Rules of Debit and Credit

[@dkoaaaaa]

If you simply want to know the rules of credit and debit, skip to 10:20

[@mallannaaikur8509]

Mr. brother. How to go and see that please Tell me

[@rodineblair2584]

SpaceBread thank you!

[@AHMADANSARI-er2zc]

mallanna aikur.

[@imaytravel]

thanks man :p

[@umasrivastava9523]

Thanks, haha

[@simhadrinandini282]

Golden rules for Debit and Credit: DEBITS: 1.What comes in??? 2.Who is the receiver?? 3.All expenses and losses Shall be DEBIT. CREDITS: 1.What goes out?? 2.Who is Giver??? 3.All incomes and gains shall be CREDIT. EXAMPLE: David purchase laptop for 800$ What comes in is LAPTOP-so LAPTOP shall be DEBIT What goes out is CASH- so CASH shall be credit.

[@shikurohakuro3817]

nice man

[@joelbarigye1297]

Thanks

[@Casayrrr]

You save my life

[@husseinabdihakim144]

A simple elucidated explanations e thanks

[@iampakistani4092]

Fantastic👍👍👍👍👍

[@coloradochicmeeee]

I used this to help explain Debits and Credits to my daughter. This was the most effective video on KZbin! Thank you.

[@shazzz2909]

Thank you, whole load of essential accounts explained in less than 15 minutes. The only tutorial that explained what I was looking for. Great work.

[@greenspringvalley]

This is the best accounting video that I've found after searching for several hours. The others don't explain, but this video explains with small examples.

[@Nicholas-wb1lv]

Thank you for this video, You and Mr Rogan Colbert have really made my financial life wonderful

[@laurenmoore8718]

I'm surprised you know Mr Rogan Colbert too, he has been helping me invest in forex and i make close to $10,000 weekly

[@lakshayp2715]

I just began trading forex but i have not been able to make profit for myself i have been losing a lot, Is there a way i can reach Mr Rogan Colbert because i need his help to help me earn

[@gregorydavids4411]

Heard a colleague of mine who just bought a new car give appraisals to this man for helping her out

[@Nicholas-wb1lv]

​ Lakshay P You can communicate him so he can help you out Roganfelixcolbert(a)gmaïl-com

[@yttoday3076]

This video explains a lot and i have really learnt some new things from the lecture

[@SanjeevBeekeeper]

This is the most clean explanation, thank you

[@angelina_jay]

I have my first accounting final tomorrow and I have been confused about debits/credits the whole year, this video has really helped! ty I hope I do well:)

[@cashmanagerlimited525]

Debit and credit -- the two powerful words in accounting. Thank you for clearly explaining this.

[@sereydaluxbun6533]

It helped very much. You explained it patiently and the visual with the drawings and writing down the terms worked for me. That is how I take notes when I go to a new job to learn the first few days so I loved it. Thank you so much for explaining these terms in such a basic sense. I have never taken an accounting class and am finding I need this knowledge in my current role. I really appreciate the way in which you are able to explain these terms to someone who knows nothing of these subjects. You've really helped me gain an understanding of these terms

[@artificialacapellas]

i've been going to class every day for 3 weeks and didn't understand these concepts until i watched this video. Thank you!!!

[@Yaddehpaddeh]

One day before my exam! This video was a life & timesaver. Thanks for the help. Keep up the good work!

[@undrallavenkata]

Awesome Madam, I have gone through many videos on this concept but I can say this is the best video anyone should listen to, you have got a wonderful teaching skills, thank you very much!!

[@baitullah8227]

wow you are the best teacher of my life........ i salute for you teaching methodology.

[@mks1947]

U have explained in a very simple manner .. even a layman can understand

[@basilkuriakose896]

THis helped me so much.. I was so confused by the way my professor was explaining but you have clarified it perfect. thank you very much

[@Heshamst]

I strongly believe that teaching is a talent, and you got it. Thank you very much for this useful explanation, keep it up.

[@charlesg7926]

I couldn't understand her accent though

[@mohamedabdullahi6694]

you have explained this nicely. i was always having problem what to debit and what to credit. THANK YOU SO SO MUCH!

[@dinalark1063]

Thanks so much. Explained where I can understand it. Watched 5 videos and this is the one that makes the best sense. Thanks so much!!!!

[@BangaruAmarnath]

Great work. I was so confused about which account will be debited and which account will be credited.

[@TheFosroc]

Best explanation I, as novice, came across. Thanks.

[@sirtatay4688]

Excellent. That's exactly what accounting is. Thank you for sharing your knowledge.

[@pixelthirst7282]

A simple and easy to understand tutorial. Many thanks!

[@suhylasisi28]

Pixelthirst

[@bakhtawarbukhari3134]

i was very confused in debit and credit but now i can understand tysm

[@sureshmu4101]

Really very useful video. And I am expecting more.Thank you.

[@motumahaile4548]

How nicely you explained. God bless you!!

