5 Debit and Credit Practice Questions & Solutions

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5 Debit and Credit Practice Questions & Solutions

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Күн бұрын

🆓Debits and Credits Free Quiz → accountingstuf...
💥Debits and Credits Cheat Sheet → accountingstuf...
🖊Debits and Credits Practice Questions → accountingstuf...
Accounting Basics Lesson 10. Join me in this episode of Accounting Basics for Beginners as we work through Five Debit Credit examples and solutions.
This episode of Accounting Stuff is a supplement to Accounting Basics for Beginners Lesson 2 - "Debits and Credits Easy Explanation" → • ACCOUNTING BASICS: Deb...
In this video, you can get in your Debit Credit practice by putting the skills you have learned to the test. Practice Questions have long been my favourite way to wrap my head around a topic, so I have put together 5 debit credit questions and solutions for us to work through together.
I'll show you how to solve these Debit Credit practice problems using "DEALER" which is a super handy way to remember the normal Debit and Credit accounts.
You can use this Debit Credit test to help reinforce your understanding of this topic which many people, understandably, tend to struggle with when introduced to Accounting. These five Debit Credit questions will make Accounting seem like a walk in the park. Don't forget to watch the video until the end because these Debit Credit examples get progressively more difficult!
🔴Subscribe for more Accounting Tutorials → geni.us/subtot...
⏱️TIMESTAMPS
00:00 - Intro
00:17 - Debit and Credit Practice Questions
01:06 - Question 1
02:17 - Question 2
03:07 - Question 3
03:47 - Question 4
04:50 - Question 5
🔎FAQ
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#accounting #accountingbasics #accountingstuff

Пікірлер: 1 000

@AccountingStuff 5 жыл бұрын

Apologies for the terrible handwriting! How did you find these practice questions? Would you like me to do more covering other areas? 🔗USEFUL LINKS ▪Debits and Credits Free Quiz → accountingstuff.com/blog/debits-credits-quiz ▪Debits and Credits Cheat Sheet → accountingstuff.com/shop/debits-credits-cheat-sheet ▪Debits and Credits Practice Questions → accountingstuff.com/practice-questions/debit-credit-question-pack-1 ⏱TIMESTAMPS 00:00 - Intro 00:17 - Debit and Credit Practice Questions 01:06 - Question 1 02:17 - Question 2 03:07 - Question 3 03:47 - Question 4 04:50 - Question 5

@rayhan321 5 жыл бұрын

Can you post another with some new questions. you have likes and a follow from me, definately the most enjoyable out of all the boring videos i've found

@mustafajamal4205 5 жыл бұрын

I dont understand what owner equity is! what is that please?

@souphieparker3524 5 жыл бұрын

words can not comprehend how much benefit you're offering. Appreciate >.

@sansuitv896 5 жыл бұрын

forget handwriting, the video is really amazing

@rebeka.h93 5 жыл бұрын

It's fine

@sudipachakravarty2332 5 жыл бұрын

Man, how I wish you were my Accounting teacher...

@AccountingStuff 5 жыл бұрын

Haha, thanks Sudipa!

@glamgirlsclub7605 4 жыл бұрын

Same sis

@lauramunoz5263 4 жыл бұрын

Same here😂😅

@meganataliapacheco 4 жыл бұрын

Me too!

@JomariLopez 4 жыл бұрын

IM DEAD HAHAAHAHAHAH FR THO

@Sheikhmuzaffar3 5 жыл бұрын

Hey I know u don't get ..Views but don't worry ..Plz and plz never delete these videos .. they will give u profit in future .. it's my gurantee .. u r great love u

@AccountingStuff 5 жыл бұрын

Hey mate, I'm glad you find these videos useful! Thanks for your support 🙂

@lawtonjacinto3093 4 жыл бұрын

I'm gonna support this guy if I become an accountant 😂 3yrs from now lol

@mohamedsbh9072 3 жыл бұрын

We are in 2021 And he has now 220K subscribed Personally . I support the useful contents

@ADISTIDWINIRWANA- 11 ай бұрын

And here we go, 271k views now. I'm a new accounting student and ur video is so helpful, thanks James✨

@ActiveInsight. 5 ай бұрын

did you end up becoming an accountant?@@lawtonjacinto3093

@joannamilligan689 5 жыл бұрын

James, this allowed my brain to process everything logically, practically and in real time! Please upload more like this! By the way, all of your videos are great. I keep watching them over and over again. Thanks for all your hard work.

