General Journal and Ledgers - Ch. 2 Video 2

Entries into the General Journal and Posting the Ledgers

[@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!

[@mauroCCS09]

there are no limits to thanks you !

[@nicholastansy]

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

[@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.

[@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!!

[@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!

[@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

[@thenoblepro]

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

[@maxwelljarman7785]

thank you

[@MrBeautifuluniverse]

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

[@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

[@BillBurrows]

Great way of explaining it!

[@rtalk343]

Thanks

[@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.

[@626PAsaD]

You're a GREAT teacher!

[@nerminmahran188]

Thank you so much.

[@nmkone2207]

Love your explanations, they have really been helpful.

[@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.

[@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!

[@mannheri]

Excellente!

[@shahdola9635]

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

[@Dumpstermuffin1]

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

[@greatusmachado]

excellent way of teaching thanxxxxxxxxxxx

[@Happy2be4c]

Thank you this is very helpful!

[@ngawangtenzin4491]

thank you sir...well explanation..

[@ilamlama1]

Thank you so much

[@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)?

[@YourMyPookie]

OMG i

[@kotapaka]

Thank you - very useful.

[@alhamzamake9932]

that seems easy sir, thank you.

[@kingh2310]

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

[@tepwilson7574]

seriously

[@melissawaterton4776]

THANK YOU!!!

[@tricolours92]

great explanation. cheers

[@raphaelteodoro66]

thanks, this video helps me a lot

[@Saleh8]

Beautifully explained. Thank you Sir

[@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?

[@iamanastrounaut]

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

[@ksutton75]

Great video. Very informative. Thank you.

[@Cristine0787]

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

[@JK41015]

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

[@hasanwalljee6843]

Great explanation. Really helped me

[@dordiejan]

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

[@lenkahorakova7357]

thank u Matt for a great explanation ]

[@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.

[@Jacos09]

Very easy to understand now, thank you so much

[@AsIWearsPrada]

omg you saved me. thank you.

[@tyranta.devillier1791]

You are awesome

[@sharifabahar6257]

thanks alot sir it helps me a lot . Excellent.

[@gruezomarilyn]

Thanks for being clear. ^__^

[@jenniferyang7]

useful, thanks!

[@mhamedsadik1958]

well done Sir

[@vivianbaez385]

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

[@anmarmeer2165]

oooh I got it thanks a lot

[@blkberricreamcake]

your videos are sOooooo 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! :)

[@blankcanvas3935]

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

[@samihasib]

thanks

[@paristroll7168]

Thank you sir

[@enriquedsbc6959]

Super helpful

[@QuixoticOdyssey]

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

[@TheSugarplum770]

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

[@MrHlestakov]

Thanks alot sir you saved me :D

[@44Speech]

thank man video help out

[@Sreyz]

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

[@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?

[@Furyx10]

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

[@scottsoenksen6262]

Accounting made EASY!

[@ntokozoshange3463]

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

[@mattfisher64]

I am using Fundamental Accounting Principles by Wild

[@vanessahavana8901]

how would you do this with taxes ?

[@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.

[@debdavenat]

@skbell1969 the debit entry always goes first.

[@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.

[@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.

[@wanfight]

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

[@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.

[@tyren818]

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

[@ny1fanta]

lol I will be failing all my classes if without youtube

[@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.

[@martinbriones1038]

thank you sir

[@totobaba7602]

thanks