Thank you so much for this video! I wish I would have found this about 3 weeks ago, but I'm here now! Not an accounting major but am almost finished with my BS-Business Administration/Management
Thank you for your clear and precise instruction. I love it when instructors are straight to the point. You made it easy to understand and follow. Thanks
Wherever its payable, those are current liabilities, they should be paid within a period of one year, so don't get it like where there's payable, its credit, but instead, get it in a manner that where there's payable, those are liabilities hence liabilities go on the credit side
-- Current Assets-- -cash in hand -cash at bank -accounts Receivable / debtors -petty cash advance/imprest -stock/inventory -income due -expenses prepaid --Fixed Assets-- -Land -Building -Furniture -plants and machinery -equipment -motor vehicles -fixtures -fittings
Coz assets, expense, drawings and a/c receivable will be debited and liability, owners equity, revenue,contra a/c will be credited..in the situation of increasing of amount.
-- Current Assets-- -cash in hand -cash at bank -accounts Receivable / debtors -petty cash advance/imprest -stock/inventory -income due -expenses prepaid -Fixed Assets- -Land -Building -Furniture -plants and machinery -equipment -motor vehicles -fixtures -fittings
Před 5 lety+9
last video i saw expenses were under credit, here they are debit. accounting makes no sense!
I think DEAD CLIC is better. DEAD= D-Debit E-expense A-asset D-drawings CLIC= C-credit L-liability I-income C-capital This way you already know what is debited and credited by the first letter of each acronym.
It's been over 5 years since you've made this video and it has helped me prepare for my exam. Thank you!!
What grade are you in
@david me too
Thank you so much for this video! I wish I would have found this about 3 weeks ago, but I'm here now! Not an accounting major but am almost finished with my BS-Business Administration/Management
Thank you for your clear and precise instruction. I love it when instructors are straight to the point. You made it easy to understand and follow. Thanks
You're a life saver carry on helping us comprehend accounts
I literally have a test tomorrow for PoA and this really helps alot omg thanks you for this video!! And thank you for helping me understand
This video does no beating around the bush and explains very clearly. Thanksss a lot
Thank you! Great video, it was simple and easy to understand.
thank you so much for helping me i have an accounting exam in 3 days and i hardly understand anything lol
only thing i can say is that i understand now because of you 👍
Thank you. I really enjoyed that video it helped me a lot and I understand the trial balance a lot more now.
I'm approaching my final exams and this is really helping me🙏🙏
how to prepare trial balance after balancing off t accounts
Wherever its payable its Credit
Thank you soo much
And purchase return as well
Wherever its payable, those are current liabilities, they should be paid within a period of one year, so don't get it like where there's payable, its credit, but instead, get it in a manner that where there's payable, those are liabilities hence liabilities go on the credit side
thanks you save me on this grade 10 course in accounting
Thank you so much it helped me in my exam 😭😭😭
its 2020 and I'm having my exam in the next few days, this helped a lot omg thanks!
you saved my life 🙏
very helpful, thanks!
Form this video it's easy to understand trail balance....but voice is low....tq!!
Great help. Thanks for sharing. Permission to share this also.
how about cash in hand is it debit?
U saved my life
This was unbelievably helpful. Thanks so much!
wish i'd found you earlier. have to re-sit for my paper.. again.. probably.. since im definitely failing this re-sit. hope you make more vids!
Me too preparing for a supply exaam
Chheers ☺️
Why did you start witch cash and then moved all the way to the bottom of accounts receivable
what about discounts allowed or receved
discount received is on credit side, discount allowed is on debit side as u can see it as an expense
how do you know if which 1 is debit and which 1 is credit?
-- Current Assets--
-cash in hand
-cash at bank
-accounts Receivable / debtors
-petty cash advance/imprest
-stock/inventory
-income due
-expenses prepaid
--Fixed Assets--
-Land
-Building
-Furniture
-plants and machinery
-equipment
-motor vehicles
-fixtures
-fittings
Exactly
Coz assets, expense, drawings and a/c receivable will be debited and liability, owners equity, revenue,contra a/c will be credited..in the situation of increasing of amount.
Could anyone help? Is it A?
help i dont have notes payable, salaries and wages payable, service revenue and salaries & wages revenue on mine. (L. Patel unit 2 TVO ILC baf3m)
Thank you
Guy good job
Thankyou so much
Thank you so much
so good
Omg dude u SAVE my life
Thanks a lot
Great
Owners capital is liability, can u explain please
Why is it that supplier having a debit balance intends of credit sir I need an explanation
supplies are an asset because you own it
Thanks
Here I am after my midterms wondering what my friends meant by balancing the trial balance. Oh shit
And what about stock??
You leave closing stock out of it but you can put opening stock in the trial balance
-- Current Assets--
-cash in hand
-cash at bank
-accounts Receivable / debtors
-petty cash advance/imprest
-stock/inventory
-income due
-expenses prepaid
-Fixed Assets-
-Land
-Building
-Furniture
-plants and machinery
-equipment
-motor vehicles
-fixtures
-fittings
last video i saw expenses were under credit, here they are debit. accounting makes no sense!
100k YaYa it make sense. The total at the end lest you know that there is no cheating goin on
Where is revenue?
Hello
DEALER
D-drawings
E- expense
A- assets
Increase= debited
Decrease= credited
L- Liabilities
E- Equity
R- Revenues
Increase- Credited
Decrease- Debited
I think DEAD CLIC is better.
DEAD=
D-Debit
E-expense
A-asset
D-drawings
CLIC=
C-credit
L-liability
I-income
C-capital
This way you already know what is debited and credited by the first letter of each acronym.
This is unrelated but AAARRRMMYYYYY
@@muhammadlee- dude idk who you are but i literally love you thnk you so much may God bless you
If this doesn't help I'm done with accounts-
Well what happened?
theis video very delicious
😂 bad guy they drink garri