@AccountingStuff 5 жыл бұрын

Hey Joanna, great to hear you are finding this useful! Sure, I can make loads more like this. Cheers for the support, all the best!

@Rocksteddybelmont 5 жыл бұрын

Same

@hoangkieu204 3 жыл бұрын

Guys, even my accounting teacher does watch this series so I highly recommend you guys this channel :)

@yaqoubalshatti205 3 жыл бұрын

Yup. Good teaching is so critical yet so scarce as a skill.

@Edwardozo 4 жыл бұрын

I have been struggling for like 2.5 months doing accounting for the first time. I wanted to take it as an elective (i am a pure science bio/chem major) in college and I tell you. This guy is a lifesaver. After following the beginner's accounting playlist on your home page, I can logically track and understand what is happening. Thank you so much. I'm on the verge of crying tears of joy because the structure of your teaching this topic is perfect. And this is the first time I did accounting exercises and finally got all of them right. Thank you so much.

@AccountingStuff 4 жыл бұрын

Sorry that you've been having a hard time with accounting. It sounds like it's starting to click which is great news! All the best

@alexruffels3439 Жыл бұрын

@@AccountingStuff same with me. I'm studying an accounting masters and now only properly understand thanks to your video. Thank you!

@amrloay3593 5 жыл бұрын

U should make more practical question videos like this one

@AccountingStuff 5 жыл бұрын

Hey Amr, cheers for your suggestion. I will bear that in mind!

@jessmardanielbose9317 4 жыл бұрын

Man, you’re making accounting easier to understand especially for us, beginners. Continue making videos bro God bless 🙂

@AccountingStuff 4 жыл бұрын

No worries Jess, I'm happy to help

@VRwithJasmine 5 жыл бұрын

Could you do practice problems with journal entires? Also stuff on bad debt expense

@AccountingStuff 5 жыл бұрын

Cheers Jasmine! Yes it's about time I do some more videos on practice problems. Thanks for your suggestions!

@shapebyshana324 3 жыл бұрын

you are literally my ACC 101 professor for this semester

@brittanyfenerty7849 2 жыл бұрын

Me too in my Accounting Class! I wouldn't be passing without James!

@brendanwoodcock Жыл бұрын

I am in an mba accounting class and I wish my professor were capable of teaching content in this manner. So effective for my understanding - you take it step by step slowly. Brilliant. Went from drowning in the content to understanding it well, in like 1/10th of the time I had previously spent. Sharing this far and wide. Thank you

@marcsego2726 2 ай бұрын

Just a small business owner trying to wrap my head around the accounting side of things so I can be more involved with the numbers of my business and not solely rely on paying an accountant. Starting to get my head wrapped around this. Thank you so much for your video!!!

@AccountingStuff 2 ай бұрын

No problem, great to hear it's clicking for you

@VanessaDeniseAguilar Жыл бұрын

I'm taking a bookkeeping course recently, can't even understand a bunch of info my instructor is teaching. You summarized the terms and explained them in a perfectly digestible manner. You earned a subscriber here! Thank you so much :)

@AccountingStuff Жыл бұрын

Great to have you on board!

@anhdinhthiminh4602 5 жыл бұрын

Amazing video, all the knowledge that I need to learn in 2 hours in class is included in 3 videos

@AccountingStuff 5 жыл бұрын

Thanks Minh! Glad to hear that you're finding these useful!

@daisywong1909 Жыл бұрын

I dropped accounting back in A-Levels as my teacher back then couldn't explain the concepts clearly. Your videos are probably one of the most useful ones that I could find on KZfaq (and they are intuitive!). Now that I'm planning to have my own business, I have to pick up accounting again. Your videos definitely have given me more confidence and interests in accounting. Please keep making more videos!

@erikagaspar4016 4 жыл бұрын

I've had the hardest time understanding debits and credits, but working through these exercises with you is starting to clear things up. Thank you!

