General Journal and Ledgers - Ch. 2 Video 2

[@duckewa]

This guy is great! Very simplistic method of teaching. THANK YOU MATT FISHER!!

[@Yip_Yap]

Had to watch and watch and watch some more but yeahh finally starting to come together, these videos are amazing cheers!

[@YasiAmirF]

I'm a student in teacher's college and these videos are awesome!! I will definitely show them to my students as extra help. Thank you!! :)

[@mYsuNmer]

I was going to give up my FA, then I found this. you are great, tks so much.

[@nicholastansy]

Thank you very much. You really make me understand the concept of accounting. You are a great lecturer!

[@skylersadventures870]

Thank you for your post! I understand everything when you explain it!

[@Rannbo]

I agree :) I have an accounting test tomorrow, and this dude prepared me well!!

[@ninatorres3399]

Thanks for this. i have learned more from you in an hour than what I learned in class in 45 minutes. great way of explaining things I understand accounting now at least the basics. It all makes sense now. i rather watch these videos than go to class lol

[@LegendKiller7841]

Thank you so much! I'm almost failing my accounting class and you just explained it so well. It makes so much sense now!

[@shanibird3265]

thanks so much! this helps! I haven't done accounts in 6 years and now im doing accounting two, totally lost! This helps. Thank you

[@cherishnguyen506]

Thank you very much for your useful lectures. All of them are clear to me. Now I feel more confident for my Accounting exam coming in couple weeks.

[@dominic9028]

Thank you for a straight forward video. I am working out of Wild textbook as well and you are more clear than the book. I finally understand Dr and Cr.

[@Fudgeey]

Thank you thank you thank you! Your whole playlist is gold, but I've been foggy on the whole general journal vs general ledger thing, especially considering most acct. software doesn't even require those entries anymore, but I'd still like to understand it. Thank you so much for your time and expertise!

[@talazaroug8667]

Watching this 14years later thank you sir!!

[@MrBeautifuluniverse]

Thank you Sir for making it easier for me !!! I was having real hard time understanding it before !!! God Bless :)

[@thenoblepro]

Thank you so much i watch this 2 hrs before my exams :D

[@Cristine0787]

So, wouldn't the ledger act as something like a table of contents for the journal?

[@mauroCCS09]

there are no limits to thanks you !

[@ksutton75]

Great video. Very informative. Thank you.

[@nmkone2207]

Love your explanations, they have really been helpful.

[@shahdola9635]

that was very helpful, you explain better than my instructor Thank you very much

[@626PAsaD]

You're a GREAT teacher!

[@Dumpstermuffin1]

thanks, i am an accounting student and these videos are really helpful

[@aribeironyc]

You are my hero! ! ! THANKS A LOT. The best lecture I have ever had on account. What book are you talking about??? Also where do you teach??? THANKS! :)

[@BillBurrows]

Great way of explaining it!

[@kingh2310]

This is very helpful. You should start making more videos, you can help people and also make some money from youtube

[@tepwilson7574]

seriously

[@JK41015]

I think you forgot to add a Posting Ref for the B. Jones, Captial account which is 301

[@blankcanvas3935]

Hope your vids would help me with my accounting exam tomorrow. *crossed fingers*

[@greatusmachado]

excellent way of teaching thanxxxxxxxxxxx

[@kmkcorner]

The accounting equation is always helpful when I'm figuring out if I debit or credit an account. Assets=Liabilities+Equity. If you have an asset, you had to purchase it with either your money (equity), or someone else's (liability).

[@Jacos09]

Very easy to understand now, thank you so much

[@kvin2kool]

Also how would one differentiate the balance in the Ledgers as credit and debit? Do we need to put brackets for debit balance, for eg. for the debit cash balance?

[@Saleh8]

Beautifully explained. Thank you Sir

[@kvin2kool]

Is my understanding correct that you should also put '301' as the Posting Reference for the B. Jone Capital txn under the Journal (below 101)?

[@raphaelteodoro66]

thanks, this video helps me a lot

[@dordiejan]

thank you soo much sir.............u have made it very simple and clear...............i have a liability of GIFT for u now

[@skbell1969]

I wish you could be my accounting teacher your patient and actually write on the board. I am in school and my teach just say read the chapter and do the work. I don't understand thanks to you you make it understandable. Thank you.

[@Happy2be4c]

Thank you this is very helpful!

[@vivianbaez385]

I can't find video 1 for this chapter. Can anyone give me the link?

