T Accts DR & CR

[@sergi5122]

Matt, I felt like I was having a stoke when our teacher was talking about T-accounts and relations of debits and credits between different accounts. Your videos gave me a better understanding of core concepts than 10 hours of classes so far. Subscribed, and will recommend your channel to other classmates who are having difficulties. Thank you!

[@soulcake76]

You have no idea how this video has changed how I am grasping the concept ,especially how dividends would make OE go down. This changes everything and this is the beginning of my start to all possibilities in life - my life! Thank you so much, you have no idea. I have tears in my eyes - along with hope in my heart.

[@chaddefranche7399]

of all you tube videos in accounting, your tutorials are very comprehensive

[@soulcake76]

In order to acquire assets,we either borrow (liabilities) or get it from capital! Finally understand it!!!! Ahhhhh hahaha-so happy! Ask me anything about hair coloring, holistic medicine, etc but this stuff, don’t! But I will keep watching your videos and a few more tries and I will be telling you!!! Yay, cupcakes and unicorns!!!

[@craiga.brooksmba1002]

Working on two degrees at once and I think this video just saved my GPA!! Thank you for teaching.

[@romanmahad324]

wow you seem to be hardworking doing two majors ain't easy hatts off to you.

[@wendytaylor3153]

Wow.. thank you for explaining it step by step with examples. I was having a really hard time understanding DR and CR but you made it easy enough for an accounting beginner (like myself) to comprehend. Your videos saved me for my exam!!

[@angella3677]

The fact that he teachers better than my teacher who went and got a master's in this is pretty sad. Matt you are a life saver!

[@jasons.longia6641]

First of all, I'd like to say thank you so much Matt for your contribution to our learning. The explanation with the Dividends and Expenses still kinda confused me until I looked it over a couple of times and thought about an explanation to help. Debit = putting (money) in or gaining them, Credit = Borrowing money. The best way I could think of describing it "debit or putting in more money towards dividends decrease the value of the business, Credit - taking them out is better for the business. Same with expenses, putting/adding more money towards operating expenses is bad, taking out or lessening them is better. Essentially, I'm just paraphrasing what you've already said even further, but thank you again Matt, and hope this helps anyone who was racking their heads over that haha :D

[@mdjamalnidal774]

he deserves a noble peace price medal

[@meisam14]

+MD jamal Nidal prize*. I agree. Very succinct and effective tutor.

[@Lennononly]

Studying Finance for the MBA and your clips are beyond helpful! Thank you for taking the time and energy!

[@ironcarvel]

You are making me understand this for the first time. Thank you.

[@krystalpfaffinger8995]

So glad I found your videos! I'm so lost in my accounting class! Thank You!

[@MyDearKyoKun]

Thank you - I'm studying for my Managerial Accounting finals and this really helped me :)

[@justraven4055]

Thank you for helping! You just saved me from failing my exam :)

[@lilcolanicole4785]

Thank you so much all of your lessons are so helpful . God bless you.

[@2ndSeason4us]

THANK YOU!!!!!! I am taking Acct 211 online and using Wilds' book, you make it understandable.

[@DavidFavoriteMusic]

All Elephants Will (DR+) - Love Rowdy Children (CR+) Assets, Expenses, Withdrawals - Liabilities, Revenues, Capital

[@clareu9539]

So helpful! Thanks.

[@aliwatson8983]

That's great. thank you so much, Professor. I was so confused but now clues of what T accounts in clicking :)

[@wesleybarnes5376]

You rock thank you! and you look like a great teacher.

[@orangejuicerox]

i was a bit confused about the negative account under owner's equity. Say for example, a company decide to pay $10,000 in dividend, then we would debit $10,000 (in the dividend t-accout) and credit $10,000 under cash t-account? Am I correct?

[@cfogle1000]

You're a savior. Thank you so much.

[@roqaiahashem7582]

Thank you so much. I'm glad I found your videos really ^^

[@sebabuzo8162]

Thank you so much for this! This is excellent, super valuable content :)

[@otishawhite9861]

thank you so much for your videos.. been a great help

[@tareesescott3194]

THANK YOU, I was in college having panic attacks until I came across this video lol

[@wanicpolynice5243]

He is very good.

[@anthonyrandle8881]

I owe you my life.

[@hiyestudydiary]

Thank you so much for your videos Mr. :)) It helps me a lot through my university life. How are you? Its a long time since your last videos.

[@krissymcintosh849]

Good teaching

[@patrickmonkoe588]

Amazing.!! Helped me so much

[@qaispayman2934]

Thank you very much for teaching

[@tomochieng280]

A great teacher

[@joyfull2346]

Best of best. Period.

[@SuperBlack1337]

I remember it like this: DEAD CLOR..... (Debits Expenses Assets Dividends(or Withdrawals in the case of a proprietorship)) and (Credit Liabilities Owners equity and Revenue) hope this helps :)

[@NYRangersteve]

Thank you. Great Resource.

[@patricfurlife]

Thank you so much you are a god send

[@lisamccray6481]

He deserves a Nobel Peace Prize 🏆 medal.

[@Dan-Brr]

Dividends and Expenses credit Cash account, easier now, isn't it?

[@kamohelomapetja]

thanks for your help

[@katja1615]

Thank you SO, SO much!

[@ridhimagandhi2227]

Gr8 video...thx!

[@itsammar_]

ty so much sir this helped loads!!! :)

[@hectormercedes6553]

Hello teacher, im new in this area. i want to learn accounting. my language is spanith. do you think , can i learn it? i like accounting

[@monsuperentrepreneur3017]

Thanks so much !

[@Anvoc]

Thanks a lot , that helped :)

[@biogenie]

@mattfisher64 thank you.

[@yaboyyq]

Thank you!

[@notbigtony]

Thanks!

[@jessicatheuerkauf3554]

Champion

[@simranlageju]

thank you

[@benjaminlocker8484]

Donnie Wahlberg slays accounting

[@andrianadebnam906]

I understand the asset side of the equation but you lost me on the other side when you spoke about dividends and expenses. So for contributed capital credits increase because the owners claim in the business increases, and for revenues its the same thing because we are crediting money back to the business from our original investment.Then dividends and expenses are debiting( reducing) stockholders equity. I think I understand; just want confirmation.

[@CyberLA_Rudy]

No wonder companies need to restate earnings all the time! Accountants get mixed up lol

[@escapeejm123]

I think you made some mistakes now & again, were you should have said, "after every transaction your equation should be in-balanced" and you probably meant "after every transaction your equation should be balanced". Just re-listen to your video, you will pick it up.

[@crazycarlsju]

Says the guy who doesn't know the difference between "where" and "were."

[@krissymcintosh849]

Good teaching

[@raygaytan1836]

Thank You!