lecture 3:debits and credits

[676985db]

Very useful video. I too wish u were my professor. Please do some more videos.

[monicaazizfarag]

escuse me could u plz make a lecture about , statement cash flows

i really need it,i have test soon

[LaiC92]

thank you so much! i have a financial accounting exam this friday and haven't understood a thing until now. this had made everything so much easier! thank you and keep producing videos they are very helpful!

[jaggajatt08]

Finally someone explaining debits and credits in English!

[xsboomstaff]

Job well done, very clear explanation...Thank you!

[coookiessx3]

THANK YOU SO MUCH. I think i'm getting it (: !!!

[KJENVORO]

Thanks what took my professor two hours to "explain" it took you 8 min

[polpol2k4]

i love you!



[02nicka]

why is the total of notes payable there is 400 instead of 500?

[chitownzprinz]

@02nicka Because the note's payable was reduced by the $600 cash payment that was made. Leaving a Credit balance of $400.

[cheniknik]

This is my second time taking this course. I feel I will do better since it is explained in a way I can understand. Thank You

[shizuyure]

I thought I'd never get it! Thanks so much!

[whataboutz]

Oh my god id never thought id understand this t accounts, thank you very much!!! by the way i love how your energy and d fact that youre just using pens n paper, appreciated it very much!

[LibertarianSeeker]

Great lecture! Thank you :)

[microminipuppy]

thank you!!!!!!

[835avin]

you are the best sir

[ecuasion100]

i bet his wife disliked the video

[brianlewis4812]

oh my, awesome! Debits and credits can be very confusing. Sifted through a lot of accounting books, first couple of chapters, to try to get it Trying to help my girlfriend with her accounting. However this is by far the best way I have been taught it, thanks.

[charlene36]

thumbs up if you think this man is AN AMAZING TEACHER!

[AspenNashay]

Thank God For You Sir, you've really helped me..

[melakkati]

amazing teacher, amazing explanation

[pranavshah81]

I think this is wrong that Expenses Debited as Decrease. Expenses are always Increase when it Debited. Due to that was always say that Expenses effect is same as Asset and not same as Equity.

[fibubu1]

All I can say, is that this nice man is my creditor now, because I owe him something for teaching me these issues so I can understand it. I will pass that knowledge same way as you did to my colegues from acoounting course so they'll become my Debtors.

Thank You

[kagomeh14cynthy]

Omg omg u r my saviour! Why can't all teachers do that? U make so much more sense I love you! Best teacher ever

[telbran]

I FINALLY GET IT!!!!!!!!! Why can't all teachers make things plain and simple to understand? Thanks for your help!!!

[JindieDoe]

Finally a lightbulb moment in understanding of where to put the information in a T ledger

[Rugalitarian]

I wish this guy was my professor

[Tiye1000]

Thanks! It is helpful but I don't really get this.

According to lecturer 2,

Expenses is equal to cash drop = assets drop which mean credit right?

But at the same time, equity also drop due to drop in assests but no affect on libility. Equity drop = debit.

So I am quite confuse with this.

Hmm...Anyone can help me out with this? Thanks in advance!

[SilverResaRee]

I love you so much! Now you are my teacher. I've learned more from you than my accounting class. My mid-term grade was a F. I like the way you teach and I really understand everything you are saying. I wish I saw your videos before mid-term. I will have a passing grade now for my finals because of your teachings. Thanks a million and God bless you many times over :)

[GSellers100]

You have a gift for simplifying the complicated. Thank you!!

[kolbrand]

You should be credited :o)

[inno1993]

THANK YOU SO MUCH! Extremely useful, and really cleared up any confusion I had =D

[abdulmajeedatq8]

it is very use ful ~!!!!!

[ayaayapril]

Very well explained!!! Thank u much. It help me to understand this topic better. :)

[breetaliciousme]

How I wish you're my teacher. My Professor in our school does not teach us, instead he sits down on the teacher's table and let us do the discussion. he asks us some questions and our answers must be the same as what is written on the book. Cruel. But then again, my studying habit is being developed.