[@tricolours92]

great explanation. cheers

[@hasanwalljee6843]

Great explanation. Really helped me

[@j53iliff2]

Nice video, Why is the $100 for supplies considered a credit in the cast account ledger? It seems like it is being debt-ed not credited from the cash account.

[@yashchandak]

i'd the same doubt but, it seems that we do almost opposite in ledger that we do in journal

[@Bilbus7]

you probably don't care because you posted 2 years ago, but I will answer for you. it's because you always credit an asset when it decreases, and debit an increase.

[@kotapaka]

Thank you - very useful.

[@sharifabahar6257]

thanks alot sir it helps me a lot . Excellent.

[@nerminmahran188]

Thank you so much.

[@mannheri]

Excellente!

[@YourMyPookie]

OMG i

[@ngawangtenzin4491]

thank you sir...well explanation..

[@iamanastrounaut]

Thank you very much!!!!!!! I finally understand it!

[@AsIWearsPrada]

omg you saved me. thank you.

[@alhamzamake9932]

that seems easy sir, thank you.

[@Voorleesmama]

In the second example (that of 5/2) you are explaining a transaction in witch " supplies" are bought with "cash". But shouldn't you specify the "cash" to lets say "accounts payable" or "capital"? Because "cash" is an account in the category "Assets" so if you use the term "Cash" the accounting equation would not really be in balance, because then you have two terms for asset and nothing to fill in for liab and equity.

[@lenkahorakova7357]

thank u Matt for a great explanation ]

[@blkberricreamcake]

your videos are sOooooo helpful

[@waimoo92]

hi id like to ask a question why DR totals =to CR totals and why total DR balances =total CR balances in the trial balance sheet?

[@maxwelljarman7785]

thank you

[@ilamlama1]

Thank you so much

[@skbell1969]

Performed services for 4,300 on account. Received 2,500 in cash from credit clients. How do you just read that an know where they go I have no clue in where to start and how to write it in a journal. That is the problem I am having just reading the problems and knowing you use cash and other account ? and then also how they go in the journal. How do you know cash goes on top and when it doesn't? Is there hope for me.

[@tyranta.devillier1791]

You are awesome

[@TheSugarplum770]

DO you teach any online courses? I'd be interested in signing up. Thanks.

[@anmarmeer2165]

Hi there, How come the first 10,000 become a Debit and the other 100 become a credit on the ledgers. Thanks

[@IONS-LEGACY]

if u follow the principles of double entry book keeping cash is an asset so its a debit entry, and whatever u record on debit it must also have a place on the credit side. so on the credit side the its seen as capital (the money invested).

[@applepie23692]

The first 10,000 is an amount placed into the business cash (+10,000) which is therefore increased with a debit. However, the 100 is taken out of the business to pay for something (-100) and is therefore on the opposite side to the increase. Debit increases assets, credit decreases assets.

[@gruezomarilyn]

Thanks for being clear. ^__^

[@ntokozoshange3463]

thank you sir this video really helped me alot>>>;-]

[@rtalk343]

Thanks

[@jenniferyang7]

useful, thanks!

[@melissawaterton4776]

THANK YOU!!!

[@MrHlestakov]

Thanks alot sir you saved me :D

[@Sreyz]

I didn't know Kevin Spacey was so good at accounting.

[@anmarmeer2165]

oooh I got it thanks a lot

[@44Speech]

thank man video help out

[@vanessahavana8901]

how would you do this with taxes ?

[@mhamedsadik1958]

well done Sir

[@mattfisher64]

I am using Fundamental Accounting Principles by Wild

[@enriquedsbc6959]

Super helpful

[@tyren818]

I need ur help, like at this moment.If u r online pls reply..

[@paristroll7168]

Thank you sir

[@MndeniMediaGroup]

Broe🙏🏾

[@samihasib]

thanks

[@QuixoticOdyssey]

you could be the love child of Kevin Spacey and Ralph Fiennes

[@scottsoenksen6262]

Accounting made EASY!

[@debdavenat]

@skbell1969 the debit entry always goes first.

[@Furyx10]

OH fked i was daydreaming good thing it has playback XD not like in real life...

[@wanfight]

@cookieandlulu Text book should be banned (being silly) but u r right textbooks only make simple things look complicated.

[@bettyrose14]

@skbell1969 We must have the same teacher. I wish I had enough guts to tell her she needs to show us instead of showing us slides with no examples on it.

[@ny1fanta]

lol I will be failing all my classes if without youtube

[@martinbriones1038]

thank you sir

[@totobaba7602]

thanks