Rules of Debit and Credit

In this video, you will learn in depth about accounting of business transactions and learn about how they affect different accounts, and how to apply the rules of debit and credit in different situations.

[@dkoaaaaa]

If you simply want to know the rules of credit and debit, skip to 10:20

[@mallannaaikur8509]

Mr. brother. How to go and see that please Tell me

[@rodineblair2584]

SpaceBread thank you!

[@AHMADANSARI-er2zc]

mallanna aikur.

[@imaytravel]

thanks man :p

[@umasrivastava9523]

Thanks, haha

[@CalienteFrijoles]

Thanks for making videos like these. You're teaching me more than my professor. He rushes us through class, hands out an assignment on what he just rushed through, and expects his students to know more than what he explained

[@simhadrinandini282]

Golden rules for Debit and Credit:
DEBITS:
1.What comes in???
2.Who is the receiver??
3.All expenses and losses
Shall be DEBIT.
CREDITS:
1.What goes out??
2.Who is Giver???
3.All incomes and gains
shall be CREDIT.
EXAMPLE:
David purchase laptop for 800$
What comes in is LAPTOP-so LAPTOP shall be DEBIT
What goes out is CASH- so CASH shall be credit.

[@shikurohakuro3817]

nice man

[@joelbarigye1297]

Thanks

[@Casayrrr]

You save my life

[@husseinabdihakim144]

A simple elucidated explanations e thanks

[@iampakistani4092]

Fantastic👍👍👍👍👍

[@greenspringvalley]

This is the best accounting video that I've found after searching for several hours. The others don't explain, but this video explains with small examples.

[@SanjeevBeekeeper]

This is the most clean explanation, thank you

[@coloradochicmeeee]

I used this to help explain Debits and Credits to my daughter. This was the most effective video on CZcams! Thank you.

[@shazzz2909]

Thank you, whole load of essential accounts explained in less than 15 minutes. The only tutorial that explained what I was looking for. Great work.

[@mohamedabdullahi6694]

you have explained this nicely. i was always having problem what to debit and what to credit. THANK YOU SO SO MUCH!

[@artificialacapellas]

i've been going to class every day for 3 weeks and didn't understand these concepts until i watched this video. Thank you!!!

[@sereydaluxbun6533]

It helped very much. You explained it patiently and the visual with the drawings and writing down the terms worked for me. That is how I take notes when I go to a new job to learn the first few days so I loved it.
Thank you so much for explaining these terms in such a basic sense. I have never taken an accounting class and am finding I need this knowledge in my current role. I really appreciate the way in which you are able to explain these terms to someone who knows nothing of these subjects. You've really helped me gain an understanding of these terms

[@Nicholas-wb1lv]

Thank you for this video, You and Mr Rogan Colbert have really made my financial life wonderful

[@laurenmoore8718]

I'm surprised you know Mr Rogan Colbert too, he has been helping me invest in forex and i make close to $10,000 weekly

[@lakshayp2715]

I just began trading forex but i have not been able to make profit for myself i have been losing a lot, Is there a way i can reach Mr Rogan Colbert because i need his help to help me earn

[@gregorydavids4411]

Heard a colleague of mine who just bought a new car give appraisals to this man for helping her out

[@Nicholas-wb1lv]

​ Lakshay P
You can communicate him so he can help you out
Roganfelixcolbert(a)gmaïl-com

[@yttoday3076]

This video explains a lot and i have really learnt some new things from the lecture

[@basilkuriakose896]

THis helped me so much.. I was so confused by the way my professor was explaining but you have clarified it perfect. thank you very much

[@angelina_jay]

I have my first accounting final tomorrow and I have been confused about debits/credits the whole year, this video has really helped! ty I hope I do well:)

[@dinalark1063]

Thanks so much. Explained where I can understand it. Watched 5 videos and this is the one that makes the best sense. Thanks so much!!!!

[@cashmanagerlimited525]

Debit and credit -- the two powerful words in accounting. Thank you for clearly explaining this.

[@undrallavenkata]

Awesome Madam, I have gone through many videos on this concept but I can say this is the best video anyone should listen to, you have got a wonderful teaching skills, thank you very much!!

[@Yaddehpaddeh]

One day before my exam! This video was a life & timesaver. Thanks for the help. Keep up the good work!

[@sirtatay4688]

Excellent. That's exactly what accounting is. Thank you for sharing your knowledge.

[@BangaruAmarnath]

Great work. I was so confused about which account will be debited and which account will be credited.

[@TheFosroc]

Best explanation I, as novice, came across. Thanks.

[@baitullah8227]

wow you are the best teacher of my life........ i salute for you teaching methodology.

[@Heshamst]

I strongly believe that teaching is a talent, and you got it. Thank you very much for this useful explanation, keep it up.