@AccountingStuff 4 жыл бұрын

No worries Erika, hope it's making sense for you

@nunyaland 5 жыл бұрын

I absolutely love love love your videos. Please dont stop!! Your production value and the way you explain things are done really well

@AccountingStuff 5 жыл бұрын

Cheers Danny, I don't plan on stopping any time soon!

@jaypatel6998 Жыл бұрын

We need more of the quiz like this. You can make quiz and give small gifts to who answers more accurately by keeping us engaging. Great brain processing activity.

@nicholasdepaola3740 3 жыл бұрын

You are a gods gift to budding accountants! You will never know how much you mean to us!

@Fahadh_Feroze 10 ай бұрын

Man! I wish you're my Accounting Teacher. Every single lesson you give is extremely Understandable to any kind of accounting Beginner. Hope you upload more useful content in the Future❤

@AccountingStuff 10 ай бұрын

Thanks, I'm working on more content as we speak :)

@aakashraj713 4 жыл бұрын

James, I wants you to be my accounts teacher dear and you eventually taught me that Accounting has to be done logically like Mathematics.I love you my teacher and Thank you

@AccountingStuff 4 жыл бұрын

No worries Aakash, I'm happy to help!

@TingBie 4 жыл бұрын

These questions are well-constructed, providing scaffolding and reinforcement for learners. Thanks, James!

@AccountingStuff 4 жыл бұрын

Cheers Ting :)

@parmoksha Ай бұрын

I am Engineer. Done Bachelor and Master in Engineering Want to start small business / company of own. Therefore learning basics of accounting / economics / Taxation / Finance. Your videos make complicated concepts of accounting really simple to understand Thank You. I have watch 10 out of 57 videos till now. will complete this playlist soon.

@AccountingStuff Ай бұрын

Great to hear you're finding them useful :)

@kimgodlewski6606 Жыл бұрын

Im in a Fundamentals of Accounting online course right now, and the resources given have just done nothing to help me wrap my mind around these concepts. Because I'm used to my bank account being credited when I add money and debited when I use money...I don't know...I just simply have everything backward in my mind. But slowly over watching your videos I have begun to make some order of it and this video went a LONG way in that direction for me. Walking through example questions and explaining the thought process is exactly what I needed. Thank you!!!

@AccountingStuff Жыл бұрын

You've got this!

@madisonsailor7225 4 жыл бұрын

This video as helped me so much! I am in college taking my first accounting class and tomorrow we have our first exam. Before watching this video I didn't know anything. However, after watching just 7 videos @accountingstuff I have learned more in 30 minutes then attending 3 weeks of class. Thank you so much

@AccountingStuff 4 жыл бұрын

Hey Madison, good luck in your exam!!

@stann6280 4 жыл бұрын

you're really good at teaching, love the vid

@AccountingStuff 4 жыл бұрын

Thanks!!

@abdulazizalfaifi7228 4 жыл бұрын

James, I walked out of UMKC Fall19 with a Finance degree NOT getting an A in a single accounting test, I wish you had uploaded these vidoes back in 2017. YOU ARE A HERO!

@AccountingStuff 4 жыл бұрын

Sorry to hear you had a rough time with accounting. All the best!

@kaidestinyz 5 жыл бұрын

Damn, you're the first person who can explain things this clearly. The teachers I had in university did such a poor job, I was told to memorize without any understanding which I just couldn't do. I could see you put tons of efforts in your videos, it's always so clear and crisp in the way you present and deliver, truly amazing.

@AccountingStuff 5 жыл бұрын

Thanks Kai, I'm really happy to hear that you're finding the videos helpful!

@rogeliomoisescastaneda7396 3 жыл бұрын

Very helpful exercises! An equivalent way I found to get the solutions is to recall crediting an account always means extracting money (value) from it, and debiting always means putting money in it, regardless of the type of account. For example, in exercise "The carwash pays a supplier $200 in cash. Which account is debited?" it can be translated to "[...]. Which account is receiving money?", and this is clearly accounts payable; whether the account increases or decreases with the debit is an independent story (of course checking that helps to reason the situation wholly).

