Lesson 4:: Rules of Debit and Credit
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- Опубліковано 28 сер 2024
- Rules of Debit and Credit
Caption: The rules of debit and credit are fundamental principles of double-entry accounting. Assets are debited to increase them and credited to decrease them, while liabilities are debited to decrease them and credited to increase them. Equity is debited to decrease it and credited to increase it. Revenues are debited to decrease them and credited to increase them, while expenses are debited to increase them and credited to decrease them. These rules help maintain the balance in the accounting equation and ensure accurate financial statements.
Keywords: Rules of debit and credit, Double-entry accounting, Assets, Liabilities, Equity, Revenues, Expenses, Debit, Credit, Financial transactions, Accounting equation, Balance sheet, Financial statements
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I Really salute to you sir ! We need teachers like you and thanks to this online platform to empowering teachers like you.( Feeling very grateful)
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Lucky to find a gem teacher like you .
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Sir, myself working as Income Tax inspector. I searched out for some accountancy classes online on selected topis on youtube for my departmental examinations for promotion to ITO. Your classes are the best classes covering all the topics in easy way and smooth method of teaching. Your method of teaching is just outstanding. THANKS A LOT SIR. regards.
Thank you so much! I was struggling with Dr and Cr from last 10 years. Your platinum rule did the trick. I will never forget it now. Thanks again ..
I have done M Com but I was almost forgotten basic rules now because of you I recollected thank you ❤️❤️❤️
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Bhai bhulne k Lea padha tha kya 😂
I just started a job in London and i was having lots of problems... But this helped me a lot.. Thank you so much sir for this... I really like the way you teach 🙏🏻💐👍
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Sir..I am a student of non-commerc background .. I have an interview after 2 days ... I thought account is very difficult .. I can't prepare for the interview because I was in another Field so I was very worried but your first video gave me confidence for the interview .. Thank u so much
Sir j topic mam se do Baar samj liya but out of range c ...aap se samj Kar pehli waar Mae samj aa gya oh b Sara ....sir apni teaching way Mae magic hae.... thanks sir
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Sir the student who were abel to come here to teach from u r very luky that the r gaining such knowledge from excellent teacher❤️❤️
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Im from science background and i start to develope my interest in accountancy..as i hav to apear in an deparmental exam ur guidance is priceless....
A big salute... Today my concepts are crystal clear.... Which never happened before... Phle hi clear ho gya tha sab but Jo Bach gya tha wo platenium rule ne kaam kr diya
No one can explain accounting like you sir Sir, you are a real hero 👍
Sir seriously u r great as well as ur explanations... I will really recommend to my other friends too..
Thanks a lot dear.
@@nitingoel ♥️
@@Aman-pg5lh pdhai pey dhyan do IAS, YAS bno 👋
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Hmre schl teacher ne kbhi theory mh dhyan hi ni diya thnku sir itna deep n easily explain krna ke liye....maine assistant accountant ka form bharna h apki video hi mjha help krenga....bless me sir ki m exm clear krdu🙏
Honestly, I am from humanities background and studying BBA. I thought this thing to be difficult but sir you are one of a kind. I suggested my all friends to follow and to subscribe the channel. plzz these lectures are very helpful, feeling very much thankful
Thank q sir you are the the best teacher please continue making more videos
Your teaching style is tremendously helpful for students like me , keep it up sir.
Sir you are legend of accounts
A big salute to you💪🏻🥰 Respect.
Nice sir
Now it is easy to understand 👍✌️
Thank sir aap ke en video me covid 19 mai bhi ache se pad sak rahi ho or acount ko samgh pa rhi ho
Sir very and very good
UA-cam per buhut si videos dekhne ke baad aapki ye video mili hai
Sir aapne mera confusion door kar diya
Jitni tareef ki jaye kam hai
Thanks 👍
love ur teaching dear sir,i am from pakistan,i was medical student but now doing ca,i have a lot of problems in accounting but ur videos helped me alot,,,thankuu so much sir,God bless u
Sir aapke silver rules ki vajah se bahut aache tarike se samagh me aa gaya...👌👌👍 thank u so much sir for this cooperation with us
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Thank you legendary sir! You have great contribution to this world.your heart is transparent like serene water....in this world everything is reflecting and you too how genuine person you are.....long life sir♥️
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Thanks sir. Aap meri teacher se kafi acha padate ho, I really like your style of teaching accountancy .🙏🙏✌😊
I am a CMA aspirant & i came here to clear some old doubts..ur way of teaching and concept clearing is good enough✌️
I'm an undergraduate now and today my basics are got clear now I realize in my school how dumb my teacher was she didn't taught anything i mean basics🤦 and today I decided to clear my all my doubts and basics to get a job then i found you an amazing teacher thanks sir for this video series really very helpful!
