How to Prepare a Trial Balance

How to Prepare a Trial Balance with Wiley's Accounting Principles. Learn more here: www.wiley.com/...

[@Daveboy2k]

It's been over 5 years since you've made this video and it has helped me prepare for my exam. Thank you!!

[@BlitzBodyBeats]

What grade are you in

[@tnloneunhackable7141]

@david me too

[@Innovertraining]

Thank you for your clear and precise instruction. I love it when instructors are straight to the point. You made it easy to understand and follow. Thanks

[@yahyayaseen6907]

Wherever its payable its Credit

[@ttvdarwin7563]

Thank you soo much

[@mustafaalm4200]

And purchase return as well

[@nalumansimercy9655]

Wherever its payable, those are current liabilities, they should be paid within a period of one year, so don't get it like where there's payable, its credit, but instead, get it in a manner that where there's payable, those are liabilities hence liabilities go on the credit side

[@patricksutton7512]

Thank you so much for this video! I wish I would have found this about 3 weeks ago, but I'm here now! Not an accounting major but am almost finished with my BS-Business Administration/Management

[@user-mz1wu7nv9f]

I'm approaching my final exams and this is really helping me🙏🙏

[@linus2kmoney6]

only thing i can say is that i understand now because of you 👍

[@praveenkumarj.r8735]

Form this video it's easy to understand trail balance....but voice is low....tq!!

[@diana_d_wolf4562]

I literally have a test tomorrow for PoA and this really helps alot omg thanks you for this video!! And thank you for helping me understand

[@Moonlight_14632]

DEALER D-drawings E- expense A- assets Increase= debited Decrease= credited L- Liabilities E- Equity R- Revenues Increase- Credited Decrease- Debited

[@muhammadlee-]

I think DEAD CLIC is better. DEAD= D-Debit E-expense A-asset D-drawings CLIC= C-credit L-liability I-income C-capital This way you already know what is debited and credited by the first letter of each acronym.

[@jeonghansbiggestenthusiast6996]

This is unrelated but AAARRRMMYYYYY

[@wynterzzz4469]

@@muhammadlee- dude idk who you are but i literally love you thnk you so much may God bless you

[@nia7939]

thank you so much for helping me i have an accounting exam in 3 days and i hardly understand anything lol

[@zeenmohamed8751]

This video does no beating around the bush and explains very clearly. Thanksss a lot

[@iiKuipo]

you saved my life 🙏

[@suniavosikata520]

its 2020 and I'm having my exam in the next few days, this helped a lot omg thanks!

[@MoussaToure316]

Thank you. I really enjoyed that video it helped me a lot and I understand the trial balance a lot more now.

[@vimbaiveevivianmahove8145]

Thank you! Great video, it was simple and easy to understand.

[@aaronkeyala5097]

You're a life saver carry on helping us comprehend accounts

[@nighatsultana9070]

how to prepare trial balance after balancing off t accounts

[@jlorlin8767]

Thank you so much it helped me in my exam 😭😭😭

[@nekoyamaanna3798]

wish i'd found you earlier. have to re-sit for my paper.. again.. probably.. since im definitely failing this re-sit. hope you make more vids!

[@Abhishekn._]

Me too preparing for a supply exaam Chheers ☺️

[@isabellekimp.guitap7507]

thanks you save me on this grade 10 course in accounting

[@kennethfortugaleza5073]

how do you know if which 1 is debit and which 1 is credit?

[@suniavosikata520]

-- Current Assets-- -cash in hand -cash at bank -accounts Receivable / debtors -petty cash advance/imprest -stock/inventory -income due -expenses prepaid --Fixed Assets-- -Land -Building -Furniture -plants and machinery -equipment -motor vehicles -fixtures -fittings

[@komeesimagbele3140]

Exactly

[@aliakber8556]

Coz assets, expense, drawings and a/c receivable will be debited and liability, owners equity, revenue,contra a/c will be credited..in the situation of increasing of amount.

[@user-zf3zr5wb9t]

Guy good job

[@suchz79]

Great help. Thanks for sharing. Permission to share this also.

[@user-ig3bm9td9q]

so good

[@Hacker-cl2wl]

U saved my life

[@Jimmy-yh1qq]

Why did you start witch cash and then moved all the way to the bottom of accounts receivable

[@tnloneunhackable7141]

Omg dude u SAVE my life

[@lifewithkadii6442]

how about cash in hand is it debit?

[@aydenpollard2248]

This was unbelievably helpful. Thanks so much!

[@jubsfash]

Owners capital is liability, can u explain please

[@chamanlalsharma5292]

what about discounts allowed or receved

[@robincao5933]

discount received is on credit side, discount allowed is on debit side as u can see it as an expense

[@suniavosikata520]

-- Current Assets-- -cash in hand -cash at bank -accounts Receivable / debtors -petty cash advance/imprest -stock/inventory -income due -expenses prepaid -Fixed Assets- -Land -Building -Furniture -plants and machinery -equipment -motor vehicles -fixtures -fittings

[@cyrusmoorcroft1350]

help i dont have notes payable, salaries and wages payable, service revenue and salaries & wages revenue on mine. (L. Patel unit 2 TVO ILC baf3m)

[@user-jt2jl7vz3s]

very helpful, thanks!

[@hinami3616]

Thank you so much

[@official_PapaYaw]

Why is it that supplier having a debit balance intends of credit sir I need an explanation

[@Nymul_Y]

supplies are an asset because you own it

[@nioxi]

Could anyone help? Is it A?

[@asharani-cn3pf]

Thankyou so much

[@MK-pj3ek]

Great

[@yosafatyeo4605]

Here I am after my midterms wondering what my friends meant by balancing the trial balance. Oh shit

last video i saw expenses were under credit, here they are debit. accounting makes no sense!

[@Abdulrahman65440]

100k YaYa it make sense. The total at the end lest you know that there is no cheating goin on

[@masror_ah]

Thanks

[@SandeepKumar-ux2ch]

Thank you

[@victorngala]

And what about stock??

[@moboobie]

You leave closing stock out of it but you can put opening stock in the trial balance

[@aliakber8556]

Where is revenue?

[@nihmathurrahman6265]

Thanks a lot

[@user-zf3zr5wb9t]

😂 bad guy they drink garri

[@everyoneeverybody2046]

If this doesn't help I'm done with accounts-

[@malykadin1241]

Well what happened?

[@kundankumarraj8899]

Hello

[@razwanshlak908]

theis video very delicious