Example for Recording Debits and Credits

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  • Опубліковано 20 сер 2024

КОМЕНТАРІ • 199

  • @huhfudge7797
    @huhfudge7797 4 роки тому +54

    Thankyou so so sOoo much!!! But with that, i am actually really concerned as to how are you doing, sir? Your last upload is 4 years ago and i'm genuinely wishing that your healthy and happy in life because u have helped so many by your father-like teaching.

  • @noname89636
    @noname89636 8 років тому +156

    No textbook could do what you just did for me. Thank you so much. I actually feel like I am going to pass school right now.

    • @wl20309
      @wl20309 3 роки тому +2

      How did you do in the end?

    • @zizo8737
      @zizo8737 3 роки тому

      Indeed

  • @nickhubner8497
    @nickhubner8497 3 роки тому +18

    you taught me more in this video than my professor has the whole semester thank you!

  • @user-ru9ex1ju9o
    @user-ru9ex1ju9o 8 місяців тому +2

    The most best explanation I ever seen like that about debit and credit

  • @emanibrinson8490
    @emanibrinson8490 6 років тому +18

    Taking Accounting 2201 at University of West Georgia right now, and you’ve made everything so much clearer! Awesome video.

    • @theeririi3749
      @theeririi3749 3 роки тому +1

      You started school yet?

    • @emanibrinson8490
      @emanibrinson8490 3 роки тому +1

      @@theeririi3749 What do you mean? Do you mean if I started back for this school year?

    • @theeririi3749
      @theeririi3749 3 роки тому +1

      @@emanibrinson8490 yeah considering corona slot of schools/universities are closed

    • @emanibrinson8490
      @emanibrinson8490 3 роки тому +1

      @@theeririi3749 Oh okay, my bad for misunderstanding lol. But yes, we’re back on campus. We’ve had traditional face to face classes since we started back in August. To help everyone stay on track and go to class at their own risk, they’ve implemented “dual modality”, which just means they have to put all class content online, even if the class is in person. We have to wear masks, and classes have to be held in lecture halls big enough to abide by social distancing rules.

    • @theeririi3749
      @theeririi3749 3 роки тому +2

      @@emanibrinson8490 nah it's okay lol I youse south african english so maybe it made sense to me but you probably use English from whatever country your from
      Hehe that's really cool I like the technique they (dual mobility) it would be so useful! Anyways have a nice day!

  • @adamoubah7992
    @adamoubah7992 6 років тому +2

    I have never done accounting before and I was about to sit for a competitive entrance exams that requires a basic knowledge of accounting. When I came into contact with these your Wonderful videos ,I was able to pick up the whole notion like A, B, C, D. Thank you very much for the great work you have been doing. I love it.

  • @Chris-bc8mz
    @Chris-bc8mz 9 років тому +18

    I wish you were my professor, honestly!! My current accounting professor wastes most of his time showing us small videos that is irrelevant to the course! Thank you so much for this video, Larry!

  • @sonjabohmer7265
    @sonjabohmer7265 6 років тому +9

    Took accounting in college years ago and this is a perfect refresher. Thanks!

  • @ghxst3317
    @ghxst3317 2 роки тому +7

    Well explained. Got midterm exam from accounting tomorrow so I've decided to make a revision a little bit. Do hope I'll get at least A at the end of the semester because of your videos. May God bless u! Im gonna back to this video and share my grade, wish you guys luck and see u soon))

    • @spaceinvadersaw
      @spaceinvadersaw Рік тому

      Soooo how’d it go

    • @mymyfilmofficial512
      @mymyfilmofficial512 Рік тому

      Hahahaha i wanna know more, how was it

    • @itsteej
      @itsteej 10 місяців тому +1

      @@mymyfilmofficial512 sounds like bro did not get an A 😭

  • @singhjet123
    @singhjet123 4 роки тому +2

    Thanks for your wisdom and simple way of explaining accounting even if your videos are old but I am pretty sure they help out a lot of students, you are a true teacher

  • @augustayartehyarteh4467
    @augustayartehyarteh4467 4 роки тому

    Aw I will debit cash. and credit common stock for the first questions. The second is. Debit cash and credit Notes payables. This things are so great to review over and over. You tub platform is great for us. God blessed you all and all the professors.

  • @veneziagarcia818
    @veneziagarcia818 4 роки тому +1

    Paying $$$ to a University to learn virtually and you just saved me.

