ur. U. Ure I can help yv yhu

[@ronaldosomar4b403]

I learnt this as an acronym 'DEALER': Drawings Expenses Assets Liabilities Equity (Capital) Revenue 'DEA' in the acronym 'DEALER' Is DEBITED when there's an increase and CREDITED when there's a decrease. 'LER' in the acronym 'DEALER' Is CREDITED when there's an increase and DEBITED when there's a decrease. Hope this helps someone

[@dhejahnaypryce7015]

Thank you so much Your videos has been of great help towards my studies for Csec Keep up the good work👍

[@everythingbusiness876]

Thank you Much appreciated.

[@Unscripted139]

Thank you so much. You're the only one who could shed some light on this this. Appreciated sir.

[@lekesyt9542]

Yardman in the building, mi like that

[@user-cs6cd5xb7k]

Am pleased Mr .lecturer with your expectations am here in uganda thanks

[@isatou6655]

Alhamdulillah sir u make me to understand double entry thank u so much

[@everythingbusiness876]

Glad I could help. Keep sharing ok.

[@sharonnkano592]

Thank you so much sir God bless you

[@cqclan435]

R = Revenue C E = Expenses D C = Capital C A = Assets D L = Liabilities C S = Sales D

[@kxngleo2465]

Thanks sir

[@avonellcharles5499]

How about the IN(for Dr) and OUT( for Cr) method it's the easiest for me.

[@everythingbusiness876]

Yes i did speak about that. I however, used the terms ‘Receiving’ and ‘Paying’.

[@godblesslady3767]

I came here to learn... Can't understand one thing in accounts class👀 with all the extra studies

[@everythingbusiness876]

How was it for you here?

[@godblesslady3767]

@@everythingbusiness876 it was a simple break down for me. So I'll be searching for more videos on capital/recording figures in double entry. Thank you😉

[@SCOTTFF501]

video #4

[@spktentertainment3250]

Thank you so much Sir!☺

[@wendyramlogan6130]

Sir what about expenditure that will fall under types of accounts? I now come across your account also

[@everythingbusiness876]

All expenses should be debited!

[@braidsbyfina7563]

@@everythingbusiness876 I'm kinda stuck. As to why it's debited and not credited if its a form of spending money.

[@meriahsamuel1496]

Capital is not always credited, sir. There are two types of capital account in partnerships and the generalisation does not account for one of the types. Remember, we have the fixed and fluctuating capital account and the usage is dependent on the organisation.

[@everythingbusiness876]

Whilst this is true. Introducing these advanced concepts can be difficult to grasp. Therefore it is best to start from simple to more complex. A lot of teachers frustrate students with complex concepts trying to prove their accounting knowledge but remember what’s easy to us maybe extremely difficult for our students. Later in the course I normally explain to them after they are more confident and competent in the subject.

[@everythingbusiness876]

Imagine introducing that concept to third form students. They don’t have a clue about Partnership accounts which is not taught until 5th form.

[@SilxDrums]

I still don't understand why the capital account is credited when there is an increase..

[@cqclan435]

Mr. Jackson when is your next live class?

[@outofthisworld4437]

Good Day, do you do tutoring (f to f or online)at a reasonable cost?please let me know.I am in mid 30s and planning to attempt this in CXC.

[@everythingbusiness876]

Yes contact me at 8764308667 (WhatsApp)

[@mizeh8387]

Please sir what is the difference between debit and credit in accounting term?🤔

[@hurumanyondo5698]

🤝

[@kashiemamorgan9953]

Do you teach online class

[@whitneygoodridge1814]

Hello, is this playlist in order?

[@everythingbusiness876]

Yes for the most part.

[@whitneygoodridge1814]

Okay sir, thank you for your reply.

[@kashiemamorgan9953]

Do you teach online class

[@everythingbusiness876]

Yes. Hit me up at [e-mail]