Enjoyed the video? Then subscribe to the channel, and take your next step towards accounting greatness by watching my video about how to prepare a trial balance: ua-cam.com/video/SpAwI_SSDHY/v-deo.html
I am from the finance area, and sometimes deliver "finance for non-financials" training to employees of healthcare device companies, so we are moving in each other's direction. 😊
Amazing and motivational! I have downloaded your wallpaper on my phone - great idea! The the forklift is quite expensive :D that shall be a big chocolate :D
Hello! Thank you for the video, and explanation of T-accounts as well. I would like to hear it in a bit slower way. Will be gratefull 😌 But in common very easy to understand. Well done!
Thank you for the kind words. I have some related videos on for example the accounting equation in this playlist: ua-cam.com/video/b93KBmcXanI/v-deo.html
Thank you very much for the compliment!!! Hope you find a lot more useful videos on this channel, see if anything in this playlist helps you: ua-cam.com/video/b93KBmcXanI/v-deo.html
the only thing that confusing me is the first example. I understand why we debit and credit assests for it, but couldn't it also be an expense sine they are buying it? the forklift
Good thinking! Once you started using these fixed assets (in this example a building and forklift truck), you record an annual depreciation charge, which is a debit to expense and a credit to accumulated depreciation on the balance sheet (which effectively reduces the net book value of the asset). Have a look at my video on depreciation to understand how that works: ua-cam.com/video/6SY8s1_OEro/v-deo.html
Take it step-by-step. I suggest to start with the accounting equation ua-cam.com/video/OYql7Y9NnBg/v-deo.html and double entry accounting ua-cam.com/video/EibibVFEkvk/v-deo.html and then come back to this video about T-accounts.
Hi Daisy! Neither. Present value is a term used in investment analysis (Net Present Value, Internal Rate of Return, etc) and is the opposite of future value: ua-cam.com/video/N-lN5xORIwc/v-deo.html Debit and credit are terms used in accounting to indicate where you "place" a journal entry: ua-cam.com/video/n-lCd3TZA8M/v-deo.html
Enjoyed the video? Then subscribe to the channel, and take your next step towards accounting greatness by watching my video about how to prepare a trial balance: ua-cam.com/video/SpAwI_SSDHY/v-deo.html
This man is clutching up the eaxm that I have tomorrow, great video
Wishing you lots of success!!!! Let me know how it went.
Thank you man you taught a whole 2 hour lecture in 5 minutes
Excellent! Enjoy the other 1h55m. 😉 Here's the playlist with related concepts: ua-cam.com/video/b93KBmcXanI/v-deo.html&pp=gAQBiAQB
Excellent explanation of T-accounts - Keep up the good work Phillip ! - I really enjoy your videos - they are both educational and funny !!!
Thank you very much, Christian! I try hard to achieve the right "edutainment" level. ;-)
Wow! T account ❤ I am from medical line, but get job bookkeeper, but learning your accounts, ❤
I am from the finance area, and sometimes deliver "finance for non-financials" training to employees of healthcare device companies, so we are moving in each other's direction. 😊
Amazing and motivational!
I have downloaded your wallpaper on my phone - great idea!
The the forklift is quite expensive :D that shall be a big chocolate :D
Thank you! As you know, I am quite fond of chocolate. ;-)
Hello!
Thank you for the video, and explanation of T-accounts as well. I would like to hear it in a bit slower way. Will be gratefull 😌 But in common very easy to understand. Well done!
Thank you for the kind words. I have some related videos on for example the accounting equation in this playlist: ua-cam.com/video/b93KBmcXanI/v-deo.html
GREAT EXPLAINATION, AND VERY CLEAR! THANKS =-)
GREAT TO HEAR THAT, BRANDON! 😀
Thanks for the tutorial, this helped in a work
Glad to hear it! Thank you for watching and commenting.
Best one I have come across 🔥🔥🔥
Thank you very much for the compliment!!! Hope you find a lot more useful videos on this channel, see if anything in this playlist helps you: ua-cam.com/video/b93KBmcXanI/v-deo.html
Thank q very much. Ur so simple and perfect sir.
Thank you for the kind words! Happy to hear you enjoyed it.
This gentleman is definitely Dutch!
Zeker weten! Goed opgelet. :-)
Haha uw accent gewoon
@@McOdiinhO Bizar hè. Ondanks dat accent toch gewoon volle bak views krijgen.
@@TheFinanceStoryteller Lekker toch.
Gesuntight
I always see this in the textbook but in past exam papers its a different story, especially the Rent and Rates A/C
I write neither textbooks nor exam papers. ;-)
the only thing that confusing me is the first example. I understand why we debit and credit assests for it, but couldn't it also be an expense sine they are buying it? the forklift
Good thinking! Once you started using these fixed assets (in this example a building and forklift truck), you record an annual depreciation charge, which is a debit to expense and a credit to accumulated depreciation on the balance sheet (which effectively reduces the net book value of the asset). Have a look at my video on depreciation to understand how that works: ua-cam.com/video/6SY8s1_OEro/v-deo.html
❤✨
Interesting video again
Thank you for your continued support!
Marvelous!!
Thank you very much, Blaise!!!
Goated man
Thank you.
Nice
Thank you, Rajan!
this video is so well explaineddddd but I can't keep up. 😫 The therms chance a lot in English 2 💀💀💀😭😭😭😭
such a shame I can't chose to put subtitles in portuguese
Take it step-by-step. I suggest to start with the accounting equation ua-cam.com/video/OYql7Y9NnBg/v-deo.html and double entry accounting ua-cam.com/video/EibibVFEkvk/v-deo.html and then come back to this video about T-accounts.
Thank you
Great video thank you ☺️
Thanks for watching! 🙂
Well Executed!!
Thank you!!!!
Yes
is Present Value a debit or credit
Hi Daisy! Neither. Present value is a term used in investment analysis (Net Present Value, Internal Rate of Return, etc) and is the opposite of future value: ua-cam.com/video/N-lN5xORIwc/v-deo.html Debit and credit are terms used in accounting to indicate where you "place" a journal entry: ua-cam.com/video/n-lCd3TZA8M/v-deo.html
The Finance Storyteller thank u!
Trying to figure out how to calculate net income with debit/credit t account. This didn't help
Hello! Agree, this video doesn't cover that. The video on closing entries does: ua-cam.com/video/CXiKLtb7tqI/v-deo.html
Where is dividend
Debit equity credit cash. In the cash flow statement, you find dividends in the "cash from financing activities" section, as a cash outflow.
These r fast
Hi! Not sure what you are referring to.... Do you mean I talk too fast? In settings, you can slow down the playback speed to 0,75x, if that helps.
Yes I had to slow it down a bit I love the content tho it helps more than my tutor
Happy to help, Alesia! :-) Related concepts can be found in the Accounting 101 playlist: ua-cam.com/video/b93KBmcXanI/v-deo.html&pp=gAQBiAQB
So lost. You’re so fast. Meh!
Hi Greg! Maybe start at the beginning, my Accounting 101 playlist: ua-cam.com/video/b93KBmcXanI/v-deo.html