Thank u so much sir for ur online classes ...Amid this lockdown ur videos has made it possible to continue wid my 11 accounts ... And ur explanation is amazing
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Thnx sir apka samjhaney ka tarika bahottt acha hai app bahott simple language main sab clear Kar detey ho ty sooooo much 😊
Thank u sir
please if any one want to learn the rules of accounting so please be carefully listen once the video there will not be any problem for u in accounting
The best teacher and the best method of teaching
long live sir
Good mornig sir
Thanks for teaching very well
I want to say that send me your next vedio
I'm waiting 🤗😊
Aap channel ki playlist pe check karo.
Warna www.nitingoelclasees.com pe saare links mil jaenge 😊👍
Thaku sir
I'm chacking
Thank you so much sir ,india needs teachers like you
Wonderful, very good way of making understand.....God bless you sir
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Sir, I am 1st Yr. Student Of M.B.A...From today (16th November,2019) you became my GURUDEV...Love You soooo muccchhhh sir...You are an idol for all the students heart.
same bro i m watching on 17.11 19 nd btech student
And I'm from Bangladesh also student of class 9
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Please check all my subject wise videos at www.nitingoelclasses.com
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Sir fan hogya mai aapka bahoot sahi samjhaya
Thnq sir aapne meri saari confusion door kr di..... Thnq so much sir.....
M non commerce background se hu isliye Dr Cr Rules Smjh nhi aa rhe the lekin Aapki Kirpa Se Ab Samjh aaye h
Hello sir
The way u r teaching is just incredible.
Thanks alot for serving such precious gift i.e the knowledge.
Good video for gain knowledge. I feel back to my school time. .
so greatful to have a teacher like you sir, you are excellent, and a brilliant teacher ❤
Thank u sir
Aapke samjhane ke tarike
Bahut behatrin hai
Aap Kya shanti se samjhate hai
#bahut behtarin sir
Maamu tum bohot mast kaam karta hai, keep going, love from mumbai🙌🏻
Nitin bhai....... Thanks sir.... abi smjh aya....
Love n Respect frm Pakistan
Sir.....now I'm in 11th class.... Account subject is totally new subject for us... But because of you , my basics have also become very clear... and my doubt were also clear..... Thank you so much sir... Thanks a lot.... You're amazing & genius Sir....
only one rule is sufficient to explain every type of transcation.no need of 3 rules as given in book or u r teaching.as u give example of purchasing a building by cash account by ur second rule..i m explaining it again with only the first rule which is debit the receiver and credit the giver.
" for purchasing the building i have transfered money from my cash account to building account. in this who receives the money,building account so it is debited and who is giver,cash account so cash account is credited"...............every type of transcation in accounts can be explained by a single rule only. no reason to tell 3 rules which creates more confusion for novice students.
u r doing a great job . keep it up and teach students
I am so glad that koi hai jo confidently galat tareeke se padhne ki koshish karta hai. Achcha agar same rule to Udhaar mei machinery purchase karne mei pehle rule se kya entry karenge.
Aur dusri baat Machinery Kuchh receive kaise karegi. Wo to ek Tangible Thing hai. Pwrson to hai nahi. Please knowledge lene ke liye first have acceptance. Ye channel galat padhane ke liye nahi hai. So have faith and study well. 😊✌
@@nitingoel dear dont follow the book blindly. Writer of d books are also people...i m not saying that u r wrong u r right but why we do the things in more complex way if we can grapse d things in a very very simple way. And i m not a student dear neither i m interested in studying. I saw ur video in home page of utube so saw it. I left the accounts 20 years back😁
I am glad to know that You are not the student. And Still i will say the logic you want to put with one rule cannot be applicable at all. There is only one rule which can be used That is.
Debit all Assets .
And Credit all Liabilities. If this could be any other subject I could have said ki Things might have changed. You left Accounts 20 years back.
And I am teaching Accounts for last 24 years. Its not about following blindly. Its about the framework of accounting as per GAAP AND IFRS. any ways. Thanks for your Feedback. 👍👍😊
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I salute you sir till yet i have saw your many income tax videos really these all were leave a good understanding to me
Thanku thanku thanku sir😊🤗
So simply u made us understand these rules. Thank u Goel ji
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Sir you are great........you have almost cleared my queries. Thankyou so much
Really .he cleared your queries
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Please check all my subject wise videos at www.nitingoelclasses.com
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One of the best way you teach excellent Sir
Today I watched your class sir on debit credit rules.it is really helpful & thanku for this video.❤️ I am very week in accounts bcz I was from para science background.in my 3 Rd sem my 1 subject is accounts .I followed ur classes & it's helpful ❤️
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U r amazing teacher.... May God fulfill all ur wishes what u want.....