@MyCheeseHurts 3 жыл бұрын

You're videos are amazing. I got them all correct. And I'm under 15 so I'm hoping this thing will be easy

@AccountingStuff 3 жыл бұрын

Nice one!

@nitinmohane961 2 жыл бұрын

I'm an ERP guy and I bow down to you bro..I came for COGS and stayed for whole lists..

@crimcat9753 2 жыл бұрын

I've never done any official accounting and just my own here and their and after you explained the DEALER along with Double Entry Bookingkeeping everything clicked. Thank you so much for your videos as it has been an enormous boon for my life.

@vinonawang7144 5 жыл бұрын

loads of thanks James! i just started my accounting lecture this year and couldnt find a clue, then i found your channel and suddenly accounting seems so much easier for me. keep it up!!!

@AccountingStuff 5 жыл бұрын

No problem Vinona! I'm glad you are finding these videos useful. Thanks and all the best!

@gainsjames9345 4 жыл бұрын

I wonder why some would give thumbs down on something that will enlight their ignorance 🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️ some people

@blacksho636 Жыл бұрын

i was scrolling across youtube to see if any videos could help me understand Debits and Credits. still fuzzy, but i understand alot more now. thank you!😀

@leesa01bringas Жыл бұрын

I watched most of your videos in preparation for an intro accounting credit as part of my current job/position. Your teaching and videos helped me substantially learn accounting principles in a short period of time. I passed my test! Thank you so much and I will continue watching and recommend your channels to others.

@AccountingStuff Жыл бұрын

Glad to help!

@melissa9882 4 жыл бұрын

I'm a Controller with an MBA in finance and I find these videos so helpful and refreshing. In the workplace I get so caught up with indepth problems that I use these to get back to basics. Thank you so much!! I could have saved so mitch frustration in school from my terrible professors if i had discovered these sooner. Keep it up! ❤️

@AccountingStuff 4 жыл бұрын

Thanks Melissa, yes it's so easy to get bogged down in the routine tasks and forget how things work on a fundamental level. Great to hear you're finding these vids useful. All the best!

@angelstarfire 2 жыл бұрын

4:22 Wow I need to remember this, you explained it so clearly!

@AccountingStuff 2 жыл бұрын

No problem!

@raeosunxine 5 жыл бұрын

I am taking financial accounting for the 4th time in grad school. I had to take it 3x (withdrew once). I can actually understand the class now because of your videos. Thank you so much.

@AccountingStuff 5 жыл бұрын

Hey Shannon, sorry to hear that you've been having a hard time with financial accounting, but it's great to hear that things are making more sense this time round! Good luck!!

@gregcohane1095 Жыл бұрын

Very helpful. I’ve taken numerous classes/courses up to and including accounting for my MBA. I always always struggle with math. My father used to beat me because he had an accountant’s mind. I went on to become a doctor (retired now) because the profession required no math excellence on my part and I could hire professional accountants for their skills. I’m watching your series to ‘try’ to prove to myself that I can learn with the right guidance and teaching. Many thanks. Lamont C.

@liz3796 2 жыл бұрын

You are an ANGEL! Cannot thank you enough for these videos!

@BMOO69 Жыл бұрын

i need to say this, you're amazing at what you do. You're the only educational channel I find fun to watch, other channels are boring at explaining things but your style is different. It's very informative and fun at the same time. Keep up the good work. Your videos are really helping me out.

@angiearias525 Жыл бұрын

I found this so helpful, thank you so much for taking the time to explain.

@peterdavila3045 2 жыл бұрын

Great videos. Thank you. We're never too old to learn accounting. I may be 66 years old but your instructions make it easy to learn this stuff.

@AccountingStuff 2 жыл бұрын

Good on you!

@sherrypicciano8920 4 жыл бұрын

New student. Joined today. Chose you for my instructor because your method works for me. To better retain the lesson I pause frequently to take notes. Quiz questions at the end of a module help me as well. I look forward to becoming competent enough to reconcile insurances for a company I am currently only competent enough to perform bank and cc reconciliations for. We predominantly use Sage 100 Contractor and occasionally QuickBooks. They attempted to teach me how to reconcile the insurances, but having no background or formal training I just didn't quite get it and therefore my JEs were never quite right. We all gave up and my hours dwindled. I need the hours back, so here I am. Cheers.

