Example for Recording Debits and Credits

[@huhfudge7797]

Thankyou so so sOoo much!!! But with that, i am actually really concerned as to how are you doing, sir? Your last upload is 4 years ago and i'm genuinely wishing that your healthy and happy in life because u have helped so many by your father-like teaching.

[@noname89636]

No textbook could do what you just did for me. Thank you so much. I actually feel like I am going to pass school right now.

[@wl20309]

How did you do in the end?

[@zizo8737]

Indeed

[@EseyEsey-v5u]

The most best explanation I ever seen like that about debit and credit

[@adamoubah7992]

I have never done accounting before and I was about to sit for a competitive entrance exams that requires a basic knowledge of accounting. When I came into contact with these your Wonderful videos ,I was able to pick up the whole notion like A, B, C, D. Thank you very much for the great work you have been doing. I love it.

[@Chris-bc8mz]

I wish you were my professor, honestly!! My current accounting professor wastes most of his time showing us small videos that is irrelevant to the course! Thank you so much for this video, Larry!

[@emanibrinson8490]

Taking Accounting 2201 at University of West Georgia right now, and you’ve made everything so much clearer! Awesome video.

[@theeririi3749]

You started school yet?

[@emanibrinson8490]

@@theeririi3749 What do you mean? Do you mean if I started back for this school year?

[@theeririi3749]

@@emanibrinson8490 yeah considering corona slot of schools/universities are closed

[@emanibrinson8490]

@@theeririi3749 Oh okay, my bad for misunderstanding lol. But yes, we’re back on campus. We’ve had traditional face to face classes since we started back in August. To help everyone stay on track and go to class at their own risk, they’ve implemented “dual modality”, which just means they have to put all class content online, even if the class is in person. We have to wear masks, and classes have to be held in lecture halls big enough to abide by social distancing rules.

[@theeririi3749]

@@emanibrinson8490 nah it's okay lol I youse south african english so maybe it made sense to me but you probably use English from whatever country your from Hehe that's really cool I like the technique they (dual mobility) it would be so useful! Anyways have a nice day!

[@nickhubner8497]

you taught me more in this video than my professor has the whole semester thank you!

[@augustayartehyarteh4467]

Aw I will debit cash. and credit common stock for the first questions. The second is. Debit cash and credit Notes payables. This things are so great to review over and over. You tub platform is great for us. God blessed you all and all the professors.

[@sonjabohmer7265]

Took accounting in college years ago and this is a perfect refresher. Thanks!

[@ghxst3317]

Well explained. Got midterm exam from accounting tomorrow so I've decided to make a revision a little bit. Do hope I'll get at least A at the end of the semester because of your videos. May God bless u! Im gonna back to this video and share my grade, wish you guys luck and see u soon))

[@spaceinvadersaw]

Soooo how’d it go

[@mymyfilmofficial512]

Hahahaha i wanna know more, how was it

[@itsteej]

@@mymyfilmofficial512 sounds like bro did not get an A 😭

[@jcontant1979]

This guy is very good 👨‍🏫, if he’s not a teacher, he’s a very great person to explain accounting to new individuals. Thank you accounting tutor

[@singhjet123]

Thanks for your wisdom and simple way of explaining accounting even if your videos are old but I am pretty sure they help out a lot of students, you are a true teacher

[@mahdichaal8756]

The best teacher and best accent English . God bless you.

[@granitmanifit]

very nice video made it clear for me after watching so many videos that make it so complicated for no reason that only makes it harder to understand. thank you TAT

[@arrowsantos8209]

OMG I'm glad I stumbled upon this video. I completely understood now our first lesson, lol. And I feel like I will never be confused anymore understanding this basic concept.

[@CL3VRGRL93]

This was so helpful. Fast and to the point.

[@mickaylaebone]

All of your videos are absolutely amazing! I will definitely be passing accounting. Thank you!

[@johnlongland8902]

This is EXACTLY what I was looking for. Many videos goes on and on about assets, liabilities and equity. Ofcourse its important but this video taught me more than 20 of the other videos I have watched. I am trying to learn to use ERPNext and ERPnext shows the Chart of accounts in a tree-structure. Just as a small comment ... I would have loved to see your chart of accounts just to compare. I did howeer pick up that in ERPNext they call Sales Revenue just Sales and Service REvenue just Service. But at least I know now how to use those accounts in ERPNext. And ofcourse I can change the names in ERPNext because Sales Revenue does make more sense. High Five Accountign Tutor !

