THE DOUBLE ENTRY RULE (PART 2)

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  • Опубліковано 25 сер 2024
  • This video gives a practical illustration on how to enter transactions into ledger accounts using the double entry rules

КОМЕНТАРІ • 156

  • @FOGAccountancyTutorials
    @FOGAccountancyTutorials  2 роки тому +32

    Please the old WhatsApp number isn’t working anymore
    This is the new WhatsApp number👇🏻
    +233596316536
    Thanks

    • @afanteysaviour8677
      @afanteysaviour8677 Рік тому +1

      Welcome 🙏 sir

    • @sparks1261
      @sparks1261 Рік тому +1

      Wonderful

    • @luckybale8334
      @luckybale8334 11 місяців тому

      Tried txting you via WhatsApp, buh with no response, don't know if the number is still in use

    • @Lorkey_ol
      @Lorkey_ol 9 місяців тому +3

      Please sir do you have a whatsApp group I'll really love to join.

  • @agominabanurika-yuekanbeydavid
    @agominabanurika-yuekanbeydavid 2 місяці тому +4

    In fact, this is the best accounting lecturer ever.
    May the good LORD keep you safe and healthy now and the rest of your life.
    I love ❤ your lectures so much.

  • @bridgetmose1734
    @bridgetmose1734 3 роки тому +36

    Best teacher in the whole world

  • @Ken-ro4du
    @Ken-ro4du 2 роки тому +20

    I’m not even going to exaggerate, this man has helped me IMMENSELY with these videos
    I have no accounting foundation and couldn’t understand lectures and tutorials but just started watching today and I’ve learnt more than all my lectures 😬🙏🏼.. Thank you, God bless you

  • @mauriceogu5394
    @mauriceogu5394 6 місяців тому +5

    I'm certain that even the bleating goat in the background learnt a whole lot from this video. You're really worth your onions!

  • @kuicwabad93
    @kuicwabad93 7 місяців тому +4

    As a foreign student studying in India where most tutors teach in Hindi, it was not easy for me to understand anything in Accounting for Managers, having landed on your videos. I now have the confidence to do my exams comes February. Thanks a lot sir 🙌🙏

  • @JudithNatukunda
    @JudithNatukunda 6 місяців тому +4

    Well done sir, you are a great blessing to many of us.

  • @chandamupinde6083
    @chandamupinde6083 2 місяці тому +1

    This man is definitely the best, I used to have difficulties in understanding the double entry rules

  • @aloshashumba8725
    @aloshashumba8725 Рік тому +6

    Goat noises in the background because he is the greatest teacher of all time!

  • @mustaphalurisulemani9141
    @mustaphalurisulemani9141 2 роки тому +9

    This man is just excellent. I didn't know even a single thing about accounting. Now you are making me an Accountant 😀. God bless you sir.

  • @virginiakanini6632
    @virginiakanini6632 Рік тому +3

    Am from Kenya and learning alot ..have decided to "drop" my CPA and instead learn from your tutorials...you really helping many aspiring accountants.God bless you Sir

  • @unclesyd9240
    @unclesyd9240 3 роки тому +8

    Just shared the link with my whole class❤️

  • @user-to9eu7cb7h
    @user-to9eu7cb7h 11 днів тому

    Watching as a 1st year student in nigeria you actually making this study easy for me even better than my lecturers who teach us once a week i want to say God will surely bless you

  • @Agt1gly66
    @Agt1gly66 25 днів тому

    You're an outstanding teacher who explains accounting concepts clearly and vividly. Greetings from London!❤

  • @gladysngekia3098
    @gladysngekia3098 Рік тому +3

    I spent six years in school and I never understood this. but I came across ur video yesterday, and I learnt double entry through ur teaches in an hour. Thank u sir🙏

    • @hlobsilekhumalo5891
      @hlobsilekhumalo5891 4 місяці тому

      even me, i even do diploma but i ddnt understand it. thank u so much

  • @WolfGalaxy-pp5gv
    @WolfGalaxy-pp5gv 5 днів тому

    Please so far you’re the greatest FA tutor I’ve ever seen and it’s evident in the comments section. But please your videos keeps blurring and it makes my eye teary. if you can do something about it I would be grateful 👍🏽

  • @Almasi33
    @Almasi33 Рік тому +3

    I really enjoyed ur teaching sir
    As the first time doing accounting in the university
    It’s really help.
    I salute Sir ❤

