T-Accounts and Debits & Credits - Ch. 2 Video 1

T-accounts and double entry accounting

Category:

Education

Tags:

• t-accounts
• accounts
• double
• entry
• accounting
• debit
• credit

[mattfisher64]

Even professors make mistakes. You guys are correct. I did make a mistake towards the end of the video. The expenses and withdrawals should have their debits on the left, like I mention throughout the video. The credits are on the right. Sorry for the error.

[jamiegregoryxd]

you explain it better than my teacher

[verb2verb]

this is what you call the ability to teach!!! you simply good!! thanks

[ziegelman3]

you are one hell of a teacher. this cleared it up for me ten fold.

[sydneycmy]

This man is amazing! His explainations are clear and easy to understand. I was about to drop my accounting class until I found this. There is hope:)

[rodctenis]

Amazing how easy accounting can be having the right teacher. Thanks!

[adibpourmike]

@mattfisher64 thanks for writing this. i was going crazy trying to figure out why you put DR on the right side...btw, thank you so much for the videos.....

[hoperagland]

this is my second semester in accounting at my university and you are literally teaching me so much more than my professor. you rock

[kiki7772001]

I see what he is saying that the following chapters are very confusing if you do not get this part down. I was afraid to move on to the next lesson because I was not understanding this part of the double entry system.

[kiki7772001]

Thank you Yeshua for leading me here! awesome!

[kiki7772001]

I thank God he allowed me to find this video, I was so confused about which side was debit and credit for each side. This video helped me to see what my teacher was saying about the debit and credit double entry system is an expansion of the accounting equation. Make sence now. I thought I was going to need to memorize which account increases with a debit or credit. Now I see that all I need to do is to figure out where in the accounting equation the account falls. Thank you great vidoe.

[KoreanPopDrama]

Thank you, my finals are tomorrow, this video helps me understand the material better, as my accounting teacher doesn't explain good.