Transaction Analysis using the Accounting Equation

[@thebohemianstoner7930]

this was great! taking an accounting class and you broke it down better than my professor! thank you so much. you should make more videos

[@allkristiningram]

Glad it was helpful!

[@marm.8469]

I'm in my second week of accounting and struggling with this concept. Thank you for your clear demonstration

[@allkristiningram]

You're very welcome! I'm glad it was helpful.

[@atdepth000]

​@@allkristiningram Shouldn't supplies be an asset?

[@allkristiningram]

@@atdepth000 It can be an asset or an expense. It just depends on if they are used up or not.

[@soultrap8554]

Brilliant vid. I was looking for a way to present transactions across each account type and this nails it. Thank you:)

[@allkristiningram]

Glad it was helpful!

[@priyankadutta7356]

This example made my day. Thanks a lot

[@allkristiningram]

Glad to hear that!

[@annabanana730]

Thank god for this video! Thank you!

[@allkristiningram]

Glad it was helpful!

[@deejaymichelle8251]

Thank you, love your videos

[@ismailismaili0071]

thank you so much it's easy for starters to understand faster.

[@allkristiningram]

You're welcome :)

[@shaionda12]

Awesome video. Do you have a tutorial on how to create this layout format??

[@allkristiningram]

Thank you. Not at the moment.

[@centizgwapo411]

Can you please make a video on how did you set up this format? I badly need it thank you so much!

[@allkristiningram]

I will add that to my list of new videos to create. Thanks for the suggestions.

[@monlin9429]

Thanks for this video.

[@allkristiningram]

You're welcome

[@thebohemianstoner7930]

I would love to learn how you set up your excel spread sheet

[@allkristiningram]

Great suggestion!

[@Noconversation-n]

Thank you.

[@bethelsolomon1468]

isn't the supply suppose to be on the side of asset ? because i was studying and i saw on multiple questions that supply is under asset but you did it under equipment and i am confused now

[@KpadehMulbah-s5t]

Can I have this video on other platform

[@LAUGH-LEARN-AND-GROW]

how did you format the automatic total when you put in the amounts?

[@margodarden2199]

Another Great video, I just wanted to know if you have any video on outstanding debt and how you would deal with it on the income statement.. I have been trying to find videos on that subject. Also do you have a patreon.

[@allkristiningram]

Margo. Thank you. I don't have a Patreon, but I do have a few products for sale on my website. You can also support us by using the amazon links on my website. Thanks so much!

[@barhamkhalidhassan2177]

Could you explain for me, why should reduce overhead costs from Retained Earnings?

[@allkristiningram]

This is a very simple analysis. Because we don't have a full income statement here with all of the accounts, expense transactions reduce equity.

[@righttolearnrighttolearn2668]

Hi teacher:- i have a doubt ( piecemeal distribution of cash among partners) topic, How can I solve my queries???

[@timemerick733]

Nice fundamentals!!

[@allkristiningram]

Thanks!

[@barhamkhalidhassan2177]

Supplies are usually classified as a current asset.

[@allkristiningram]

yes, you can also have supplies expense as well. It just depends on how quickly the company plans to use them.

[@disastaU]

is this available for download?

[@allkristiningram]

Unfortunately you can't download our videos.

[@AISYAHRUSLAN-pr3zd]

hello. can you share this template ? excel format

[@monumagold8776]

wow!

[@mdarafatkhan6986]

I'm in my second week of accounting and struggling with this concept. Thank you for your clear demonstration

[@allkristiningram]

You're very welcome! Glad it was helpful!