  • @aisyahreid7706
    @aisyahreid7706 4 роки тому +7

    this gy deserves so much credit. I learned so much in less than 10 mins than I learned for 2 months

  • @jcontant1979
    @jcontant1979 4 роки тому

    This guy is very good 👨‍🏫, if he’s not a teacher, he’s a very great person to explain accounting to new individuals. Thank you accounting tutor

  • @mahdichaal8756
    @mahdichaal8756 4 роки тому +5

    The best teacher and best accent English .
    God bless you.

  • @emiliehamilton3725
    @emiliehamilton3725 7 років тому +15

    Thank you so much for the video. I learned more than I did at class.

  • @shannonboyd4506
    @shannonboyd4506 5 років тому +8

    Your a fantastic teacher! Fantastic!

  • @RoOoRi100
    @RoOoRi100 9 років тому +125

    JUST TO TELL U .. I GOT AN A+ FOR REAL !!!!!!!!! OMG I'LL PRAY FOR U FOREVER !!!!!!

    • @theaccountingtutor1
      @theaccountingtutor1  9 років тому +17

      Glad to know that you're doing so well, Rori...keep up the good work!
      Larry

    • @rkr894able
      @rkr894able 6 років тому +3

      Rori cool that's awesome dude!

    • @Samo-tp3zy
      @Samo-tp3zy 3 роки тому +2

      lol

  • @mickaylaebone
    @mickaylaebone 6 років тому +1

    All of your videos are absolutely amazing! I will definitely be passing accounting. Thank you!

  • @granitmanifit
    @granitmanifit Рік тому

    very nice video made it clear for me after watching so many videos that make it so complicated for no reason that only makes it harder to understand.
    thank you TAT

  • @arrowsantos8209
    @arrowsantos8209 4 роки тому

    OMG I'm glad I stumbled upon this video. I completely understood now our first lesson, lol. And I feel like I will never be confused anymore understanding this basic concept.

  • @johnlongland8902
    @johnlongland8902 3 роки тому +1

    This is EXACTLY what I was looking for. Many videos goes on and on about assets, liabilities and equity. Ofcourse its important but this video taught me more than 20 of the other videos I have watched. I am trying to learn to use ERPNext and ERPnext shows the Chart of accounts in a tree-structure. Just as a small comment ... I would have loved to see your chart of accounts just to compare. I did howeer pick up that in ERPNext they call Sales Revenue just Sales and Service REvenue just Service. But at least I know now how to use those accounts in ERPNext. And ofcourse I can change the names in ERPNext because Sales Revenue does make more sense. High Five Accountign Tutor !

  • @krisl6768
    @krisl6768 Рік тому

    I just started to learn about debiting and crediting and I swear it was not going in my head. NOW IT’S STARTING TO GO IN😭😭😭 tyyyyyy sooooo muchhhhhh!!!!!!!!

  • @adamsstreams1334
    @adamsstreams1334 5 років тому +2

    I believe this man has passed away...I feel bad because your videos made a whole lot difference to my understanding of Financial Accounting.

    • @jonyD143
      @jonyD143 5 років тому

      Where did you get info that he passed away?

  • @ThisIsHandler1
    @ThisIsHandler1 4 роки тому +2

    Dude, you saved my frickin’ ass!! My teacher was way too hard to understand when he explained it, BUT YOU, oh my god you’re the best bro!!! I can do this test I’m about to have. Much love to u mann

  • @estellacohen7122
    @estellacohen7122 6 років тому +1

    Thank you so much! I've been looking for videos for hours and this is by far the best.

  • @canadiannaturalistas1124
    @canadiannaturalistas1124 7 років тому +1

    Love your teaching style! Very easy to understand

  • @mikeynyc6857
    @mikeynyc6857 4 роки тому

    This increased my understanding by 100%.
    Thank you

  • @sarmientocharityfaitha.3208

    Watched 5times, tomorrow will be my long exam and the other day Midterm exam, thank you you!!!

  • @ameerah7598
    @ameerah7598 3 роки тому +2

    OMGGGG I CANNOT THANKYOU ENOUGH U TAUGHT ME WHAT MY TECAHER TRIED TO TEACHER ME IN A FULL SEMESTER IN ONE VIDEO!! IM SO CONFIDENT FOR MY TEST NOW TYSMMMMMM (Ik ur probs not gonna see this since this was made 6years a go but still thankyou !)

  • @robertoparacciani9150
    @robertoparacciani9150 9 років тому +2

    Great video Larry, well explained and well structured. Thanks!