@AccountingStuff 4 жыл бұрын

Hey Sherry, thanks for joining. I appreciate your support! Hope you find the videos helpful

@JamesTruong 4 жыл бұрын

Hey I been watching your videos for like an hour now. Super super awesome! Love the simplicity and visual makes it easy to understand. Thanks a lot and keep up the good work! 🔥🔥🔥

@AccountingStuff 4 жыл бұрын

Thanks James, hope they are helping!

@edmondeyeemceeezekiels9158 10 ай бұрын

You helped me a lot mate. I scored a whopping 87% of 100. That’s 25 questions correct out of 30. I wanna be like you some day. Changing the world but by bit!!! Your moving at a very fast pace though as you have the full knowledge and equipment much as the motives. I’m almost there. But I’m not gonna be focusing on business or accounting in particular. I’m into survival and business is one aspect of my current practice. I’m as well a student so I have a lot on my hands hence why I resorted to searching for detailed help on KZfaq. Cheers mate!

@AccountingStuff 10 ай бұрын

Congrats, you aced it!!!

@francesdobbins2964 25 күн бұрын

I thought these practice questions were challenging. With help from your videos, I'm starting to understand Accounting principles. My mother would be proud of me. She was a CPA!😂

@AccountingStuff 25 күн бұрын

Great to hear it's clicking for you :)

@christianejikeomeje3145 4 жыл бұрын

I am a software developer who is a novice in accounting and desire to integrate accounting in my app, having gone through other videos, i must confess that you are the best among all that i have watched, you are a great teacher, you made my work easier, thumbs up.

@AccountingStuff 4 жыл бұрын

Cheers Christian! Happy to help :)

@sinem3866 4 жыл бұрын

I loved how the music enters.. I didn't quite get the last question because if we credited account receviable which account we did debited? And I think the questions level was just fine. Thank you.

@vivaci1354 Жыл бұрын

By far the most simplified, user-friendly(for a lay person like me!) and interesting video on debit and credit….and I hate this topic and have been avoiding it for years…😅 Thank you, James

@AccountingStuff Жыл бұрын

Glad you found it useful!!

@ryanhollander3004 Ай бұрын

This video was exactly what I needed in order to solidify this concept of debits and credits. Thanks so much!

@AccountingStuff Ай бұрын

Great to hear it's clicking for you :)

@cassandraswanson2886 2 ай бұрын

my professor used this video in my online lecture, it was way mor informative than and understandable than the powerpoint presentation, thanks for you hard work

@AccountingStuff 2 ай бұрын

That's great to hear! Glad you found it useful :)

@Zap-entertainment 2 жыл бұрын

to be honest I have no idea what this guy is talking about but I know that if I keep watching his videos I will eventually understand accounting. its just a matter of time.

@mhmdallawi Жыл бұрын

I got a Job because of your great videos, rock it up and make a new of accounting stuff

@saiyedatasnim4672 3 жыл бұрын

For me these transactions were really easy. I got all 5 of them right. I love this type of video. Thank you so much. Please make more of this & upload. It helps to understand where I have my weaknesses.

@AccountingStuff 3 жыл бұрын

Nice one! Thanks for your request

@rizaal7508 3 жыл бұрын

I just started accounts and honestly this video cleared my doubts better than my lecturer.

@AccountingStuff 3 жыл бұрын

Glad it's making sense!

@christianbirdsall983 4 жыл бұрын

James, We don't care about your handwriting, it's all about content! Your content is so valuable!

@AccountingStuff 4 жыл бұрын

Thanks Christian, glad you enjoyed it

@sanuthabeysekara6179 3 жыл бұрын

You are genuinely better than my accounting lecturer.

@DanielleJade1995 3 жыл бұрын

Could you do some more of these - this is what I am really struggling to get my head around and this has helped so much

@sachabaute3435 4 жыл бұрын

It is really not easy to understand clearly accounting from a textbook, but you are making it so much easier ! Please never stop

@AccountingStuff 4 жыл бұрын

Thanks Sacha, I don't plan on stopping any time soon

@cutsncurves12338 Жыл бұрын

The last two questions are mind boggling thanks man

@Ahmed-uv9hc 3 жыл бұрын

You are a much better teacher in comparison with my actual teachers thank you very much

@AccountingStuff 3 жыл бұрын

Thanks Ahmed!

