assets expences dividends/drawings = Liabilitys Income and Owners equity
If it increases and its on the left its a debit (if it decreases and its on the left its a credit) = If it increases and its on the right its a credit (if it decreases and its on the right its a debit)
This is soooo complicated!! Its worse than the book!! How about using: DEA - Dividends, Expenses, Assets - Debit. AND CPR - Capital, Payables, Revenue - Credit.
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all you need to know is: AED=LIOE
DEBIT SIDE CREDIT SIDE
assets expences dividends/drawings = Liabilitys Income and Owners equity
If it increases and its on the left its a debit (if it decreases and its on the left its a credit) = If it increases and its on the right its a credit (if it decreases and its on the right its a debit)
Camjamsmi 4 weeks ago
wow
devy789 4 weeks ago
I remember why I decided to change my major:)
crafts 2 months ago
salamat1
adelle0001 3 months ago
this video is informative! thanks!
Agentxpoipoi 3 months ago
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Rules of debits and credits:
An increase in expense (eg a purchase of stationery ) or an increase in an asset ( eg purchase of office furniture ) is debit.
An increase in revenue ( eg a sale) or an increase in a liability (eg buying goods on credit) is a credit.
A decrease in an asset (eg making a cash payment ) is credit.
A decrease in a liability (eg paying a creditor) is a debit.
for details vist: tutoraccounts.blogspot.com
iibi1367 5 months ago
thank you bro. He showned patterns to remember easily.
ThugMentality26 6 months ago
why not just remember that assets and expenses are increased by debits? the rest would just be based on the inverse of that statement.
joeblivian 11 months ago 3
@joeblivian u are ridiculously right sir - stupid video
jphlfcjphlfc 10 months ago
Rule the tube 2010 – CAuse you CA
Paste and watch this video, you will want to become an accountant
vedant5 1 year ago
You Rock my friend!....Thanks for the clip.
huppysingh 1 year ago
This is soooo complicated!! Its worse than the book!! How about using: DEA - Dividends, Expenses, Assets - Debit. AND CPR - Capital, Payables, Revenue - Credit.
UpcomingJedi 1 year ago
AWE=LCR
Dr=Cr
AL0STAZ 1 year ago
One other thing to note is that dividends increase by debit
aakkdmx 1 year ago
thanx, i FINALLY (after 4 years ) got whats debits and credits about...finally :_))
ivonaBendova 1 year ago
ya, better to put some examples.
crossovernepal 2 years ago
can someone tell me before anything what the heck is credits and debits when it comes to accounting!!!
eelizabeth20 2 years ago
Comment removed
FogTraiz 2 years ago
personally i needed just this. i am an accounts person and this bit baffles me intermetently.thank you so much.
okukusekudelali 3 years ago
I am under contract with a major accounting textbook publisher, and I can't post additional accounting videos. It would violate my contract.
Sorry
campbell79 3 years ago 2
still confused, i think you should put some examples
thanks !
AndyRoddick969 4 years ago 2
you slow.
northde7bashy2 3 years ago