The secret of debits and credits

[@johnb9005]

Thanks. I give you credit for having one of the clearest and concise explanations. Using the zero and the red and green arrows are very beneficial for those who are visual learners. I have been searching for an explanation that would help me grasp how debits and credits work, and yours is the one!

[@lauriereinhardtreif8169]

Me too. Ive been searching for something that made sense. This one.

[@mcash2508]

I've been trying to make sense of debits and credits for 6 weeks of my first semester of school for my associates in accounting and I have been so lost. This helped tremendously!

[@chantastique]

Incredibly helpful way of explaining to a math inclined, visual learner like myself. Bravo!

[@manaralsalim7530]

Your a living legend my man! I’ve been taking accounting for just over a year and never could wrap my head around the whole debit and credit situation but thanks to ur video I feel comfortable with this topic THANK UUUUUUUUU

[@marysandee7647]

FINALLY! Thank you for a tool to use when trying to figure out where to place the debits and credits. The arrows honestly simplified this for me and took away the great mystery that was leaving me to be so lost!

[@andrewasonibare]

You, Sir Al Wallace, are a true hero, a hero's hero. This should be a Ted talk - thank you for taking the trouble to teach it!

[@hychua6452]

Your explanation was excellent. Clear and simple to understand. Thank you!

[@farizanroslan]

Crystal clear! Thank you for explaining and sharing this wonderful lesson.

[@maringuta6667]

I've watched soooo many videos trying to understand this concept, but it finally clicked with your visual! Thank you for uploading!

[@RapidEye1]

Incredible! I never comment, but this time i had to. So clear and simple explanation. I have been wracking my brain for days to try and understand balance sheet accounting. This should be taught just like this in every accounting course!

[@kulveit2901]

Genius. Although I've already understood the normal balances, but your perspective is really unique and easier to master. Many of my classmates are still confused at this matter, and my instructor can not find the other way to help them out. I gave this video thumbs up when I watched it at the first minute.

[@Economics21st]

Try this one: Anything which increases A-L-E is a debit. Anything which decreases A-L-E is a credit.

[@mistybale3920]

You my man are a bloody genius!!! Thank you for explaining it so I can understand. I have a test to complete and could NOT get this. Now it's simple. THANK YOU!

[@awallace0002]

Thanks for the kind words

[@lexorandipremier9427]

This is the best explanation of debits and credits I have ever seen. Ya see... HOW things are taught is as important as WHAT is taught. Well done, Al Wallace!

[@davekrug5465]

This was the best explanation of debits and credits that I have encountered. I just couldn't wrap my head around it until now. This has helped me tremendously in my Accounting I class. Thank you!! Thank you!! Thank you!!

[@christibell7436]

Oh. My. Gosh. You actually made it make sense. I have been so confused for YEARS. THANK YOU SIR! You rock. Thank you for having a passion to teach. Thank you for teaching me.

[@angeliquecordes956]

I have been absolutely stumped by the concept of WHY things worked the way they did with T accounts in the expanded equation, and suddenly the lightbulb went off. Thank you!

[@katherinegarcia4338]

Spent 3 weeks in class lost with this concept, literally 5 minutes into this video it clicks. Thank you for explaining this!!!

[@morganhayes728]

Why did my professor not explain it this way? Thank you so much! You are a blessing.

[@pora4]

12 weeks of uni, didnt get it, 5 mins here, understands it completely hahaha

[@giulianasilva3579]

Strongly agree.. I trashed $500 in my accounting class.. while here I leaned it for free..

[@isapius2823]

hahaha very true.... now for i do most of leranings on youtube let it be on sickness, graphics, coding..all on youtube cause i easily understand here

[@rajaismail8490]

So true! I watched hours and hours of videos, and still didn't get the Debit vs Credit concept, until I landed on this one. This has a simple formula to understand the two. Going towards or away from 0, is the best concept, a fundamental concept, to understand Debit vs Credit. Hats off to Al Wallace!

[@TebogoMotlhale]

Yep ! i Don't remember how MANY times i've told people that if your child isNT excelling in Maths at school, the problem is . . . . . THE TEACHER, period ! Not that the teacher is GENERALLY BAD, but to be exact, the teacher is GOOD for OTHER kids, but his style of language, communication and choice of examples, do NOT match your child's WAY (style of language, comm., examples) of perceiving things, Teacher-to-Learner brain-wiring mis-match !

[@DurgaTelugu76]

Hi sir nice Explanation of Dr.Cr. concept ...

[@davidkristianto2634]

mind blown.... so this is how you visualize it! you're a life saver sir, thank you very much for this explanation.

[@TheyDontKnowImHere]

Just wanted to say thank you. I’ve been struggling in my Accounting class for weeks now; everything seemed so complex and convoluted. This method is so beautifully simple and intuitive. You really made my day. I have some hope walking into my midterm this week. Thank you again so much for sharing this!!!!

[@fabuhaimed]

I really appreciate you, you master it very well. I was confused and could not absorb it. With your explanation, I will not miss it at all. Thank you

[@Oscar-rd3bm]

Had so much trouble understanding other accounting videos you explained it so well that it was easy to understand. Others teach you like your in Harvard but you teach it so even a 6 year old can understand. Thank you very much.

