How to know when to debit or credit a transaction

How to know when to debit or credit a transaction when making a journal.

[@akirashin4204]

understood this better than other 10 mins videos😂

[@noahtetreault3859]

Contra accounts: allow us to introduce ourselves 😅

[@rww4624]

Thank you soooo much for this!! I could hug you lol. I have watched so many videos trying to figure this out, now in a few seconds it all makes sense! I definitely subscribed!! :-)
Looking forward to seeing more from you.

[@missaccounting]

I am so happy that you found the videos helpful!

[@LewsTherin100]

"Drawings" really threw me when you first wrote it, but good job giving more detail

[@maaz_editz]

Thanks a lot! This helped me as I was searching a lot for something like this!❤

[@TameeraAli]

Thank you so much!!!❤❤❤

[@uhmreolol8800]

hi ma'am please can you do a video on credit purchases on the accounting equation (grade 9)

[@user-sb5sf8gp8x]

Wow so educative

[@marendagreen7636]

Thank you so much 🙏🙏

[@SphesihleMoyo]

Thx much easier ❤❤🎉

[@CharityMaseko-tg3uo]

Need more emphasizes on credit purchases or more explanation on how to post them to the general ledger

[@Fluffyycookiee]

Hey ! I didn't get how to reverse the rule when it's decrease??

[@itx_Xero]

Thank you so much 🙏...love the music btw

[@missaccounting]

You’re welcome 😊

[@aymanbasheer5114]

Dealer
Drawing. | Liability
Expense. | Equity ( capital )
Asset | Revenue ( Income )

[@virateditz1857]

Good🎉

[@user-ty7hk3gx8r]

CLEAR (CAPITAL LIABILITY EXPENSES ASSETS REVENUE) IF CLR(Capital, liability, Revenue) INCREASE THEN CREDIT AND IF DECREASE THEN DEBIT. ANR IF EA (EXPENSES,ASSET ) INCREASE THEN DEBIT AND IF DECREASE THEN CREDIT ❤

[@alphhood2165]

Thanks

[@KalpanaRai-vi2eq]

It is reverse credit is debit and debit is credit

[@hachirama793]

What about cash

[@shernalin4322]

it's really helpful to me😂❤ thanks 🙏

[@missaccounting]

You're welcome 😊

[@bhavyab138]

How to find opening petty cash...while they gave closing petty cash ??...plz teach me mam

[@elenalacruelevil5645]

The music doesn’t help

[@missaccounting]

Apologies

[@N8trgirl]

Music with lyrics is very distracting

[@shoku9147]

why is income in credit and expenses in debit?

[@biancabaysac5643]

what music is this?

[@nirmalac4723]

Credit income liability equity

[@JEFFMAJO]

song??

[@abirdas2842]

I thought Drawings are assets.

[@cheryl5667]

Maybe I don't know enough about accounting yet, but I still find I'm not getting when to debit and credit - like which means what. For example, if my farm pays workers, would I debit payable wages because that's an expense and then credit Liabilities because that's a cost? and then that would be reflected on the balance sheet? Thanks in advance!

[@missaccounting]

Debit and credit are accounting rules put in place. Debit all assets when you acquire more, Credit them when they diminish. So if I pay farm workers, I pay them with 1. Money (cr as my assets diminish) 2. Reason for money diminishing is the fact that I pay wages (expense) so I debit, as when I incurr expenses I have to debit. Hope this helps contact me at [e-mail] for private 1 on 1 tutoring

[@cheryl5667]

@@missaccounting God bless you, thank you! I think it helps a lot! I may reach out for tutoring actually. That's awesome that that's there.

[@matthewhebron4599]

I thought this was common sense but this video had me questioning. Debit is money leaving your account hence debit card. Credit is money coming into your account hence credit card. Credit cards are called credit cards because they are credited to you to utilize by your credit lender. This video overcomplicates common sense…

[@missaccounting]

This video has nothing to do with credit cards, but with the double entry principle in Accounting. This video is for those who want to know how to prepare journals.

[@ravichoudhary5156]

Piche gaane kyu lgaa diye....piche aawaj hi samaj nai aa rhi

[@7Smileys7Favzz7]

Do you have one on one sessions? I need a tutor so bad! It’s like I get it and then I get lost😩

[@missaccounting]

Yes i do one on one sessions, send me an email at [e-mail]

[@rekhachourasia6888]

Debit
Receiver
Comes in
Expenses
Credit
Giver
Goes out
Income

[@jillpatel-je3jt]

Why is income in credit

[@chandu_bro]

Debit all expenses and losses credit all income and gains

[@collegephysics3071]

Song irritating me

[@missaccounting]

😂😂 Im sorry, I added it for some spice

[@collegephysics3071]

@@missaccounting i appreciate your work ma'am,thanks

[@WHODISPRODUCTIONS]

@@missaccounting I like it, what’s the song?

[@ayomideayoola3522]

Question: let’s say my expense account is increasing with purchases (in a periodic inv), would debiting Purchase be + or - ??
I’m struggling 😫

[@missaccounting]

Hey dear, in this case for purchases you would dr purchases account and cr your expenses. It would be a +

[@4ILEK.]

For example 69 😉

[@andreadias8138]

The music is annoying

[@missaccounting]

okay

[@jayceron150]

Thanks

[@missaccounting]

No problem

[@user-pv6ub9bu3y]

Thanks

[@missaccounting]

Welcome