Debits and Credits for Beginners
Вставка
- Опубліковано 16 лип 2024
- 🔥Accelerate Your Grades with the Accounting Student Accelerator! - 85% OFF
Financial Accounting Accelerator 👉 bit.ly/fin-acct-review
Managerial Accounting Accelerator 👉 bit.ly/aua-mgr
Want to master financial statements? Check out the Full Course Below:
www.udemy.com/course/learn-ac...
Debits and Credits for the Beginner! I'll give you the basics to learn quick and easy.
Hi I never had accounting,and I have it now at the college, I will appreciate if you can help me to understand accounting.
We should go back in time and kill the clown who invented this BS. What's the logic behind it? This Dr / Cr nonsense is akin to saying some numbers are always negative and some are always positive. Sheer lunacy!
@@classicalwit Yes ! I totally agree ! This stuff is so dumb. If you have any understanding of numbers and words, this concept is offensive. Accountants suck. The only way I can make any sense of it is that they didn't know what the words meant. They just plucked some words that mean opposite things and applied them. Unfortunately for everyone else these words already had a meaning and now we're stuffed.
@@anthonygirdler606 Are you refering to how in accounting they call money coming debit and money out credit? which is the complete opposite of the words meaning. I'm struggling a lot with this at the moment too
DUDE FINALLYYY. I found someone who actually knowwssss how to teach slowly and compassionately!! 😊
Oh my goodness! Thank you so much for this explanation, have been looking at 13 videos today and you are the only one who has succeeded with explaining it in an understandable way! Many Many thanks to you!
So happy to hear that! I will be creating more videos every single week 😃
The only video that helped me understand debits and credits. Wow! Thank you!
This is the best video I have viewed for leaning the different between debits and credits. Thanks so much, great job.
4 years at university and now I get to know this perfectly... Thanks AUBG.
Debits & Credits !!! Thanks for the simple explanation and making it easier to understand for beginners...
Thank you so much for the straight to topic point and easy breakdown. Appreciate your effort in making this video; helped me alot! ☺️
Thank you so much for this. Your explanations are always easy to relate to or understand.
Seriously you are a life saver. I leave from examples and you just made it click for me. You are appreciated.
you are amazing in explaining debit and credit. I was having hard time understanding the concept but thanks to you, I am starting to understand it. Thank you.
While trying to build passive income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen people making up to $800k in a month during high-inflation
One strategy is to invest in assets that perform well during inflation. Another strategy is to focus on companies that have the ability to pass on price increases to their customers. It's also important to maintain a diversified portfolio. It may be a good idea to speak with a broker who can help you develop a customized investment strategy based on your individual goals and risk tolerance
@@MarcusFred-wn3iv I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses). Then out of nowhere 2008 happened, and I lost 50% of my savings in a very short period. That prompted me to hire an FA, Since then I have been learning a lot about the stock market and I have made up to $500k in returns
@@BrunoLuke I've been thinking of going this route of using an advisor. Could you suggest yours?
@@MarcusFred-wn3iv I personally work with *KRISTIN GAIL CUNNINGHAM* She covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, and ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her
@@BrunoLuke She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
Omg, you just saved my life with this video. I could not find a video that I understood where debits and credits are concerned. Thank you so much for this.
So happy I could help!
OMG, THANK YOU THANK YOU THANK YOU... I don't know why this seemed so simple for you but so complex for others (my professor) to explain!
I watched 100 videos until I got to this one, the only way to understand the debit and credit matter was through this video! You are the best! And thanks for the exam.
This video cleared all my confusion about debit and credit. Thanks a lot. This video is really underrated ( practicing for tomorrow's exam ).
You are quite literally my super hero. I've watched so so so many videos and re-read my book several times about this subject, it just wasn't clicking at all. Thank you!!
That was so much better than professor and other videos combined. Holy. Thank you much for your content
Happy to help!
Thank you!! You made it so simple to understand
Best video on this subject! Thanks man
Thank you for being clear and to th point!
Wow thank you so much! I finally get it!!
That was so clear and usefull! Thanks. So basically everything is increased (go up) you just need to know to with account apply, referring to the abbriviation.
Great session sir
Thank you.
Thanks a lot, your channel is amazing.
Love this explanation, very nicely done!
Thank you for the clarity, it is was very helpful
Thank u, u explained this so much better than others;)
You are the best !! I’m finally getting it !