  • @KevinHofahe-bk4zq
    @KevinHofahe-bk4zq Рік тому +2

    Wow! You the man,last year I watched your videos on partnership business and did my assignment and got all correct and now iam watching this for another assignment. Thanks and keep on making more videos because most of the accounting lecturers at the universities and colleges are not explaining well. Thumps up for your effort👍

  • @recavegot7232
    @recavegot7232 3 роки тому +4

    Thank you soo much, I have to share this too, you're very talented and you have passion in financial accounting, you've enlighten me sir

  • @princeocquaye5877
    @princeocquaye5877 4 роки тому +5

    did not get this in class but i am good now. ...thanks sir

  • @mercymwale4431
    @mercymwale4431 2 місяці тому

    Through these teaching I will pass with flying colours.

  • @munyairabelani9246
    @munyairabelani9246 2 роки тому +1

    My lecture taught me n I didn't understand anything. But u made me understand 😃❤️ thanks sir. From SA🇿🇦God bless you

  • @fleciahmbogo
    @fleciahmbogo 3 місяці тому

    You know what! have watched this video after 4years and you know what,it's amazing.🔥

  • @subrenathornhill1
    @subrenathornhill1 Рік тому +1

    You are an Awesome teacher I was trying for weeks to understand this and it was really difficult but looking at your videos make me understand everything I needed to know thank you so much🥺🥺

  • @edwardboateng9112
    @edwardboateng9112 2 роки тому +3

    You are an epitome of excellence❤️.... God bless you

  • @natashakapaso1852
    @natashakapaso1852 23 дні тому

    May God bless you are so informed I am ever appreciative you teaching us.

  • @samsonsegun3091
    @samsonsegun3091 6 місяців тому +4

    I can't stop receiving lectures from you. Thumbs up for you

  • @dansoabeam4404
    @dansoabeam4404 2 роки тому +1

    FOG has made accounting very simple to understand nd i really appreciate it

  • @unclesyd9240
    @unclesyd9240 3 роки тому +3

    You should be awarded the best teacher in the world

  • @lilianasante
    @lilianasante Рік тому

    It is my first time doing accounting In university and this man has really helped me ❤may God bless you for me

  • @dorcasobomihedo6437
    @dorcasobomihedo6437 Рік тому

    MR FOG, you’re blessed
    Ur memory is blessed and it has become a blessing to others
    God bless you sir 😊

  • @qaisalsndi9324
    @qaisalsndi9324 Рік тому

    you don't know how much I appreciated it, thank you so much, Allah, bless you. i dont want to say that you are the best one but I can say you are the best one for me cuz I spent a lot of time understanding accounting I was so confused but now it's so clear to me. thank you so much again. if am in Nigeria I will come and thanks you but am not there,

  • @nelsonharrisontembo
    @nelsonharrisontembo 3 місяці тому

    I really had difficults to understand this in class now am good to go, thanks so much sir

  • @user-op9gf8lt2z
    @user-op9gf8lt2z 7 місяців тому

    Thank you sir or should I say the best financial accounting teacher in the world your explanations are top notch

  • @mbakablessing6840
    @mbakablessing6840 2 роки тому

    Thank You, I have been battling with this for over a long time. God bless you 🇳🇬

  • @wanjukiwagithuku7380
    @wanjukiwagithuku7380 Рік тому

    I learnt this many years ago. I really appreciate your mode of teaching

  • @chumamwakio9511
    @chumamwakio9511 2 роки тому +3

    your really helping me in my accounting unit God bless you

  • @sandraboateng7273
    @sandraboateng7273 2 роки тому

    Aww I'm so grateful. Understanding this concept was my headache . U have made it so simple. God Bless you

  • @mariciadublin7022
    @mariciadublin7022 2 роки тому +2

    Thank you sir for sharing this video. I am understanding the theory. May God continue to bless you as you share your knowledge with others

  • @sebutyangathomas3882
    @sebutyangathomas3882 10 місяців тому

    He's actually so helpful to students than the physical lecturers that just go through staff

  • @user-ew7pe1lt3o
    @user-ew7pe1lt3o 3 місяці тому

    ur nw my entreprenuership teacher becoz i understand nw ur teaching

  • @robertchola9938
    @robertchola9938 4 роки тому +2

    I want example questions on collection of errors and suspense accounts otherwise u a good lecturer. God bless u