[@genevieveferrel8308]

Wow!! Awesome video. The simple hands-on method that you teach made so much sense vs. having to guess which side the values are to be placed. Thank you

[@kaygeebee]

Fantastic. I also like to classify income and expense accounts separately so you can then demonstrate the linkage of the Income Statement to owners equity. Keeps things really clear.

[@cliffsmith4438]

Thanks! Worked in a bank when i was younger, started my own business and struggled to understand why everything is backwards in accounts ever since. Never seen it explained till now.

[@lauriereinhardtreif8169]

Thank you so much!! I could not understand this credit and debit concept. I was equating credit with plus and debit with minus and I was so confused! This make so much more sense! why don't they explain it like this in school?? feels good to get it!! I want to hug you.

[@user-zf6sl5hv9c]

OMG - I have just watched about 6 videos trying to understand this and FINALLY I get it. You have explained it well! Thank you :)

[@jennaburris9182]

I'm currently in an online 8-week Accounting class through Indiana University that is completely self-taught. I was really struggling to grasp the concept of debits and credits, but this one video helped me so much and made the explanations in my textbook so much clearer!

[@abigailb8102]

Thank you so much for this video! I could not understand the debit/credit concept in my accounting class for anything. Now it makes perfect sense!

[@sbw1242]

Wow, you are amazing and I love the Arrow analogy. You make sense and it's very helpful! Thanks so much!

[@piranilife5197]

I have watched 15 videos trying to grasp this. Definitely the best video I have seen!

[@user-th2mf6bb4x]

I have always struggled to understand and remember debits and credits. However, after this video I won't forget thank you very much.

[@andrewfolse585]

Hands down BEST explanation on KZbin!!!!!! Good work and thank you!

[@colond]

You took a confusing concept and watered it down to simplicity ... nicely done ... thanks for taking the time

[@yeadon97]

I've been struggling so long now but finally got it thanks to this! Thank you sir!

[@Masteridea101]

man.... Great one.. 6 hours of mine cleared in 5 mins.. God bless u

[@kseeley7082]

Wow! I understood immediately. I am in week three of Accounting one, training to be a bookkeeper. I already get it thanks to you!

[@daltonm8475]

the feelings to finally understand this is incomparable, great explanation

[@Texas_Painter]

I FINALLY understand!!!!! Thank you for taking something so confusing and making it seem SO simple!!! Brilliant!!!

[@Engine600]

Thank you for explaining so we could understand it. I could not get it through my head until I watched.

[@BlueMoonKhoas]

You saved my career choice! The towards zero concept really helped me connect some important dots!

[@EvolutionAutocrosser]

Fifteen years ago someone told me accounting is not about math - it’s about rules. I didn’t understand it. But now that I’m learning accounting it all makes sense. To learn accounting you must first learn the rules of accounting or it won’t make any sense!

[@neondiamondsaquaberry17]

Wow priceless video right here, I’m starting an accounting class in 4 weeks and this will be a tremendous help, thank you sir !

[@philipweer7389]

Wow!! Been through a number of videos trying to understand this, FINALLY !! Accounting made VERY easy. Thank you, thank you. Please post other accounting topics.

[@henry6479]

I've been through so much videos and lecturers explaining it to me, i finally can say I understood the logic. Your technique is amazing!!! Thank you so much! I nailed my MBA because i could not understand that tiny details!

[@TheSamilyn]

Excellent explanation, would have helped so much when I was still attending. Thank you for posting, I see in the comments it has helped many others.

[@angelenicole1243]

That 0 just saved my life I've been watching KZbin videos since 9 this morning and 2 days chapter reading and you put it in a way I can find the understand thank you so much

[@Nicholas-wb1lv]

The secret to debit is buy expensive things that are meaningless and won't appreciate with time , While the secret to Credit is investing in the little way you can for possible massive returns. It's funny how the school system don't teach that

[@leduong5459]

Great point, It's funny how the school system teach a lot of irrelevant stuffs about credit instead going straight to the point and hit the nail on the head

[@nevilleoscar6613]

According to statistics, the world will face a major economic recession in the coming year, and are you planning ahead for it?

[@aldrichbyron5748]

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[@derekrodney2932]

I want to make money too can anyone recommend me to any wall street trader?

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[@novellsaleh2434]

very helpful, you are such talented teacher.

[@marissauzeta7174]

the red and green arrows made it easy to understand where to place the transaction, thanks

[@jodikelley1854]

4 weeks of Financial Accounting I class and watching this video I get a lot better understanding after 12 minutes of video versus textbook reading after 4 weeks.

[@accountingforbeginners9210]

There is a lot of good staff here,well done

[@PPL4LF]

Al, that was very easy to understand, thank you for making this recording, I look forward to watching your other instructional videos as well.

[@beatrizaguilar5705]

OMG, Thank you so much!!!! You are AMAZING!!!! Please keep making more great videos!!!

[@sobeg]

Classic discussion and presentation. Nice.

[@mohamedfarah7762]

Your explanation is excellent thanks a lot.