Thank you very much, Great video!!!
really appreciate your video as new content creator in this fields
Ah I'm finally starting to get it! Thank you!!!
Thanks so much , I was struggling to understand this
Holy shit I’m so glad I played bball with this genius instead of us each taking our grad school final exams nearly 10 years ago because now we are both amazing teachers instead… That saying you were possibly thinking in response to this true lil totally is bogus btw yall, extremely relevant to this video in particular if you have any idea how expensive a masters degree is. Hell yeahI love accounting!!
Thanks for watching buddy! Forever teachers 🤝
this is the best vid on this topic by far
Excellent video!
Great explanation 🙏
The best video explaining accounting basics.
Glad it was helpful!
Never heard of Dead before. Thank you
Nice video. Makes sense.
Thanks so much
Thank you for the explanation.
Happy to help!
Thank you for this❤
great video
Thank you
great job,
Awesome teaching!
Glad it was helpful!
This was so great omg
Omgg thankyousomuchh for these videos
Hope your channel is still alive my friend, very useful, clear, simple content
thankyou
bless you bro
I understand that some are debit by nature and some are credit by nature. But what is debit and credit itself? What do these terms actually mean?
would help if you put in the actual visual equation so we can see where the +s -s go on the A= L+S/E
Honestly, I have keep studied Dr and Cr for a month but finally, I understood that I am not an accountant person then I left it.
I signed up your course last night, I got the receipt email but I didn’t get my course access information email.
youre goated 3 years later
what about credits? if they increase or decrease?
Dwight Schrute!
Man you're so easy to understand+
New subscriber
So I am a big picture learner. I understand if you increase you "debit" and if you decrease you "credit" But why? It seems it would be the opposite. I know the RULES; I need some reasoning of why this is so I can completely understand. Thanks!
I have a question. Why would the formula to get assets be written as liabilities PLUS owners equity . When it should be MINUS.
In my head if I add up all liabilities and then I add my equity that’s adding when it should be minus your Liabilities from your equity.
Company assets = Company liabilities + SHAREHOLDERS" EQUITY.
Shareholders.
I need your help my dear taeacher?
Wouldnt cash as an asset be a Debit? So if youre buying a product, it would be a debit from cash?
When you receive cash, it is debited. When you pay with cash, it is credited 👍
when an asset increases it is a debit. whem you buy sonething you are decreasing cash so it is a credit.
may i ask if you earned revenue that means cash has gone up right? how come its a credit?
Will balance balance sheet by crediting revenue and debiting same amount fr9m cash a/c to balance asset and liability
I’m just not understanding why expenses would go up as a debit
How do you record if you steal 1 million dollars?
Instead of CLRE,
Arrange,
Credit
Liabilities
Equity
Revenues
CLEAR MINUS THE A
or Mr. Cler
@@sauldiaz2139 genius 😂👏😌
MAN U GAINED A LIKE... THE UNI PROF DOESNT KNOW HOW TO EXPLAIN THAT EZ
EVENTHOUGH I AM STILL A BIT LOST BUT WAY BETTER THAN B4
THANK YOU
4:30 if I pay the debt (liability) with cash (asset) shouldn't the asset decrease because I used it to pay the debt?
That is correct. Thanks for pointing that out! I will be making a new debits and credits video soon 😎
@@Accountinguniv Thank you so much! I was so confused. I've started a bookkeeping course recently and these videos really help.
One made up word from me here is DEALER first 3 DEA are debit i.e. Dividends, Expenses and Assets. last 3 LER are credit.. i.e. Liabilities, Equity and Revenues.
Very confused. Something can't go up with a debit. That's not what the word means. It's like saying 5-3 = 8
Using an acronym doesn't help to explain the concept. It's just rote learning. Instantly forgettable if you lack understanding.
Yeap this is accounting.
Yes.
The words are English but the meanings depend on where you use them.
For example
Debit a debit account means the debit account increases.
Credit a credit account means the credit account decreases.
This information keeps getting presented like it has to be memorized - why is that? Why won't anybody tell us the reason it is the way it is so we don't HAVE to memorize it? Is it because it's nonsensical and randomly assigned? Surely that can't be true...
Just sent you an email.
No wonder I write for a living. FML. Huh? LOL
That was good...but not great or anything. Try some coffee.