[@Yourfriend-i3z]

Your videos are great.Straight to the point no chitchat. If there is a hearty Icon I probably clicked that.

[@aisyahreid7706]

this gy deserves so much credit. I learned so much in less than 10 mins than I learned for 2 months

[@emiliehamilton3725]

Thank you so much for the video. I learned more than I did at class.

[@نصرمحمدحمدان]

لاااااااا

[@shannonboyd4506]

Your a fantastic teacher! Fantastic!

[@mikeynyc6857]

This increased my understanding by 100%. Thank you

[@veneziagarcia818]

Paying $$$ to a University to learn virtually and you just saved me.

[@canatural]

Love your teaching style! Very easy to understand

[@ameerah7598]

OMGGGG I CANNOT THANKYOU ENOUGH U TAUGHT ME WHAT MY TECAHER TRIED TO TEACHER ME IN A FULL SEMESTER IN ONE VIDEO!! IM SO CONFIDENT FOR MY TEST NOW TYSMMMMMM (Ik ur probs not gonna see this since this was made 6years a go but still thankyou !)

[@ThisIsHandler1]

Dude, you saved my frickin’ ass!! My teacher was way too hard to understand when he explained it, BUT YOU, oh my god you’re the best bro!!! I can do this test I’m about to have. Much love to u mann

[@krisl6768]

I just started to learn about debiting and crediting and I swear it was not going in my head. NOW IT’S STARTING TO GO IN😭😭😭 tyyyyyy sooooo muchhhhhh!!!!!!!!

[@estellacohen7122]

Thank you so much! I've been looking for videos for hours and this is by far the best.

[@sarmientocharityfaitha.3208]

Watched 5times, tomorrow will be my long exam and the other day Midterm exam, thank you you!!!

[@spaceinvadersaw]

9 years later and this video is still helpful

[@robertoparacciani9150]

Great video Larry, well explained and well structured. Thanks!

[@surgingtides]

Thank you for this tutorial. Helps me a lot in reviewing basic accounting concepts ❤

[@xxjewel5814]

Even in 2024, this video helps sm !!

[@lilhash212]

I have been hating Acc. big time , but once i saw your videos and how you explain them man you made me change my mind . Thank you Larry .

[@helentamiru693]

I was having difficulty differentiating revenue VS acc receivable and you did an awesome job explaining it here and your pervious video thank you

[@Phantastikal]

Very nicely done here.. easy to understand as long as you know debits and credit rules in accounting

[@BuckwheatPlatypus]

Thank you for doing this. I start classes next week and I really want to do well. Im excited because debits and credits very recently clicked for me and following along this video was a good excercise for me!

[@RoOoRi100]

JUST TO TELL U .. I GOT AN A+ FOR REAL !!!!!!!!! OMG I'LL PRAY FOR U FOREVER !!!!!!

[@theaccountingtutor1]

Glad to know that you're doing so well, Rori...keep up the good work! Larry

[@rkr894able]

Rori cool that's awesome dude!

[@Samo-tp3zy]

lol

[@warpaint329]

So helpful, thank you! You're helping me get that MBA!

[@jamesdego]

Wish more videos could provide examples like these. Thank you!

[@sandrotsotniashvili2382]

It's so comprehensive and good explanation. thanks

[@rinkspatel3003]

you are going really easy way to teach. step by step. thank you soooo much.

[@beasteminent6158]

you helped me alot honestly. please continue to do what you do best ! :)

[@JahongirBekturdiyev-l8q]

Sir, thank you so much. God Bless You, Sir.

[@yana-qv4tk]

this video was posted 8 years ago and the clearer video i have ever watched

[@Mikeoxlong902]

This is very helpfull I'll keep this in mind when im going to major accountancy in college

[@nyashasmith1275]

Very, very, very, helpful and explanatory..... Thanks so much🤗

[@adamsstreams1334]

I believe this man has passed away...I feel bad because your videos made a whole lot difference to my understanding of Financial Accounting.

[@jonyD143]

Where did you get info that he passed away?

[@AmanSingh-mj9ix]

It's helpful to understand basics Thank you so much

[@adrianmathias3895]

Awesome tutorials to brush up... Thanks Larry!