[@Arun_Sam]

Really amazing and clear explanation...Thanks a lot

[@mirhamza1928]

One of the best video This video is help me to much

[@augustayarteh7524]

ooh my God this is a sound explanation for me to know more The name of the book i hear first is called quick book. quick nook is not for computerizing Accounting am just asking because i used it to work on different accounting this is a great explanation.

[@manoj.advani]

The is the best way that you are teaching us...

[@ReD-id1pk]

precise examples and explanation...loved it! 😊

[@tlacie99]

Wow great explanation of this!! 😊😊😊

[@artemis1306]

I got a failed score here in our accounting quiz coz I still don't get the rule when to debit or credit. But hey! Thanks for this video I'm now getting and understanding it well. Great job! I hope I can ace our next exam 🤣✌️

[@RC-tu6hx]

Very nicely explained and simplified. Thanks.

[@Cris-hk4cn]

Excellent job explaining basic accounting. Thank you

[@deepakdayalan2185]

Very Good ENGLISH AND WELL EXPLAINED, where we never do mistakes. I also appreciate all Finance Train people for their very useful initiative. I request on behalf of Indian Students, also upload for CA, CS, CMA students their syllabus and subject-wise video lecture for poor students. There are many people uploaded video lectures on many subjects, the problem is none of the TUTOR knows ENGLISH. Like me students are not able to understand the local and Regional language video lecture. We expect that you will upload your video lectures only ENGLISH Subjectwise, for CA, CMA and CS students.

[@shainemaguire64]

Thank you for this series. It is helping me understand accounting for my business as a Notary Public, and also in the design and implementation of my own accounting/CRM application I am developing for my business.

[@gmygmy3424]

thanks vvv good explain its clear and easy thanks vv much for your effort

[@aswartnaidu2324]

very usefull to beginers of accounts students.....

[@gatluakhothpajok8161]

thanks you very much for your interesting lesson that you have given to us please give another one !!!!!!!!!!!!

[@middleclasspeople8898]

we watched your all videos super and we shared with our friends & relatives.

[@MrAzamsamad]

Thanks for a very nice explaination, please also tell us about Real, Nominal and Personal accounts. Thanks

[@shamimshaik8382]

just bumped ...held up due to voice ,,so soothing ...similar to Deepika padukone ...

[@samang127]

Very clear explanation. Thanks alot.

[@safeeraziz792]

Accounting work is based on practical experience not just on study if you want to learn more about accounts work you will have to work in any financial instituition/Audit firm/Any accounts department for better tomorrow.

[@manzoorahmad7911]

Excellent Definitions Thanks for video

[@TNHusband]

Your way of explaining is very clear I subscribed

[@linde_learn3892]

This is very good. Thanks. Helped a lot

[@_ericaeleazar]

You're 10000000000000x better than my teacher

[@lakshrao5472]

amazing video, really helpful.Thankyou so very much....

[@tjitemisajudika3513]

wooow thanx was very hepfull,, well explained

[@hakanoner1995]

Fnck this lesson, I hate accounting. I will drop the college ! EDIT: I passed the course with B+ and I'm graduating this year :D

[@ШолпанСатенова-к4р]

+Ken Adams do not drop. I am 44 years old, but I learn accounting

[@charleskieti]

+Ken Adams Hey man first you funny, your comments as I where next to you and you say that in front of lecture suddenly laughter comes....but man do not think of dropping keep trying you will become an expertise in transaction!

[@kumaresanthangavel8814]

r u mad if u dont like ok.why u using like these words chee😒

[@tysonking3750]

Good work bro!

[@janetchenelle8945]

😂😂🥳

[@vmjz13]

your explanation made it so easy to understand THANK YOU SO MUCH!!!!

[@tafichiwanza6456]

Thank you so so much... You and this video are a life saver

[@mohammadshahab387]

Tafi Chiwanza juju

[@ramshiva4092]

Thank U for sharing Ur knowledge........ please give some more example where expenses credit and Income debit.........

[@abdikadiradenwantahab]

Thanks u help me a lot to understand this topic

[@mayasinan4638]

Great video thank you so much

[@williamg311]

10:25 , This is what i was looking for! Ty

[@hanf4415]

Thanks

[@unad5]

@5:21 "Within assets, the two accounts affected are cash and laptop accounts." Was it supposed to be cash and equipments? Anyway, such an awesome tutorial! This definitely gave a better explanation compared to my teacher... lol EDIT: nvm my question I realized it's indeed laptop accounts based from the rest of the video.

[@حلمنادر]

very good. .thanks very much

[@christelegebrael6271]

THE BEST OF THE BESTTTTTTTTT🔥🔥 🔥🔥😍😍😍😍😍😍😍😍😍😍

[@skeiltte]

Sorry to be off topic here but is it just me or does she really sound like Deepika Padukone? =P

[@khuramchaudhri2048]

absolutely

[@huyle-vy5nl]

Zehra 7 Ce-

[@542pixie1]

Amit A maybe she is Deepika :o

[@imaanparkerr]

Yes 👍🏻

[@raksvideos5341]

agree with you Amit A

[@TheSnickers31]

Thank you, this was very helpful.

[@maniamts3342]

Well presented ! Appreciation to the author!

