Accountancy Golden Rules of Debit and Credit for Journal Entry 🔥

These rules serve as a foundation for double-entry bookkeeping, ensuring that every transaction is recorded accurately and maintains the balance in the accounting equation.
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[@prateek_sahu1970]

00:02 Understanding the rules of debit and credit for journal entry
02:19 Understanding Capital and Revenue Expenditure
07:27 Decree determines debit or credit in accounting.
10:22 Assets are resources with future benefits.
15:15 Learning about the format and application of debit and credit entries in accounting.
17:33 Understanding credit transactions in journal entry
21:35 Understanding the concept of Obligation to Pay
23:58 Understanding the concept of salary payment in accounting
27:43 Cash is an asset, and expenses decrease it
30:04 Understanding Debit and Credit in Journal Entries
34:21 Understanding the concept of capital and cash in accounting.
36:35 Taking a loan increases liability and cash is considered an asset.
40:22 Debit assets, credit revenue, understand the importance of knowledge application.
42:32 Spread smiles for a positive impact

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