[@scab14]

Love this example.

[@savannanash1449]

You’ve helped me so much!! I can’t thank you enough

[@2annec97]

Although a 9 yr old video but a very clearly explained and useful one!!! Thank you!!!

[@jovankakucinar2077]

So amazing explanation, the best in my life.

[@Relahxe]

This was a great practice! Thank you

[@gritpop]

Thank you for this. Fantastic. Truly appreciated. I wish there were 100 more of these haha

[@Omar-jy1gr]

Thank you! This is one of the best videos I've seen! :)

[@akeinujmac]

such a brilliant professor..i wish im gonna meet him

[@leechdestroyerbg6679]

Thank u sir,this really helped a lot even if it's just basic,it helps big

[@nebiu8258]

You don't know it but you are saving lives in 2022

[@taylorp8274]

You taught me more than my accounting professor ever did!! Thank you so much. Now hopefully I can pass this final

[@alyali8637]

very helpful .. now i know what's it all about ... thanks ... keep it up

[@Spince28]

Bless you Mr. Lazofson

[@rkr894able]

Thank you! I never had a clue about the ledgers at then end, even though my professor showed us how my most of the students were baffled.

[@Linkay89]

Thank you very very much. You are very helpful.

[@tomlindsay7861]

thank you, great video simple to understand

[@saquoiag]

Thank you sir! This video is very helpful!

[@yordanostikue1933]

tnx u open my mind on this basic accounting

[@danielyeroshalmi7492]

i watched 50 videos and this is the only one I understood

[@adriencabanel9126]

aaaye g, really appreciate it, much love from Germany and india

[@rahulsharma344]

One question - on line 28 why not we debited revenue account(Cash was debited) as this 5000$ was earning for the company for services performed?

[@KartingApexKing]

rahulsharma344 Because we issued credit. This was recorded as accounts recieveable which we debited. The revenue generated was credited. Ok so now we finally receive payment, what did we recieve? Cash, so we increase this by debiting the cash account. Now we bring down account receivables account, as the third party has settled their debt. How? We credit accounts receivables.

[@mikeynyc6857]

Would love to see you explain a income statement in relation to a balance sheet .

[@Somalioz2020]

Awasome

[@yetundeoni4876]

thank you for the video. I've never done accounting but want to have a knowledge of it, been reading textbooks, watching accounting videos and so far its been really interesting. but what i don't seem to understand is why asset increases with a debit and decreases with a credit. it seems to me like credits should increase assets. I'd so much appreciate an explanation. thanks in anticipation.

[@miriambonilla6407]

Thank you! I appreciate your help sir.

[@mdmax980]

Holy crap you just blew my mind. This made so much sense!!

[@ZamatoElite]

Very helpful, thank you.

[@mubeenshoaib799]

Thank you very much Sir. I hope you're videos r being monetised! :-)

[@stephanielanderos7859]

wow this was very easy to understand, thank you!

[@Rick1972mx]

Thanks, it was sooooo easy to follow.

[@GuilhermeAlves-ft8ff]

congrats, very easy to understand. thank you

[@nadiasweetland]

Great examples. Thanks!

[@sasosaso5995]

very clear. Thanks a lot.

[@Deathsight580]

Thank you for these videos!

[@farkhoddosanov994]

Great! Thank you a lot! Easily understood!

[@Monawaat_Shaeeka]

You saved my college life

[@hydrainarms3135]

If my accounting teacher explained himself like you have, my god i wouldn't have any gray hairs..

[@fathinmahirah]

thank you sir. u help me so much with you clear explanation😍😍😍

[@Natureblasts]

God bless you, You're the best

[@GloriaCopeland563537]

Thank you, love the way you teach

[@nassernathan]

I value your work

[@sharavv676]

Larry the guru of accounting

[@learnsomething6265]

Anymore videos like this?

[@khepeshimhotep1623]

This was great.

[@hussainalhamed302]

You are a legend ✨✨✨🙏🏻

[@pissunexus4714]

thank you for this great video !! helped me alot :)

[@Driving4bangers]

This is great review

[@nielc7449]

I’m taking the financial accounting but on my first exam I failed I got 58 and this is my second time taking this class coz I don’t understand anything about financial accounting class like the statement and cash flow and everything

[@tiarakirksey1633]

Thank you thank you THANK YOU!!!!