This is a tedious concept to get, but practice makes it easier. I appreciate your emphasis on being meticulous about HOW the journal entry should be created and that every entry must have a double entry. The connotation behind the word "debit" makes it difficult to remember that debits make assets increase.
Really useful refresher. My first year of college I had accounting but I was a computer major. I didn't think I was going to go into business so I threw away all my handouts for 101. This is really useful to help refresh my memory of 101 since I have to get the foundations rock solid since I want to major in accounting.
OMG thank GOD for you tube... I haven't took accounting in years and this is a great refresher... I can't replay it over and over til it is stuck in my head. (wiping forehead) My G.P.A. is saved lol...
Anyone who wants to be a member of a professional body will need to understand this. At school we learn things we will never use again but this you will use daily.
1. personnel accoumt:- debit the receiver and credit the giver, 2. real account:- debit what comes in and credit what goes out. 3. nominal account:- debit all expenses and losses and credit all gains and incomes
hi is any way you can help with these 3 problems please?1. paid 1600 for a 4-month insurance policy starting on may 12. revenues earned during the month included 16500 cash and 2800 on account3. the business received 1140 for auto screening services to be performed next month
This is a tedious concept to get, but practice makes it easier. I appreciate your emphasis on being meticulous about HOW the journal entry should be created and that every entry must have a double entry. The connotation behind the word "debit" makes it difficult to remember that debits make assets increase.
Really useful refresher. My first year of college I had accounting but I was a computer major. I didn't think I was going to go into business so I threw away all my handouts for 101. This is really useful to help refresh my memory of 101 since I have to get the foundations rock solid since I want to major in accounting.
OMG thank GOD for you tube... I haven't took accounting in years and this is a great refresher... I can't replay it over and over til it is stuck in my head.
(wiping forehead) My G.P.A. is saved lol...
Am very glad to prefabricate my school knowledge.
You are a life saver! Thank you so much!
thank you!
Greetings from the Netherlands
Anyone who wants to be a member of a professional body will need to understand this. At school we learn things we will never use again but this you will use daily.
Extremely informative, cheers man!
Excellent point in one must be familiar with the general accounting equation before creating journal entries.
very well explained
wow I just learned something that I have missed out of school
I like the way was presented
Thank you soooo much sir
Thanks habibi
That's really helpful
the best sir :)
1. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes
👍🏼
nice :)
Hi is talented in Accounting
Oct 2nd, 3rd entry; Why is it going to cash and not accounts receivable? And what would happen if the customer (R.Knox) pays?
Because he already gave the money to you and you just have to earn it or else you have to give it back, so you already have the cash on hand.
I love you haha :D
hi is any way you can help with these 3 problems please?1. paid 1600 for a 4-month insurance policy starting on may 12. revenues earned during the month included 16500 cash and 2800 on account3. the business received 1140 for auto screening services to be performed next month
Sandra Hibbert-Ridley i want to learn in this accounting about how to be make a journal entry . because someday i want to be a accountant
nominal account mean........plz??????\
I understand it much beter that just reading the book.
please do Accounting Principle II video
WHY THE HELL ARE THERE LITTLE KIDS TRYING TO LEARN JOURNAL ENTRIES!?