[peaceloverpaki]

god bless you sir..........................!­!

[karola975]

My god, that's a great talent, to talk about accounting in such a fascinating and clear way! This video is really helpful, thank you!

[sin8sin]

many many thank to you bigbeancounter, now i understand how debits and credits work!! thanks again for the help !!

[SnakeEyes1337]

great vid. ty so much. please keep sharing your knowledge

[ImJustKiddingDude]

You are an amazing teacher! You thought a whole debits and credits topic in 8 minutes which my lecturer too a whole hour! Thanks very much! I now fully understand the topic!

[farnese111]

You are rockkk !! I have read through the textbook, online database, wikipideia, discussion forum .....etc. and I have no idea how DEBIT AND CREDIT work ! !! But Now I see ! THANK YOU !!!!

[eeshot]

wew! love it! idol! woooohhh

[reinaesteras]

you are awesome thank you!

[nanasofia]

I am going to keep watching the BigBeanCounter throughout my accounting course.....he simplified the concepts and broke them down to make them easy to understand.....thanks

[40523640]

Excellent teacher, your enthusiasm conveys interest which captures attention. I think you should invest in a HD camera and do some more videos! :)

[rozeritz521]

yeah,,excellent,,,thanks sir, now, I undestand what is credit and debit,,always thank u for your vids...

[A7Xknowsbest]

Nice work!

[Cezska]

You sir are amazing. Thank you so much. It helps.

[sillyluna]

Thank you so much!! You're my hero!!

[marck224]

mehn, u made it so simple and understandable than my professor!

[hi5blast]

THANK U SIR..

[SurfWax220]

Thank you so much for this video. I'm taking an intro to accounting class and my school thinks it's funny to give us a horrible teacher so that no one can understand these concepts and they can weed out half the students. You explained this perfectly and I finally understand it. Thanks!!!

[folayano]

excellent teacher

[mano6613]

SIR, you are outstanding, i always remember you because you teach me debits and credits,thankyouuuuuuuuuuuuuuu­uuu,GOD BLESS YOU

[tccombs]

THANK YOU BIG BEAN COUNTER!!!!!!!!!!!!!

[dudeinthesea]

this is the best explanation of debit and credit in the world. You sir, are amazing, thank you.

[rexx33]

Wow, you are a great teacher!!!

[izhardawer]

i m from pakistan. thank you sir. that was a great lecture...

[BMasif124]

this is the most comprehensible explanation i have come across so far. thank you so much for your work sir

[BobbyHaet]

If all the teachers I had were half as clear at explaining things as you I would have learned at lot in school, you are the man.

[nrostaie]

Pause vid at 5.58!

What do you see 

[santacruz474]

Thank You very much Sir, this explaination was great.

[1espiritu1]

Yes thank you! My professor is not as enthusiastic, as you! You definately helped me! Thak you!

[Santamariacastro]

you rock!

[gee6965]

Thanks for breaking down the D/C.  Looking for other videos very good instructor.

[epiphanydetroit]

Thank you! I was so confused because I could not understand WHY assets were debits and liabilities and equity were credits. By pointing out that assets are on the left (like a debit) and liabilities are on the right side of the equation ( like a credit) you explained what was confusing me in seconds. I have been trying to understand this for hours!

[kmk45]

I really appreciate this! these videos are the truth.

[therudygaytan]

sr. my respect to you, this is really helpfull

[Msgreenfingers1]

So much thanks to you.

[ChrisAreeba]

I love you Sir.

[afaq2468]

thnx for the video..ur explanation technique is awesome!!!

[afaq2468]

thnx for the video...

[phoenixheart2788]

Sir you are my hero, this whole semester it seems I've been bangin my head against a brick wall, here you come along and in less than 10 mins you've taught more than my instructor has in almost 5 months

[TheHobbyistChannel]

Thanks man, better than my class!!! what boggles me is that Debit usally means -take away, and credit mean to give, but in Acct it is the oppsitie.

[13foxtrot13]

I really cant thank you enough for all these videos... You explain this in such a simple manner... This easily just gave me 20 more points on my next test.

