Elements/Account Types & Account Classification Practice

Please visit our website for blank sheets and other practice problems for classifying accounts!
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A thorough review of the five main account types.
For the practice component try pausing the video to see if you can apply what you have learned!
Leave questions and comments below.

[@Amandafanai1997]

Most underrated channel ,it's very beneficial for ppl like me who can't afford to go-to university.thanks Keep it up👌

[@uniqueanahjae2834]

This video is Very hopeful. My accounting teacher didn't give more detail on classification. Thank you for the help ! Looking forward for more videos

[@yoru7337]

This are best explanation you do it's like accounting for dummies because you simplify it to the point where a 12 year old might understand. I have been learning alot from your videos thank you ☺️

[@chanmyopaluku947]

Thanks for sharing with this classification of account. May God bless you and give you more inspiration.

[@johnmandu7042]

i know this video posted 7 years ago but it is still helpful to us who want to understand accounting 😁

[@accountinghelp]

Aw, thanks for the smile. That made me so happy!

[@MYTHOMINHTRAN]

This lesson is worth a Bitcoin at its peak price of this year!

[@elsabethmamo639]

Perfect!!!! Thank you. Please do more videos.

[@bobbush5339]

Great video with nice explanation

[@luigi5326]

Great work, very useful. Thanks a lot for sharing. I got almost everything of your explanation. Regards.

[@msontrent9936]

Great content. Thanks

[@jendean6869]

Great explanations, really useful set of videos

[@stanleynjobvu7268]

This is really helps

[@mr.optimysticprime7013]

Thank you very much

[@janethbarrete461]

Thank you!

[@khaledahmed-sh3dd]

thanks a lot of sharing

[@maths_lover1881]

Thanks

[@SharlaineMaeSiapno-ob3dw]

can you please explain the UNEARNED FEES further? is it liability of the "someone who fixed the garage door" or is it the liability of the "one who wants it fixed"? i'm a bit confused about the example. thank you so much.

[@accountinghelp]

It is the liability of the one who is fixing the garage door. This account is used when a business receives an advanced payment for services that will be provided in the future. Essentially, we owe a service.

[@muhammadmustafa9722]

Hey mam, I have got an exam tomorrow. Do you think you could teach us? PLEASE!

[@rayanrayana2572]

how I can have a private session with u to teach me some of your methods of solving problems?

[@accountinghelp]

Please email [e-mail]

[@vanlimm5]

Is there an explaination for debit? Or it has no meaning.

[@accountinghelp]

Debit simply means left. Credit means right.

[@snehadanapala5846]

Are revenues also called sales?

[@accountinghelp]

Yes, if the company is selling merchandise, we call revenues sales.

[@sezeraydemir950]

Please add english subtitle, I can't understand correctly and the auto-generated subtitle is wrong...

[@accountinghelp]

Hello Sezer! I have manually added English subtitles to this video. Happy studying!

[@ankitwadhwa89]

Are notes receivable the same as bills receivable?

[@accountinghelp]

I would say that bills receivable is more closely related to accounts receivable. Notes receivable incur interest.

[@deltaboy2011]

Why not ALICE?

[@TraceSillyStupid]

Asset accounts start with a 1, liabilities start with a 2, capital starts with a 3, income starts with a 4, expenses start with a 5. It keeps the accounts in order.