[@charlesg7926]

I couldn't understand her accent though

[@vmjz13]

your explanation made it so easy to understand
THANK YOU SO MUCH!!!!

[@deepakdayalan2185]

Very Good ENGLISH AND WELL EXPLAINED, where we never do mistakes. I also appreciate all Finance Train people for their very useful initiative. I request on behalf of Indian Students, also upload for CA, CS, CMA students their syllabus and subject-wise video lecture for poor students. There are many people uploaded video lectures on many subjects, the problem is none of the TUTOR knows ENGLISH. Like me students are not able to understand the local and Regional language video lecture. We expect that you will upload your video lectures only ENGLISH Subjectwise, for CA, CMA and CS students.

[@Arun_Sam]

Really amazing and clear explanation...Thanks a lot

[@williamg311]

10:25 , This is what i was looking for! Ty

[@hanf4415]

Thanks

[@pixelthirst7282]

A simple and easy to understand tutorial. Many thanks!

[@suhylasisi28]

Pixelthirst

[@shainemaguire64]

Thank you for this series. It is helping me understand accounting for my business as a Notary Public, and also in the design and implementation of my own accounting/CRM application I am developing for my business.

[@manzoorahmad7911]

Excellent Definitions
Thanks for video

[@augustayarteh7524]

ooh my God this is a sound explanation for me to know more The name of the book i hear first is called quick book. quick nook is not for computerizing Accounting am just asking because i used it to work on different accounting this is a great explanation.

[@mks1947]

U have explained in a very simple manner .. even a layman can understand

[@bakhtawarbukhari3134]

i was very confused in debit and credit but now i can understand tysm

[@Cris-hk4cn]

Excellent job explaining basic accounting. Thank you

[@rodrigopalomino6603]

excellent, project. I appreciate it. Thank you very much.

[@artemis1306]

I got a failed score here in our accounting quiz coz I still don't get the rule when to debit or credit. But hey! Thanks for this video I'm now getting and understanding it well. Great job! I hope I can ace our next exam 🤣✌️

[@hakanoner1995]

Fnck this lesson, I hate accounting. I will drop the college !
EDIT: I passed the course with B+ and I'm graduating this year :D

[@user-wj9ih4vj4x]

+Ken Adams do not drop. I am 44 years old, but I learn accounting

[@charleskieti]

+Ken Adams Hey man first you funny, your comments as I where next to you and you say that in front of lecture suddenly laughter comes....but man do not think of dropping keep trying you will become an expertise in transaction!

[@kumaresanthangavel8814]

r u mad if u dont like ok.why u using like these words chee😒

[@tysonking3750]

Good work bro!

[@janetchenelle8945]

😂😂🥳

[@shanegepilano7071]

thank you for sharing your knowledge!

[@debb6456]

Thank you so much, you made it so simple.

[@RC-tu6hx]

Very nicely explained and simplified. Thanks.

[@rajhynez]

Thank you very much, this was truly helpful.

[@ReD-id1pk]

precise examples and explanation...loved it! 😊

[@unad5]

@5:21 "Within assets, the two accounts affected are cash and laptop accounts." Was it supposed to be cash and equipments? Anyway, such an awesome tutorial! This definitely gave a better explanation compared to my teacher... lol
EDIT: nvm my question I realized it's indeed laptop accounts based from the rest of the video.

[@maniamts3342]

Well presented ! Appreciation to the author!

[@sureshmu4101]

Really very useful video. And I am expecting more.Thank you.

[@TNHusband]

Your way of explaining is very clear I subscribed

[@lakshrao5472]

amazing video, really helpful.Thankyou so very much....

[@motumahaile4548]

How nicely you explained. God bless you!!

[@NevaehBeatez]

How do you handle equity when you're doing personal finances? Would income from working be considered income in your journal or equity?

[@dyasmeilani7746]

thankyou so much for the explanation!

[@gatluakhothpajok8161]

thanks you very much for your interesting lesson that you have given to us please give another one !!!!!!!!!!!!

[@samang127]

Very clear explanation. Thanks alot.

[@JayJman1000]

very, very well done video, thank you!!

[@AnuragMehta]

Excellent presentation. Thankyou. Where can we find the document 'case studies' as mentioned in the video?

[@vyshnavakumar2553]

Perfect explanation.. Thank you

[@sammia1271]

thanks for the video. can you please give an example where expenses/losses credit

[@yohannatong4305]

This is great, thanks for that ma'am :)

[@IDentity.custom.printing]

Well-done. GOD bless you

[@ammarhafeez9240]

Thank you for this Great Job

[@umairrehman3369]

Extremely well explained! Would be even nicer if u included more examples and not only 2. Nevertheless ammazing!

[@manoj.advani]

The is the best way that you are teaching us...