[KGWrigley21]

wow i feel like i am wasting money on my college education. My professor is an actual accountant and he couldn't make it as easy and simple to follow as this. Thank you so much, this video seriously helped me a lot!

[sisyannaing1]

Very good explaination. I looked a lot of people who explained about "Debit & Credit", but I did not understand as well as this teacher. I appreciate that. :)

[erik160890]

debit and credit....mygod.

[The7legacy]

Great video.

You need to show & explain this to the Government.

[akajambas]

You are a savior! You explained that SO well, and with such enthusiasm! I totally understand now, thanks a lot!!

[hkpoctb]

In 8 minutes, this guy managed to explain what my accounting lecturer couldn't in a whole semester. If only all lecturers could be this great!

[shellion5]

I love you! I wish I had watch this before my first test then maybe I wouldn't have failed

[yegi]

I want to thank you because for days I was trying to understanding how debits and credits work in a balance sheet and I could not understand until I opened your link , you thought me in a very simple way the basics of accounting. Thanks again!

[XConnzz]

I have a question.. according to the diagram I have in my notebooks and on internet. Increase in Expense is Debit. However you have mentioned in your video When Expense decreases its a Debit. (at 2:26) Could you please reply back on that ? Thanks

[zozikas]

@XConnzz

It's a very good question. Well the Expences are going up they iffect Equity and if equity goes down so it means that it is a Debit. If Expences go down it will be credit due to equity is going up.

[XConnzz]

I have a question.. according to the diagram I have in my notebooks and on internet. Increase in Expense is Debit. However you have mentioned in your video When Expense decreases its a Debit. Could you please reply back on that ? Thanks

[JAtria]

The more I watch, the better I understand the material. =D

[vipulawick]

thanks

[jaxntwins]

please do more this is excellent

[TanoInMelb]

this guy is brilliant

[theoneandonlymeyupyu]

im freakn pissed.why didnt my professor tells us this!!!!!!!!!!!my professor didnt even say what they are

[tizona1492]

oH! thanks god I found these videos, now I have a hope to pass my examinations in December. Thank you, really!

[CuzYourAHoneyBear]

from everybody's comments.. im getting that accounting teachers really dont like to explain anything. i have accounting 101 now and the professor refuses to answer questions. he doesnt know what hes talking about. these videos are helping :)

[rajaninag88]

you are really good.plz upload videos on trial balance

[nestorcorp]

shell shocked you explained in less than 10minutes 

[nestorcorp]

YOU ARE THE MAN!!!!!!!!!

[dpcutiie9]

GREAT !!!! GOOD JOB :)

[fsdfefswfs]

great lecture, im sharing this with my class

[bobichina]

Really really helpful!!!! I sit here learning by myself via internet, reading the book for 3 hours but got confussed more and more. But after listening to his video, just 8 min. I completely understand!!

He is awesome!!

[muthi6]

WOw…he's simply the best instructor I have ever seen…his way of teaching and his example is amazing…m not a acct major. And never known about the acct... But this video…made it really easier.…like a piece of cake…one of his best thing in his teaching is his facial expression and the clarity of language…thank U very much.

[blackbuttafly7]

you are an amazing teacher!!!! i love that fact that you are very detailed in your teaching!!!.......i wish i had you for an online teacher...and now an on-campus teacher....keep up the good work professor!!!

[MESSER8989]

How much do I owe you?

5 Stars.

[martalianna]

may I know where are you teaching now ? beacuse I want to study accounting in western country. thank you

[LanreStrat]

Thank you...this has been very useful.

[shyment3]

that is the best explanation for the debit and credit, simple and easy.

[mymik1979]

you made my life. no one can make you understand this so simply. you are great

[frostinferno786]

Thank you very much, very simplified explanation of a procedure which can get complicated.

[LiberianGirl1122]

Thank you so much for this! Never understood the Dr/Cr thing this well!

[hjwjenny]

Thanks, good revision!

[animemeowlolz]

Your The Bomb whaha.. I Understand it very well..

[frojas777]

Thank you Sir!

