Accounting For Beginners / 3 Rules for Accounting / Debits and Credits

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Accounting For Beginners / 3 Rules for Accounting / Debits and Credits
BEST ACCOUNTING PLAYLIST IN THE WORLD • Accounting for Beginne...
MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.
Accounting For Beginners #1 www.youtube.com/watch?v=_pTU4... Debits and Credits / Assets = Liabilities + Equity
Accounting For Beginners #2 www.youtube.com/watch?v=0--jJ... Basics / Accounting Equation
Accounting For Beginners #3 www.youtube.com/watch?v=YXFEE... Journal Entries / Beginner Tips
Accounting For Beginners #4 www.youtube.com/watch?v=Yy1Dt... Income Statement / Revenue - Expenses
Accounting For Beginners #5 www.youtube.com/watch?v=fEtBF... The Balance Sheet / Basic Tutorial
Accounting For Beginners #6 www.youtube.com/watch?v=XyB3m... Putting an Asset on the Balance Sheet
Accounting For Beginners #7 www.youtube.com/watch?v=H4udC... Depreciating an Asset / Basics
Accounting For Beginners #8 www.youtube.com/watch?v=xjXgp... Depreciation Expense / Basics
Accounting For Beginners #9 www.youtube.com/watch?v=QFV6P... Accounts Receivable / Basics
Accounting For Beginners #10 www.youtube.com/watch?v=xQ0u_... Accounts Payable / Basics
Accounting For Beginners #11 www.youtube.com/watch?v=tFA9H... Fifo and Lifo Inventory / Basics
Accounting For Beginners #12 www.youtube.com/watch?v=Z-g1T... 1 Journal Entry With 2 Assets / Basics
Accounting For Beginners #13 www.youtube.com/watch?v=ds2Y0... Accounting Study Guide / Template
Accounting For Beginners #14 www.youtube.com/watch?v=BU9em... Journal Entry with Cash / Expense
Accounting For Beginners #15 www.youtube.com/watch?v=kwCtA... Journal Entry With Cash / Revenue
Accounting For Beginners #16 www.youtube.com/watch?v=1Yrcj... Debits & Credits / Negative Asset
Accounting For Beginners #17 www.youtube.com/watch?v=amf1h... T-Accounts / Debits and Credits / Accounting 101
Accounting For Beginners #18 www.youtube.com/watch?v=18zPz... What is a Draw? / Withdraw / Distribution / Dividend / Equity
Accounting for Beginners #19 www.youtube.com/watch?v=r43j0... Don't Abbreviate / Accounting 101 / Basics
Accounting For Beginners #20 www.youtube.com/watch?v=yXJVI... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses
#Accounting #CPA #Business
00:00 Introduction
00:34 Debits on the left / Credits on the Right
01:10 Debits = Credits
02:41 Debits & Credits are not good or bad they just are

Пікірлер: 29

@daniellebailey2152 Жыл бұрын

I hope that you see this comment. Over the last few years you have helped me soo much more than the teachers at university. I graduated this May and sit for the CPA exam in August, Thank you for making these videos you are appreciated.

@bretquinn2672 8 ай бұрын

love the videos! I just had to accept D/C ADLER as fact and science and that's that. It's the math and science of accounting - when I accepted that, it made things a lot easier! None of my Acctg teachers told me any of this, so I learned a lot from your videos! thank you!

@CPAStrengthPassion 6 ай бұрын

I agree with you. Glad I could help out

@laurentran1793 Жыл бұрын

I can’t thank you enough for your accounting videos! I subscribed your channel to learn since 2020, and I’m about to graduate from my Bachelor’s degree this May! I scored 100/100 on both Accounting classes I took. Thought I’d share this with you, your videos are inspiring! Thank you so much!

@CPAStrengthPassion Жыл бұрын

Thanks for dropping a comment with your success. To have been helpful with your achievements is so gratifying and humbling. All the best to you

@joaquinochoa5322 Жыл бұрын

LOL! They call me two license...no they don't. LOL! They should call you "gold bars" because you drop bars and make gold bars by your grind. Holla! Your lessons help us make that paper also, Son. I call you Son because I want to see you shine like one. Holla! Thank you!

@CPAStrengthPassion Жыл бұрын

I always appreciate you stopping by and showing some love. I'm always trying to shine brighter and brighter.

@72dkny Жыл бұрын

The Tupac Poster is EPIC!

@CPAStrengthPassion Жыл бұрын

Yes, I love it. My favorite poster I have had it for like 20 years

@frankenstein9626 Жыл бұрын

DC ADE LER !!!

@CPAStrengthPassion Жыл бұрын

I can tell you have an above average intelligence. DC ADE LER--FTW

@harrytedford3787 Жыл бұрын

Got an exam coming up, ur videos help so much. way better then my prof

@CPAStrengthPassion Жыл бұрын

Blessed I found a lane to be helpful. Good luck 🍀 on your exam

@kridstax2248 Жыл бұрын

Thanks again man for all your videos. About to finish my last accounting class and will always remember how much your videos have helped me get through school going through online classes at nights after work.

@CPAStrengthPassion Жыл бұрын

Wow, thanks for posting this comment. It really gives inspires me to keep creating content. Sometimes your purpose is staring at you face the whole time. / What a Bo$$ move to take classes after work. That is something a winner does !!!

@kridstax2248 Жыл бұрын

Yeah man I had a serious back injury that required 2 surgeries couldn’t walk for a year so I started going back to school. You have taught me more than any of my online professors, never stop ! DC ADE LER

@CPAStrengthPassion Жыл бұрын

I’m proud of you that you pushed forward in the face of adversity. I will keep making content. It is how I can give back

@evafranco7888 Жыл бұрын

I'm happy U got you got your real estate license. I've been licensed for over 12 years. If I can help in anything related to real estate, I will be honored to help. I am your fan, I am an accounting student to become a bookkeeper here in Southern Ca.

@CPAStrengthPassion Жыл бұрын

Thank you for your generosity in sharing information. I am going to buy a house for me after tax season and am very excited

@welikegoodies Жыл бұрын

I say left for leaving, right for receiving when explaining it to anyone. It helped me when I was learning and I’m still learning 😂🎉💯👏😁

@CigarMusic402 Жыл бұрын

Your channel blew up in subs, damn. Last time I watched your accounting videos. You were at 10k subs. Yes keep dropping those accounting videos, talk about your life as CPA, any exciting accounting topics

@CPAStrengthPassion Жыл бұрын

Yeah I grinded hard on this channel. I will keep up different types of videos