  • @eddyd443
    @eddyd443 4 роки тому

    Your videos are great.Straight to the point no chitchat. If there is a hearty Icon I probably clicked that.

  • @helentamiru693
    @helentamiru693 6 років тому

    I was having difficulty differentiating revenue VS acc receivable and you did an awesome job explaining it here and your pervious video thank you

  • @yana-qv4tk
    @yana-qv4tk Рік тому

    this video was posted 8 years ago and the clearer video i have ever watched

  • @sandrotsotniashvili2382
    @sandrotsotniashvili2382 2 роки тому

    It's so comprehensive and good explanation. thanks

  • @spaceinvadersaw
    @spaceinvadersaw Рік тому

    9 years later and this video is still helpful

  • @BuckwheatPlatypus
    @BuckwheatPlatypus 8 років тому

    Thank you for doing this. I start classes next week and I really want to do well. Im excited because debits and credits very recently clicked for me and following along this video was a good excercise for me!

  • @rinkspatel3003
    @rinkspatel3003 5 років тому

    you are going really easy way to teach. step by step. thank you soooo much.

  • @lilhash212
    @lilhash212 9 років тому

    I have been hating Acc. big time , but once i saw your videos and how you explain them man you made me change my mind . Thank you Larry .

  • @Phantastikal
    @Phantastikal 5 років тому

    Very nicely done here.. easy to understand as long as you know debits and credit rules in accounting

  • @jamesdego
    @jamesdego Рік тому

    Wish more videos could provide examples like these. Thank you!

  • @2annec97
    @2annec97 Рік тому

    Although a 9 yr old video but a very clearly explained and useful one!!! Thank you!!!

  • @taylorp8274
    @taylorp8274 5 років тому +1

    You taught me more than my accounting professor ever did!! Thank you so much. Now hopefully I can pass this final

  • @beasteminent6158
    @beasteminent6158 6 років тому

    you helped me alot honestly. please continue to do what you do best ! :)

  • @Mikeoxlong902
    @Mikeoxlong902 3 роки тому

    This is very helpfull I'll keep this in mind when im going to major accountancy in college

  • @warpaint329
    @warpaint329 Рік тому

    So helpful, thank you! You're helping me get that MBA!

  • @nebiu8258
    @nebiu8258 Рік тому

    You don't know it but you are saving lives in 2022

  • @leechdestroyerbg6679
    @leechdestroyerbg6679 Місяць тому

    Thank u sir,this really helped a lot even if it's just basic,it helps big

  • @gritpop
    @gritpop 3 роки тому

    Thank you for this. Fantastic. Truly appreciated. I wish there were 100 more of these haha

  • @danielyeroshalmi7492
    @danielyeroshalmi7492 2 роки тому

    i watched 50 videos and this is the only one I understood

  • @Omar-jy1gr
    @Omar-jy1gr 2 роки тому

    Thank you! This is one of the best videos I've seen! :)

  • @nielc7449
    @nielc7449 2 роки тому

    I’m taking the financial accounting but on my first exam I failed I got 58 and this is my second time taking this class coz I don’t understand anything about financial accounting class like the statement and cash flow and everything

  • @AmanSingh-mj9ix
    @AmanSingh-mj9ix 4 роки тому

    It's helpful to understand basics
    Thank you so much

  • @scab14
    @scab14 8 місяців тому

    Love this example.

  • @rkr894able
    @rkr894able 6 років тому

    Thank you! I never had a clue about the ledgers at then end, even though my professor showed us how my most of the students were baffled.

  • @Relahxe
    @Relahxe 3 місяці тому

    This was a great practice! Thank you

  • @nyashasmith1275
    @nyashasmith1275 5 років тому

    Very, very, very, helpful and explanatory..... Thanks so much🤗

  • @savannanash1449
    @savannanash1449 3 роки тому

    You’ve helped me so much!! I can’t thank you enough

  • @jovankakucinar2077
    @jovankakucinar2077 2 роки тому

    So amazing explanation, the best in my life.

  • @tomlindsay7861
    @tomlindsay7861 3 роки тому

    thank you, great video simple to understand

  • @mdmax980
    @mdmax980 6 років тому

    Holy crap you just blew my mind. This made so much sense!!

  • @alyali8637
    @alyali8637 6 років тому

    very helpful .. now i know what's it all about ... thanks ... keep it up

  • @CreepyRecordings
    @CreepyRecordings 3 роки тому +1

    You saved my college life

  • @Linkay89
    @Linkay89 4 роки тому

    Thank you very very much. You are very helpful.