  • @pinkvelvetcakes8168
    @pinkvelvetcakes8168 2 роки тому +1

    The camera man had one Job, but nice explanation keep up the good work sir

  • @user-rf8vs3pk2b
    @user-rf8vs3pk2b 10 місяців тому

    I love the teaching , he made me to understand.
    ❤❤❤❤❤❤

    • @user-rf8vs3pk2b
      @user-rf8vs3pk2b 10 місяців тому

      God bless you and give your children long life and prosper in life

  • @promisemalikita7246
    @promisemalikita7246 2 роки тому

    you too genius, well explained have been suffering to recognize which one is debit and credit but with this am well equipped. thumb up from Malawi

  • @okoawomosesmirabel1186
    @okoawomosesmirabel1186 11 місяців тому

    You just demystified the double entry Principle. Thank you Sir.

  • @crownpress5512
    @crownpress5512 Рік тому

    Watching from Tz …Sir God bless you coz it’s only you I can understand after 100 accounting teachers 😢

  • @jennyfrank3762
    @jennyfrank3762 7 місяців тому

    Thank you sir I was worried I won’t be able to perform will in the exams 😢but now I’m so excited to write the exams cause u made it very simple for me ❤… God bless you

  • @Dailybizstrategies
    @Dailybizstrategies 7 місяців тому

    My Exceptional teacher in Accounting

  • @yerroa.jallow4452
    @yerroa.jallow4452 Рік тому

    Supernatural knowledge you got. Thank you for the clear explanation.

  • @jerryjared8348
    @jerryjared8348 Рік тому

    Wow you are really helping me sir
    I am heading for my FA exam tomorrow with confidence! God bless you 👑

  • @louissottie4697
    @louissottie4697 9 місяців тому

    Good morning sir , I really appreciate your explanations they are really awesome ❤❤

  • @okparavictor3464
    @okparavictor3464 8 місяців тому

    I'm loving this man already 😂

  • @dorameyer8385
    @dorameyer8385 2 роки тому

    Thank you very much for helping me A LOT to get a better understanding under this topic of bookkeeping

  • @bagababuudalaa8774
    @bagababuudalaa8774 3 роки тому +2

    Great work sir. GOD BLESS YOU.

  • @owensampson4860
    @owensampson4860 8 місяців тому

    Sir I love the way you are lecturing

  • @mascudyare305
    @mascudyare305 8 місяців тому

    May God bless you teacher 🤲😊I’m just proud of how you helped me

  • @user-yr5db4ez9m
    @user-yr5db4ez9m 10 місяців тому

    Keep on doing the good job for masses

  • @jasminescott5435
    @jasminescott5435 18 годин тому

    VERY IMPRESSED. THANK YOU

  • @czakreasy5602
    @czakreasy5602 10 місяців тому

    Very smooth sir. Thanks and much respect 🙏

  • @gedeprincewill3862
    @gedeprincewill3862 7 місяців тому

    This guy should be given Nobel prize for Teaching

  • @GideonMwila-kw3tv
    @GideonMwila-kw3tv Рік тому

    Enjoying your lecturing ⭐⭐

  • @amulishmuwayi4665
    @amulishmuwayi4665 2 роки тому

    Indeed your making accounting my life, thank you so much

  • @ChurchilSiroi
    @ChurchilSiroi 9 місяців тому

    i like all of this I cannot imagine I now understand FA

  • @ganyasulaiman7161
    @ganyasulaiman7161 4 місяці тому

    Thank you very much. i have understood alot

  • @talentoguineanaeg5080
    @talentoguineanaeg5080 6 місяців тому

    YOUR TOTORIALS ARE VERY INTERESTING

  • @rex6447
    @rex6447 Рік тому

    May Allah grant you everything you wish for SIR❤

  • @mugyenyisylvia2586
    @mugyenyisylvia2586 Рік тому

    YOUR THE BEST BIG MAN

  • @Tachie_Alexander
    @Tachie_Alexander Рік тому +1

    Very powerful

  • @pulynyabs5948
    @pulynyabs5948 8 днів тому

    Great lesson

  • @alexsimbeya419
    @alexsimbeya419 3 роки тому +1

    I enjoy your lessons

  • @gideonkodjonarh6464
    @gideonkodjonarh6464 4 роки тому +1

    Nice work.... ✍️👍

  • @louissottie4697
    @louissottie4697 9 місяців тому

    Pls my question is since the cash book serves as a journal and a ledger , and in a question like this having cash and bank transaction can you prepare a double column cash book so it covers most of the transaction as we open individual ledgers for other part of the transaction affected by ban or cash?