[yunxin1984]

This really helps alot. Im a student doing in music pedagogy and performance. I get so pissed off when my lecturer ask me to design an accounting plan for my future music studio cause i know nothing about accounting. But now i have some idea. Thank you so much =)

[jewelz87xoxo]

Thank you so much I get it, My summer course is flying and this really helps me understand concepts of accounting

[bfrances9]

Thanks for this video. You made this subject a lot easier to understand than how my textbook and online tutorial explains it. I FINALLY have a better grasp on it. I was still holding onto the whole made up terminology that "debit" means to deduct and "credit" means to add.

[pinkdogg13]

Thank you sir for sharing your wisdom! Please keep these videos coming, they are much appreciated!

[BIGSID320]

Yeah man, you are better than my professor!

[zammytot]

now i understand haha! thank you so much..i wish u were my professor..haha!

[rmorik]

Great video thank you for taking time to make these videos.

[qtipp145]

thanks so much for the help!

[DoodfaceMcGee]

Wow.. it finally makes sense. Thank you!

[era633]

thank you sir...

[e1e3e4e5]

Thanks again....

[parker0608]

I love you master. I call you father of teaching acc.

you are really awesome.

[gralvien]

@zskarimi Debits and Credits dont mean a thing in accounting.Dont worry i was confused juz like you,all you need to do is follow the notable instructions of accounting.u are good to go,after that.

[yhthatsme]

wow kool ,Thankssssssssssssssss alot , you are kool then my ACCA teacher, now after a month i realise and get to know the debit and credit...thank u so so much, looking fwd to see more videos...cheers

[zskarimi]

there is something that I don't understand! When you have an asset like for example a house, then why is it debit?! its a credit! because you own it! I mean you don't owe money to some1. So it should be your credit. When we say debit it means that you owe someone! isn't it?!

[Enakableena]

Excellent!!

[brownvibez12]

ur the man

[aufdieinsel]

this is so awesome

[88Ratty88]

This is helping me understand the concepts of debits and credits a bit more. I wish you were my teacher. He just teaches us the theory without showing us any examples. Showing the practical application of the concepts was really great.

Thanks for making this video.

[ddgg2009]

this guy is the Lou Holtz of the accounting world!!

[80amnesia]

*****

[GreaseMonkey4590]

You, sir, are an excellent teacher! I've been struggling to understand debits/credits and in under 9 minutes, it all clicked =)

[xxxxxxxxSARAxxxxxxxx]

god bless you you are an excellent teacher

[coolsilk27]

SIr. YOu are an excellent teacher you should replace my teacher whose a stuffy academian at best!! If only you could tutor me here hmm.. :)

[mrsweetg1]

why is revenue credits? should it not be assets?

[Mike84877]

rev is the op's--- u made money thats y its a credit

[mrmichael20]

This man is GENIOUS, I appreciate this very much!

[Barcepepa]

Thank you! I will recommend this video to anyone who needs help with Debits and Credits.

[Wazapmedia]

god bless you sir

[investortownhall]

The best of debits and credits in under 9 minutes. Fantastic job!

[sadboy787]

Its tooooooo gooood!!! i take my double entry lecture today at my college and this video helps mea lot to unserstand that thanks.....

[zzohaibmalik]

thanx a lot sir.....i love the way u explain the things ..:)

[cryskiwi]

very helpful...thanks

[angelicalursula]

Thank you so much for this video! I've been trying to figure out this topic for a couple of days and you finally helped me understand it!!

[ashgaerlan]

thank you!

[pcab]

Thanks for the videos! You explain this alot better than my professor! Keep It up!

[vickyhlshin]

thank you so much!!! this lecture is really useful!!

[maropadaro]

I hope you post more videos... I am now understanding the concept of Debits/Credits... Please post more videos on Accruals/Defferals and Trials balance

[maropadaro]

Great job! Thanks! it helped a lot!!! :)

[naswaari]

thank you Sir :)

[tukangsirkus]

great!. hope to see your next video soon

[killer5051]

that was an awsome explaination. now my Debit & Credit problems are much simpler.