FA11 - T-Accounts Explained
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- Опубліковано 1 чер 2024
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In Module 2 we learn the rules of journal entries. We learn when it's appropriate to record Debits and Credits. We also learn to transfer journal entries into T-Accounts and how to prepare a trial balance.
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yeah, i
@@raygon9729I'm smiling all the way in South Africa 😊
I LITERALLY enjoyed every bit of the lecture
Hi professor, I am from Bangladesh. Your teaching style is totally different from our professors. We really appreciate it. Thanks
Can't remember when I was this happy learning....😂😂😂
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Accounting was my least favorite class before I found these videos. It was boring and I dreaded watching my zoom lectures. Found these videos before my first midterm and I am ENJOYING accounting?? Wow how did Tony Bell make that happen lol!
Awesome! Thanks Kelcy and good luck in your class.
How did the rest of your class go?
Very helpful! I like how you explain the procedure in a simple term. It's so much easier to understand. Thanks a lot!
This is literally the best haha!! I decided to go back to school jan 2021 during the Covid debachle. But all schools were closed so I had to take it online. I have learned in this last 1.5 years that I am horrible at online school. I struggled all the way through having to re-read my text 3-4 times to understand. Which amazes me as I have always been an A+ student. Then I found your videos and everything makes sense. You LITERALLY (haha) saved my brain from imploding haha. Keep making videos these are amazing. Much love from Manitoba
Thank you!!!
Haven't been this happy to learn something in so long. Thank you for such an awesome video!!!!
Hey Mr Bell hope you're doing well! Currently studying the night before my financial accouting midterm and your videos are more helpful than my lecture slides haha, thank you
What more could I have asked for? I am so glad that I found you. I love your great, informative video presentation spoken and delivered clearly
super great job. I appreciate these videos. I'm working on my MBA and I was a Biology undergrad major so when I say, these videos are helpful!! I mean it, LITERALLY hahaha! We didn't cover this in O-Chem... LOL
I think ochem was an interesting class. How is your MBA going?
You're the man Tony!
Thanks for the videos. Very very helpful. Will you elaborate on your definition for dividend, please?
Hii,
I've watched some other vids but while balancing the T acct, it says to take the bigger number on both sides and mention the Balance c/d on the lower side and Balance b/d on bigger side.... could you please clarify if that is imp as you explain different theory of subtracting and taking the diff.
Kindly clarify its really confusing me...
you are a great teacher , thanks
Man this video was lit...erally! Also, I didn't realize that the T in T-accounts just referred to the format of making marks in the shape of a T. And I imagine that to total them, you just have to write "otal" afterwards! 😄
This was a helpful exercise, thank you.
Literally saving my life, thank you
Thank you for the video. May need to watch it twice thou.. this episode is really fast
This is amazing. Thank you!
Thanks for your videos. Can you post your answers for the rest of the problems in your accountingworkbook. I am not sure whether I am doing it right.
I LITERALLY love the way you teach✌️
😆- thanks :)
Hey man, I love your videos. Greetings from Costa Rica!!!
Hello Mr's Tony Bell. Thank you for ur useful Videos 🙏 I'm trying to learn Financial accounting and ur videos are helping me a lot. But since I'm not an educated person I'm wandering if I can make it even if I make it . Do u think that I can find a job as a Financial accountant? Because I had never been in School not even a day . But I've learn things by myself from You tube . So far so good . Thank you again 🙏 God bless u .
you are a blessing sir
I had to pause to take a laughter break for this video. I mean, I -literally- paused the video for a laughter break!
would you have all these separate expense accounts IRL? I mean as opposed to having just one general/consolidated account.
Thank you!
THANK YOU! For actually getting through to someone like me who runs away from Finance! INDEBTED
Hi Dr. Tony,
Are you going to do playlist about other topics, other than Financial & Managerial Accounting?
a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits
Gonna have my accounting final in 3 days.....I have hope now that I might pass 🙏😅😬
How did your final go?
@@PunmasterSTP it was good :3
@@redqueen_97 I'm glad!
I literally understood how it works
thankyou tony you're saving my grade hahaha
Hi Tony, know this is not related to here, but can you please advise what are the relevant documents I would ask for when I working on a bank reconciliation in the real world as most systems are automated. Thanks
Bank Statement and a company's cash "GL" listing would be what you'd need.
@@Tony-Bell Thank you for replying so I have been on two assignments where I asked for this all they want to give me is the trial balance without the ability to drill down to details. I asked how to retrieve the details and was told I am asking too many questions? If I don’t have the relevant information or access to this how else can I do the job.
@@denisehopkins4885 I can't imagine doing a bank reconciliation without those details. I'm sorry to hear you're going through this. Usually an accountant will have access to everything...
@@Tony-Bell thank you for this confirmation. I am currently working as a consultant so wasn’t given all privileges. Thanks again. I will continue going through your online course which is very helpful
Hi! The T accounts I have seen before has some kinda formating with opening balance and closing. Is that something you gonna address later on or where you are from you dont need that formating?
I don't require any special formatting here - but if I were you, I'd follow with whatever your instructor or course suggests.
@@Tony-Bell I don't do any specific course, except yours, at the moment. Just wanted to know if in real accounting world there are necessary formatting for this? Using b/f and c/f. Can't find the example anymore. Maybe it wasn't about t accounts. Thanks anyways. Love your videos. :)
@@sellllmore Thanks! In my view when doing things by hand, you needn't worry - most companies will use a software package and their accounts will have all details included.
why not using the ledger?
how to become a member, pls answer?
what software tool are u using to write notes in? : )
OneNote
Are the T accounts are the same thing as subledgers?
A little different. A subledger is like a T-Account for a T-Account - for example: You have 10,000 of A/R. Within that you might have 1,000 of A/R from 10 different customers. A subledger would be like keeping 10 different T-Accounts for each customer (so you can track who has paid.)
Thanks for explaining this.
gorgeous👍
may I ask why Equipment is debited
Never mind. I undestand; it's an asset, which rises with debit. So disregard my question
Waaal. I am now an accountant. Of coz I wont let those fancy Accountants confuse me with jagon anymore kkkk.
THANK YOU JEFF BEZOS!
Nobody:
ME: DEAD - CRLS
KDG students?
Thank you for the video. May need to watch it twice thou.. this episode is really fast