Accounting 101 Part 04 Revenue Expense Net Income

[megasson2]

hi

[enlight09]

interesting misunderstanding.

there are no debits or credits in this video, just plusses and minuses. the liability, util/pay, is growing while equity is shrinking. i think a later video shows the debit and credit version of this event.

thanks for the comment!

[einetutterauchen]

at 5:43, you say "mo gets the electricity bill". Util/Pay account is debited 100 dollars, reflecting the bill was paid. equity is decreased by 100. why don't you credit (decrease) the cash side of the equation on this transaction? 

[92Narkotik]

he talks like he is telling a fairytale :-) 

[BentTemple]

lol jokes



[MishuTaste]

"Oh no!" 

[astig600]

i cant get it some of the important part is not here

[Artyrik21]

Really appreciate all of your tutorials got a exam comming up on this.

[goldy1011]

kindly compressed all the annual or quarterly report balance sheet into one video...

[goldy1011]

where is the cash flow...

[mrearly]

Show me the money! And where its been and where it is going and what it is going to do when it gets there....