@GranukeGamingProductions 9 ай бұрын

Thank you for uploading this videos! Much better than textbooks! The explanations are very useful! God is good!

@AccountingStuff 9 ай бұрын

No problem, glad you're finding these useful!

@kiwi_jax 4 ай бұрын

Just started my journey with learning accounting. These videos help me so much! Thank you for explaining them so clearly

@AccountingStuff 4 ай бұрын

Best of luck!

@bananoverlord6962 3 жыл бұрын

I'm getting better at accounting! It's a good thing i discovered this channel.

@AccountingStuff 3 жыл бұрын

Nice one!

@emma-on8hh Ай бұрын

this is the best explanation of credits and debits ive seen so far. thank you so much

@AccountingStuff Ай бұрын

Glad you found it useful!

@lukasmuntingh1525 2 жыл бұрын

You are so better than my Gr.10 accounting teachers.

@chrisclark1761 Жыл бұрын

@1:34 In my mind, a Debit Account is one which is the donor / sending account. a Credit Account is one which is the beneficiary / receiving account. Debitting is the act of removing amounts from an account. Creditting is the act of adding amounts to an account. For example, when a utility company wants payment, they will Debit my bank account. When I am due a refund, they will Credit my bank account.

@franciscos.2301 5 жыл бұрын

After #5 I still wasn't understanding, until you added that last little tidbit about #4 and suddenly everything made sense! Thank you!

@AccountingStuff 5 жыл бұрын

Awesome, glad to hear it's making sense for you!

@chimatasie7854 4 ай бұрын

Man, here I am taking notes and making powerpoint slides for my accounting lecture tomorrow on this topic. Thank you lots

@AccountingStuff 4 ай бұрын

No worries, happy to help :)

@hayatmahamud1099 3 жыл бұрын

too easy I just started learning about accounting and I already get it thanks to you

@AccountingStuff 3 жыл бұрын

Nice one!

@hayatmahamud1099 3 жыл бұрын

@@AccountingStuff thanks james

@rumana5696 3 жыл бұрын

When explaining your expressions are so good it seems you are a great actor too. 😇🔥

@AccountingStuff 3 жыл бұрын

Haha thanks :)

@mbugualucywaithera2325 4 жыл бұрын

Oh boy! Your videos are on fleek. They're so helpful. James you're the best accounts tutor! Add more videos on manufacturing accounts please. Wish I found your channel earlier. Thanks a lot and keep it up. Will definitely have to tell my classmates about it.

@AccountingStuff 4 жыл бұрын

Hey Mbugua! Thanks, it's great to hear that you're finding these useful. Cheers for your suggestion about manufacturing accounts!

@konrad983 4 жыл бұрын

Generally, I'm not an accountant but this was relatively simple. Would be great to see more videos with more different questions when the level of complexity arises. Thanks for all your content

@AccountingStuff 4 жыл бұрын

Cheers for your suggestion Konrad!

@sengsavang6499 4 жыл бұрын

Very clear and easy to understand, thank you very much. Your 6 min video is far better than my class teaching.

@AccountingStuff 4 жыл бұрын

Thanks mate I'm glad to hear it's making sense!

@franciscamonkurai3943 2 жыл бұрын

My first time of listing to your nice go easy way of teaching. May God bless your and us to catch the principle behind your explanations. Thank you so much

@majasmajeed2338 4 жыл бұрын

You are Teacher of accounting of every accounts.( My opinion as a accountant)

@AccountingStuff 4 жыл бұрын

Thanks Majas!

@soulcake76 2 жыл бұрын

I’m preparing for my accounting course and with your videos, I will pass!!! Thank you!

@perrihogan3528 3 жыл бұрын

Oh my god I finally get it.... You don't understand how lost I have been in this area, thank you thank you thank you

@AccountingStuff 3 жыл бұрын

Great to hear its making sense!