[@Hugo-xj2mj]

This video is so good my teacher showed it to us in class, and I'm from Portugal, thank you sir!

[@Adivhaho1]

Thank you, your explanation was simple and easy to grasp.

[@edwardbearjames2916]

I'm really impressed!! This is one of the hardest parts and you nailed it! Thank You! Great job!

[@billygoe6179]

This is an excellent explanation of debits and credits.

[@christopherwillson]

It's insane that we haven't found a better way to do this that people can understand easily

[@christopherwillson]

@@stevexracer4309 I think you're right

[@Techwem]

You deserve millions of likes from my side...brilliant explanation and clarity personified

[@mzerocoolm1984]

This has to be the BEST video ever explaining debits and credits!!!

[@japhethlau5456]

I cant thank you enough. Brilliant Work

[@jspoosener6729]

This helped so much -- thank you. What a beautiful accent you have.

[@tjo230]

Whaoo. In 12 minutes you simplified an otherwise complex process. Thanks

[@Mebeece]

Thank you. And Thank You for explaining why I was confuse in the first place.

[@HP-jz9jd]

The first 1:39 of this video is exactly what I've been searching to understand this whole time! Thanks lol

[@TheDigitalAgeSage]

Explaining that its NOT (+) or (-) on each side VERY important. Thanks!

[@neebomar]

Thanks so much for your video. It turned on the light and answered the question about banking!

[@nickfleming3719]

No memorization required, it's all intuitive Credit > the source, "give him some credit" Debit > the destination, receiving, being "indebted" In every transaction, some account is the source of money (it gets the credit), and another account is the destination of money (it is indebted). You earn a fee from a service. The source of money is the "fees earned" account (credit), the destination (debit) is the cash account. You buy a building with a loan. The building is the destination of money (debit), the loan is the source of the money (credit). You pay back a loan with cash. Your loans payable account is the destination of the money (debit), your cash account is the source of money (credit).

[@timmyotoole6063]

I feel like T accounts make learning accounting so much more confusing than just seeing entries be made straight to the journal

[@xinronghao7648]

You need to categorise transactions process the information that’s what accountants are paid for

[@esmeraldamolina8769]

Thanks for sharing! You simplified the concept tremendously. God Bless!

[@WeQuiltStudio]

Al, thank you sooo much. This is the best accounting tutorial I have ever seen! I luv you for this!

[@catsarerude]

Thank you!!! Much easier when you have such a nice voice too!

[@jendean6869]

Really good explanations with the examples - Thank you

[@ahmedsurajuddin967]

this is by far the best technique to use debit/credit jargon !!

[@dipeshshahus]

Thank you very much sir. I understood in 5 minutes.

[@donnagarcia2590]

Thank You! Great visual and explanation.

[@jayvincent1617]

Thanks for this video! My textbook confused me, but this cleared it up!

[@Mexicana73]

Very well explained. Thank you so much!

[@fredsalfa]

Thanks. Took me years to figure this out. You explained it in 10 mins.

[@jonadithcantilang5117]

i learn a lot from here..the demonstrator explain clearly

[@jordynbailey2987]

thank you so much for this video i’ve been trying to understand this for hours and i watched your video for a couple minutes and understood it!

[@jamilajones2877]

You are the greatest being of all time for this video!!!!

[@joecubjr]

Thank you for helping me to finally comprehend for my Intro to Accounting class. I was starting to think accounting wasn’t for me. :)

[@mesi724]

Best explanation thank you

[@lisamccray6481]

That zero in the middle thing and red and green arrows got me off the bench and into the game. More, more, more!!!

[@juancpgo]

In your last example (photography shop), when the bank charges a $20 service, I could also say that this transaction will increase the bank's assets by $20, and thus, because in your method Assets increase to the left, then it should represent a DEBIT instead (debit=left). Can you tell me why this reasoning is wrong?

[@ShawnFX]

I have been interviewing for entry level accounting jobs and I might be getting one soon (depending on how tomorrow's call goes, wish me luck) so I'm here to understand accounting concepts that I learned 3-4 years ago but have forgot

[@ajsconk1]

OMG!!!! Now it makes perfect sense!!!!! Why doesn’t everyone explain it like this?!

[@yohanneslucky5538]

Thank you for educating me.

[@trishao3308]

thank you!! I'm so happy I found this video. I was so lost about debits and credits. life saver : )

[@t-a9760]

Thanks for the great illustration, I just need to know if the equity & cash are affected by the bought of the asset. You mentioned that the account payable will increase, but I think by doing this the cash will decrease and the equity too..

[@AnotherAccount5]

Nailed my midterm because of this. Thanks!

[@Tinatinn]

Thanks for a perfect explanation!

[@catherinejones123]

You are an amazing teacher. The first time it got through to my brain. Lol

[@mylilpc]

OMG thank you for this! The diagram helps so much.

[@hahahahaahhahahaahah]

wow, i finally had a breaththrough! thanks a bunch

[@awallace0002]

Glad to help.

[@leonelcorona9585]

Me Too finally...

[@Darkscreenthunderstormandrain]

and i just had a breakthrough