Accounting 101 Part 04 Revenue Expense Net Income

Fourth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This discusses the relationship among revenues, expenses, and net income.

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[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!

[92Narkotik]

he talks like he is telling a fairytale :-)

[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....

[megasson2]

hi

[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?

[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...