  • @user-ib7cn6ci7s
    @user-ib7cn6ci7s 4 місяці тому +1

    Dear sir God bless you

  • @SelsaAnegarach
    @SelsaAnegarach 10 місяців тому

    Thanks for good work

  • @ByamukamaInnocent-u9o
    @ByamukamaInnocent-u9o Місяць тому

    A good teacher

  • @ashleynyanteh8725
    @ashleynyanteh8725 2 роки тому +1

    Am I the only one hearing the goat in the background?💀

  • @ellahstella243
    @ellahstella243 5 місяців тому

    Impressed❤❤

  • @nakanwagimargaret8108
    @nakanwagimargaret8108 Рік тому

    Thank you sir God bless you

  • @CATHERINESAMKI-cl6sq
    @CATHERINESAMKI-cl6sq 6 місяців тому +1

    Good job 👏

  • @kingbadjeiobeng-fosu6034
    @kingbadjeiobeng-fosu6034 3 роки тому +1

    This is very helpful

  • @KeletsaletseMatlho
    @KeletsaletseMatlho Рік тому

    Thank u so much i also enjoyed your lesson

  • @emekaigwe1261
    @emekaigwe1261 Місяць тому

    Good evening sir...I thank you for this lecture... however sir I have a small question: since the business received a discount from Tunde I was thinking that d discount will be captured as a debit entry in d discount account of d business and as a credit entry in tundes account ?

  • @mugishageofrey8671
    @mugishageofrey8671 Рік тому

    Felix you're the best

  • @user-xg6eq5oo6d
    @user-xg6eq5oo6d Рік тому

    Keep it up sir we are learning from u

  • @seniorneymar3923
    @seniorneymar3923 Рік тому

    I was taught the simplest way using some acronyms; SRCI is for credit and PADER is for debit.
    S- sales, R- returned outwards....

  • @blind_thoughts
    @blind_thoughts 11 днів тому

    Thank you sir.

  • @ugwumalachychidubem8265
    @ugwumalachychidubem8265 4 місяці тому

    Is loan from a friend a capital or an asset in a sole proprietor business

  • @brightsegbefia2559
    @brightsegbefia2559 6 місяців тому

    God bless you 🙏

  • @samuelnanankansah7340
    @samuelnanankansah7340 2 роки тому

    I suggest next time you emphasise on the fact that every transaction affects AT LEAST TWO accounts since it could affect more than two accounts. An example is where an entity purchases a non- current asset say, Motor Vehicle, pays half instantly and decides to settle the rest at a later date. Such a transaction would affect THREE ACCOUNTS: The Motor Vehicle Account, The Cash Account, and The Creditor's Account. Thank you!

  • @rhodaofori3282
    @rhodaofori3282 6 місяців тому

    If it is credit sales , what are the two accounts involved

  • @michaelmusolo1070
    @michaelmusolo1070 6 місяців тому

    You’re the best

  • @CANCERLESSONS
    @CANCERLESSONS 10 місяців тому

    what if instead of tundes account you use credit account on the purchases

  • @MondayGentle
    @MondayGentle 6 місяців тому

    God richly longlifely bless u

  • @Ben10Cat
    @Ben10Cat Рік тому

    All my double entry battles have been settled in less than an hour.✌️

  • @sydneyrupper6139
    @sydneyrupper6139 Рік тому

    Thanks so much

  • @RuthAdikumah-qz8ud
    @RuthAdikumah-qz8ud Рік тому

    Pls what if the person u bought the goods on credit from name is not there how will you write that account.

  • @luckyfrenix9900
    @luckyfrenix9900 3 роки тому +1

    Good teacher

  • @MarjidahTahiru
    @MarjidahTahiru 5 днів тому

    With the transaction of June 14th I thought you said you only open a personal account when its a credit transaction but it wasn't

  • @giftydonkor2733
    @giftydonkor2733 3 роки тому +1

    Thanks a lot