@donfrancis1246 4 жыл бұрын

Please make more credit and debit practice questions. It's making accounting more accessible to people like me with no accounting background. Thank you from India!

@AccountingStuff 4 жыл бұрын

Thanks, I'll keep that in mind

@NguyenTuanLongQP Жыл бұрын

Your energy makes this feel like playing a detective game!

@skyeheydenrych4382 3 жыл бұрын

Please make more practical examples we can work through. You have been a huge help, thank you.

@AccountingStuff 3 жыл бұрын

Thanks for your request!

@jessiehoang2175 4 жыл бұрын

you just helped me pass my accounting final omg

@AccountingStuff 4 жыл бұрын

Nice one Jessie, hope it went well!

@emetoaugustina_22 Жыл бұрын

Got 4 outta 5 🎊 The question were not too easy and not too hard at the same time.

@TheChemizzle Жыл бұрын

I assume you skipped the process of debiting accounts receivable after crediting revenue (question 4) in-order to make people actually think about the overall process when you confront them with question 5, well done. Really good instructional example to visualize the process of where money comes from and where it goes.

@organicboxstore 2 жыл бұрын

that D. E. A. L. E. R thing caught me off guard. in a good way! I didn't view it like that before. will definitely share this to a friend. 👌

@TheStarXDusty 3 ай бұрын

Your videos are very useful to me. Helps me understand better. I had trouble with question 3 and 4 and while watching I was wondering why you did not explain on question 4 why it was not Accounts Receivable. But I understood once I watched question 5. On question 3 I didn't understand why it would be accounts payable as in the question there is no mention of the car wash owing the supplier, I can't quite grasp that question.

@alexismorales695 Жыл бұрын

im about to start my first intro to accounting class it starts next week, this is really helping me get prepared and not nervous thank you so much for this!!

@RahulSapuwan 3 жыл бұрын

Yaay!! All my 5 answers are correct. I have a C pass for my advanced level accounting exam. But I have forgotten all the basics accouting stuffs. This accounting basic series is amazing.🔥 Thanks a lot!!

@AccountingStuff 3 жыл бұрын

Well done and congrats on passing your accounting exam!

@Cris-hk4cn 2 жыл бұрын

The presentation was exceptional. Thank it really gave me more clarity.

@rupertbutreally 5 жыл бұрын

My Accounting Exam is tomorrow!!! This whole playlist is useful!! Thank you so much ahhhh

@AccountingStuff 5 жыл бұрын

How did it go??

@ATrain414 4 жыл бұрын

This video helped me understand debits and credits more than any other

@AccountingStuff 4 жыл бұрын

Nice one! I hope it's making sense :)

@nsdeupanthak 5 ай бұрын

Excellent queck reminders - short length of videos with full pack of contains, simply very effective!!

@AccountingStuff 5 ай бұрын

Thanks :)

@rchingli 4 жыл бұрын

Very easy! But really good. I wish I had this type of video when I was first learning the fundamentals of accounting at uni. Keep up the good work mate 👌🏼

@AccountingStuff 4 жыл бұрын

Cheers Ryan!

@sammievo3602 2 жыл бұрын

I can't thank you enough for you making this video. I been struggled with which is debit and credit for a very ... long time. You explained so clearly. Can you kindly do more examples or video on accrual revenue? I am struggling with that right now. Thanks a million

@meryllamistoso Жыл бұрын

thanks for the questions. i found (or remembered after 10years out of school) my own way of understanding dr and cr so i got all answers correct and i found ur explanation a bit difficult/complex. anyway to each his own!

@gugulethudube2249 2 жыл бұрын

This is such a clean analysis and clearly explains the logic and the process, i'm new to accounting and have been exposed to some convoluted explanations which seem to skip some steps or leave some crucial elements unexplained thus leaving one with a feeling "I hear but why?' Your videos leaves one feeeling 'Ok, now i understand'.

@95skandar 4 жыл бұрын

I'm totally new to this field and found your channel by chance. My! What a gem it is! SO extremely thankful to have found it. You make concepts so clear and systematic even for a beginner. Keep posting such videos! :)

@AccountingStuff 4 жыл бұрын

Cheers, will do!