[@mirhamza1928]

One of the best video
This video is help me to much

[@linde_learn3892]

This is very good. Thanks. Helped a lot

[@abdikadiradenwantahab]

Thanks u help me a lot to understand this topic

[@yeshna8181]

am in love with ur explanationawesome

[@skeiltte]

Sorry to be off topic here but is it just me or does she really sound like Deepika Padukone? =P

[@khuramchaudhri2048]

absolutely

[@huyle-vy5nl]

Zehra 7
Ce-

[@542pixie1]

Amit A maybe she is Deepika :o

[@imaanparkerr]

Yes 👍🏻

[@raksvideos5341]

agree with you Amit A

[@abdulrehman-kz6qt]

from where we can get document case study with solution for complete set of T- accounts

[@clairewachira7305]

I liked the way you are teaching keep it up

[@ramshiva4092]

Thank U for sharing Ur knowledge........ please give some more example where expenses credit and Income debit.........

[@gmygmy3424]

thanks vvv good explain its clear and easy thanks vv much for your effort

[@tafichiwanza6456]

Thank you so so much... You and this video are a life saver

[@mohammadshahab387]

Tafi Chiwanza juju

[@MrAzamsamad]

Thanks for a very nice explaination, please also tell us about Real, Nominal and Personal accounts. Thanks

[@TheSnickers31]

Thank you, this was very helpful.

[@trifio5242]

amazing video and a lovely voice - thank you))

[@middleclasspeople8898]

we watched your all videos super and we shared with our friends & relatives.

[@shaakiraxmed1578]

thanks 100 percent, accounting is daily life uses

[@alexclassesDewas]

Nice explanation. Thank you.

[@davart311]

hi !
when you mention accounts do you mean bank accounts ?

[@saadyahmed9718]

thank you for teaching seriously

[@josefinschwartz8309]

extremely good explanation!!!!!!

[@_ericaeleazar]

You're 10000000000000x better than my teacher

[@tjitemisajudika3513]

wooow thanx was very hepfull,, well explained

[@willimenapotter6120]

U r very professional, n made 8 understanding n very simple. But how can I go further?

[@EnglishCareerCoach]

This is so awesome! Thanks so much! :):)

[@tlacie99]

Wow great explanation of this!! 😊😊😊

[@suzannedaigler9293]

where do you find the case study solutions?

[@melodyvalenciano7996]

Her explanation is more understandable than my teacher. Lol

[@artemis1306]

Same 🤣

[@Holyghostpower.]

Ofcourse i understand her moreee

[@YusufSpl]

very logical,clear and brief....:)

[@mayasinan4638]

Great video thank you so much

[@aswartnaidu2324]

very usefull to beginers of accounts students.....

[@barlettamanicure2676]

mind blowing information .

[@tomsherpa3964]

Well this is well short video with much knowledge....but what about three accounts for ledger ; real account , personal account and nominal accounts?? Please post some videos related to translation of journals to ledgers.....thank you teacher.

[@akshaysonkar5587]

Thank you for this video ❤️

[@umerriaz3817]

I understood your video and thank you but can you or someone answers my questions about debit and credit.
Can you answer my 2 questions simply because I am a beginner? First, what is the correct meaning of debit and credit for this T account context? Secondly what is the theory behind this when you’re deciding what goes where when an account increases or decrees. For example increase in asset, account will debit and for the rest account.

[@harundaddy]

can you please explain to me how purchase of a laptop is not an expense? wouldn't it be classified as "other expense" after the gross profit sales - cost of goods sold ?

[@MusicalTouchIRavi]

Laptop is the Fixed asset and Asset always debited so .

[@harundaddy]

Ravi Musical Touch yes it would be in the balance sheet but isn't it am expense since you paid for it ?

[@MusicalTouchIRavi]

Habar Yahuud - Purchasing Laptop is the Capital Expenditure . It is not a Revenue expenditure. All capital expenditure are entried in Balance sheet only. And all revenue expenditures are entried in P&L only.

[@MusicalTouchIRavi]

You are purchasing Laptop means either u will use it for office use or personal use. If for office use it mean capitalised and this is capital nature expense so will show in BS.
If U are purchasing laptop for personal use. then this will be ur drawing. which will reduce ur capital. And 1 most important thing that if u r purchasing laptop then it never can be a revenue nature expense.

[@shamimshaik8382]

just bumped ...held up due to voice ,,so soothing ...similar to Deepika padukone ...

[@brookemccullough7771]

This is SO helpful! Thank you!

[@sophiamason101]

Thank You So Much! !!

[@ishow252]

i also understood your video and thank you bot i want to know neatly what is debit and credit

[@sunnyshah1624]

Up

[@g-aiming5486]

well accounting is tooo hard for me :( i watched it for 1 hr than i understand something. but nice work @financetrain

[@merhawithagos4895]

Very help full thank you so much