[@akshaysonkar5587]

Thank you for this video ❤️

[@mrsrkentertainment3432]

Very helpful video thanks mam so much

[@clairewachira7305]

I liked the way you are teaching keep it up

[@YusufSpl]

very logical,clear and brief....:)

[@vyshnavakumar2553]

Perfect explanation.. Thank you

[@aswiniperamsetty4723]

Very use full mam exlent ,,

[@harundaddy]

can you please explain to me how purchase of a laptop is not an expense? wouldn't it be classified as "other expense" after the gross profit sales - cost of goods sold ?

[@MusicalTouchIRavi]

Laptop is the Fixed asset and Asset always debited so .

[@harundaddy]

Ravi Musical Touch yes it would be in the balance sheet but isn't it am expense since you paid for it ?

[@MusicalTouchIRavi]

Habar Yahuud - Purchasing Laptop is the Capital Expenditure . It is not a Revenue expenditure. All capital expenditure are entried in Balance sheet only. And all revenue expenditures are entried in P&L only.

[@MusicalTouchIRavi]

You are purchasing Laptop means either u will use it for office use or personal use. If for office use it mean capitalised and this is capital nature expense so will show in BS. If U are purchasing laptop for personal use. then this will be ur drawing. which will reduce ur capital. And 1 most important thing that if u r purchasing laptop then it never can be a revenue nature expense.

[@lifeadvice3293]

At around 5:28 you said expenses aren’t affected, but I thought expenses were things you pay for and you paid for the lap top. I’m not understanding.

[@debb6456]

Thank you so much, you made it so simple.

[@alexclassesDewas]

Nice explanation. Thank you.

[@NevaehBeatez]

How do you handle equity when you're doing personal finances? Would income from working be considered income in your journal or equity?

[@josefinschwartz8309]

extremely good explanation!!!!!!

[@barlettamanicure2676]

mind blowing information .

[@merhawithagos4895]

Very help full thank you so much

[@rodrigopalomino6603]

excellent, project. I appreciate it. Thank you very much.

[@ishow252]

i also understood your video and thank you bot i want to know neatly what is debit and credit

[@sunnyshah1624]

Up

[@sam56094]

amazing tutorial i sucribded

[@yeshna8181]

am in love with ur explanationawesome

[@melodyvalenciano7996]

Her explanation is more understandable than my teacher. Lol

[@artemis1306]

Same 🤣

[@Holyghostpower.]

Ofcourse i understand her moreee

[@willimenapotter6120]

U r very professional, n made 8 understanding n very simple. But how can I go further?

[@rajhynez]

Thank you very much, this was truly helpful.

[@varanasivaishnavi8822]

This vedio is nice if possible cn u upload partnership accounts and company accounts

[@saadyahmed9718]

thank you for teaching seriously

[@shanegepilano7071]

thank you for sharing your knowledge!

[@umairrehman3369]

Extremely well explained! Would be even nicer if u included more examples and not only 2. Nevertheless ammazing!

[@mafik90]

Ok I have a question . So I have insurance that i need to pay . I already made initial deposit and the rest of the balance will be a month to month payment . I would like to know how should i record this ? Is this separate to accounts payable ? Thank you .

[@karsy579]

+Aslan Ibrahimo I know that you at least must refer to the transaction principal, which states that expenses and income shall only be recorded when the resource in question is consumed. So you shall record insurance service as it is consumed. For example if you pay for 30 days in advance you have just made an asset. But it will be used and become an expense every day or minute after the purchase. Depends on what period you operate with. This is about the principal that all revenues shall be recorded at the same time as their respective expenses.

[@mafik90]

karsy579 So pretty much , insurance expense should not be recorded in anyway in balance sheet ? I guess i should keep it as expense in Income statement .

[@karsy579]

Aslan Ibrahimov No it must be recorded in the balance sheet.

[@karsy579]

if it is relevant that is. meaning prepaid or given in advance.

[@charlottetolintino9306]

+karsy579 DEBIT PREPAID INSURANCE SO RECORDED SA BALANCE SHEET AND CREDIT CASH.... REFERRING AS FAR AS I UNDERSTAND...

[@brookemccullough7771]

This is SO helpful! Thank you!

[@sampak775]

DEAD CLIC rule is more easy to understand and very helpful to understand debit and credit

[@tomsherpa3964]

Well this is well short video with much knowledge....but what about three accounts for ledger ; real account , personal account and nominal accounts?? Please post some videos related to translation of journals to ledgers.....thank you teacher.

[@iseeflowers]

How come the rent can’t be an expense but instead it is rent payable? 8:02

[@JayJman1000]

very, very well done video, thank you!!

[@AnuragMehta]

Excellent presentation. Thankyou. Where can we find the document 'case studies' as mentioned in the video?

[@abasalimohamed]

Fantastic 😍

[@abhijitkumbhar9637]

very nice teaching

[@yohannatong4305]

This is great, thanks for that ma'am :)

[@veereshbiradar4760]

nice to teach................................

[@nidhivjpy]

Veeresh Biradar