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Just found your channel. You're an amazing teacher seriously.
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Hi
sir m corona k chakker m 1.5 months s class nhi atend kr payi or khi coaching bhi dhang ki nhi h yha
aapki vedio pake mujhe jannat mil gyi
m n b .com 1st year m clg top kiya h second year m tention ho rhi thi bt ab 😊
tq soooooooooo much sir 🙏🙏
Yaar मुझे ye samajh nahi aa raha hai ki sir ke itna बढ़िया समझाने ke बावजूद भी ये dislike koun kar deta hai????
mujhe accounts bilkul bhi samjh nhi aa rha tha but ab aapki videos dekh ke mere sare doubts solve ho rhe h ☺☺☺☺☺thanku so much sir u r the best
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Sir it's really very helpful easy language ND I think u made it easy
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My cousin brother also tell me about these golden rules. He tell these golden rules are very important in accountancy subject. So thank you sir to give very important information about these golden rules.
It is quite easy to understand but difficult to explain in the way so that each student can understand properly..... I'm surely going to adopt your way of teaching.
The best teacher I hv ever seen ♥️♥️♥️♥️♥️♥️
Really nice video,simplest and silver rule,very easier,an excellent way of teaching.
आप के पढ़ाने का तरीका बहुत अच्छा है आप ऑनलाइन पढ़ाते रहिये एक दिन आप इण्डिया के नम्बर 1 कॉमर्स टीचर होंगे ।
Very nice and easy to understand .Well-done Sir
Really sir aap bahut easy way mai samjhate hai ek baar mai hi samjh aa jata hai concept
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thank you very much sir. your way of teaching is awesome..
Your are the best teacher in india
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Sir seriously aap bahut acha se samjhate hai questions Thanku sir
You really kicked off my tensions for exams. You really taught w
Very well. Thanks from Australia🇦🇺
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you are the best teacher . Thanks a lot
Very good method for learning,,
U r great teacher
Bahut he achaa explain kiya hai sir aapne fabulous,
Respected sir i am from pakistan i like your lectures regarding accounting, all lectures are very impressive MASHA ALLAH.. Thank your for giving me lots of knowledge about Accounting.
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Such a great teacher 😍 and way of teaching is extremely helpful...
Nice sir you are teaching very very nice
🙏thank you so much for this easiest way of basic accounting
You are the best teacher forever....Great salute sir.....
Sir aap bohot achha explanation dete hai.
Thank you sir 😇🙏
this platinum rule is such a brilliant rule........thanks so much sir
really thank you so much, sir. really thank you you saved me
And thanks aapki video dekh kar mere kaafi doubt clear huye hai
Tqqqq so much sirrrr.. grt video.nd ur teaching style is very unique sir.nd tq sir once again
Really its amazing way of expaination...hats off to u sir
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Thank you for these well defined concepts.
Karachi, Pakistan.
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Thank u sir me Kathmandu nepal se apka vedeo dekh rahi hu kosis kar rahi pura samjne ki..🙏🙏🙏🙏
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You are great sir
Respect from Pakistan
Thank you so much sir for very needful explanation😀
Hello sir I'm from Bangladesh and by watching this video it was very helpful for me and I'm from class 9 also a commerce student
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Sir how amazing aapke jaise teacher ho toh hmey teution ki jrurat hi nahi hai sir thanks sir very very thnks sir👍👍👍👍👍
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Sir I even have not any word to express u you are such a great teacher 😘
Sir, you are great
This is very very very very very very very very very very very very very very very nice explanation
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Sir Really you are a best teacher 🙏
Sir ji, the way you explain are amazing and easy to understand. We hope university and lecturer adopt such techniques to enhance students in a easy way. Lots of love and support you.
Aap issi ko aage share karte raho taaki students ko benefit milta rahe.
Instagram and Facebook pe bhi follow karna aur karwana Nitin Goel Classes 😊👍
Teaching concept is Outstanding very help full 🥰❤️🙏
Sir you are great and most
Briliand teacher
Thank you sooo much sir. Bohot acche se samjhaya aapne!! :)
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Thanku sir very much
Im from j&k
In next month we will have exam of accounts assistant in panchayat
Kindly sir give a leacture about how will i prepare for the exam in such short span of tym
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Omg koi kitne acha kaise sikha skta ha😇😇Thank you sir
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Thankuuu so much sir it was really very helpful specially in this pandemic tym
Sir explanation is amazing......... I use to see every topic of urs, I'm following of urs explanation sir.. It's very useful for us... Thanks so much sir for a super teaching
You are epic sir.. Em student of cma with non commerce background.. Really you teach very well...
You are my best teacher sir thanks so ooooo ooooo much
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Well presented Nitin. Very clear explanation