  • @adrianmathias3895
    @adrianmathias3895 9 років тому

    Awesome tutorials to brush up... Thanks Larry!

  • @adriencabanel9126
    @adriencabanel9126 4 роки тому

    aaaye g, really appreciate it, much love from Germany and india

  • @yordanostikue1933
    @yordanostikue1933 Рік тому

    tnx u open my mind on this basic accounting

  • @pissunexus4714
    @pissunexus4714 5 років тому +1

    thank you for this great video !! helped me alot :)

  • @saquoiag
    @saquoiag 4 роки тому +1

    Thank you sir! This video is very helpful!

  • @akeinujmac
    @akeinujmac 9 років тому

    such a brilliant professor..i wish im gonna meet him

  • @Rick1972mx
    @Rick1972mx Рік тому

    Thanks, it was sooooo easy to follow.

  • @RoOoRi100
    @RoOoRi100 9 років тому +3

    thank u sooo much i think i'll get an A+ because of u !!!!!!!!

  • @Spince28
    @Spince28 8 років тому +1

    Bless you Mr. Lazofson

  • @mubeenshoaib799
    @mubeenshoaib799 8 років тому +4

    Thank you very much Sir. I hope you're videos r being monetised! :-)

  • @tiarakirksey1633
    @tiarakirksey1633 5 років тому +4

    Thank you thank you THANK YOU!!!!

  • @Deathsight580
    @Deathsight580 9 років тому +2

    Thank you for these videos!

  • @mikeynyc6857
    @mikeynyc6857 4 роки тому

    Would love to see you explain a income statement in relation to a balance sheet .

  • @ZamatoElite
    @ZamatoElite 3 роки тому

    Very helpful, thank you.

  • @stephanielanderos7859
    @stephanielanderos7859 2 роки тому

    wow this was very easy to understand, thank you!

  • @miriambonilla6407
    @miriambonilla6407 4 роки тому

    Thank you! I appreciate your help sir.

  • @GuilhermeAlves-ft8ff
    @GuilhermeAlves-ft8ff 4 роки тому

    congrats, very easy to understand. thank you

  • @nadiasweetland
    @nadiasweetland 10 років тому

    Great examples. Thanks!

  • @farkhoddosanov994
    @farkhoddosanov994 3 роки тому

    Great! Thank you a lot! Easily understood!

  • @Somalioz2020
    @Somalioz2020 4 роки тому

    Awasome

  • @GloriaCopeland563537
    @GloriaCopeland563537 8 років тому

    Thank you, love the way you teach

  • @yetundeoni4876
    @yetundeoni4876 8 років тому

    thank you for the video. I've never done accounting but want to have a knowledge of it, been reading textbooks, watching accounting videos and so far its been really interesting. but what i don't seem to understand is why asset increases with a debit and decreases with a credit. it seems to me like credits should increase assets. I'd so much appreciate an explanation. thanks in anticipation.

  • @fathinmahirah
    @fathinmahirah 5 років тому

    thank you sir. u help me so much with you clear explanation😍😍😍

  • @Natureblasts
    @Natureblasts 3 роки тому

    God bless you, You're the best

  • @sasosaso5995
    @sasosaso5995 3 роки тому

    very clear. Thanks a lot.

  • @elvinabdullayev2451
    @elvinabdullayev2451 7 років тому +1

    It was very useful for me ! Thanks !

  • @hussainalhamed302
    @hussainalhamed302 Рік тому

    You are a legend ✨✨✨🙏🏻

  • @nassernathan
    @nassernathan 3 роки тому

    I value your work

  • @hydrainarms3135
    @hydrainarms3135 4 роки тому

    If my accounting teacher explained himself like you have, my god i wouldn't have any gray hairs..

  • @wheat_snipes
    @wheat_snipes 4 роки тому

    Just what I needed thank you

  • @craigabrahams9913
    @craigabrahams9913 2 роки тому

    Thank you so much, this helped alot

  • @jennyalcantara5964
    @jennyalcantara5964 4 роки тому

    THIS IS SUPER HELPFUL!!!!!!!

  • @lauram7416
    @lauram7416 4 роки тому

    Really good omg!! thank God I found you !!!!

  • @Driving4bangers
    @Driving4bangers 3 роки тому

    This is great review

  • @sharavv676
    @sharavv676 7 років тому

    Larry the guru of accounting

  • @S97b
    @S97b Рік тому

    Thank you so much, finally I got it