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ACCOUNTING BASICS: Debits and Credits Explained

Accounting Stuff
2024 ж. 14 Мам.
2 090 844 Рет қаралды
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🆓Debits and Credits Free Quiz → accountingstuff.com/blog/debi...
💥Debits and Credits Cheat Sheet → accountingstuff.com/shop
🖊Debits and Credits Practice Questions → accountingstuff.com/practice-...
Shhh, it's a secret! Not really.. In this Accounting tutorial you’ll discover the true meaning of Debits and Credits in Accounting. This episode is a continuation of our series exploring Accounting Basics. To see the whole playlist check out the link below.
The terms ‘Debit and Credit’ are the bread and butter of Double Entry Bookkeeping and reflect the duality or double-sided nature of all financial transactions. It’s crucial to understand this concept when studying Accounting for Beginners because all transactions generate Credit and Debit entries. At the end of the video, I'll show you the secret to Debits and Credits which will make remembering which side of the Accounting Equation they fall on a piece of cake!
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:39 - Debit and Credit Misconceptions
00:55 - What are Debits and Credits in Accounting?
01:22 - What is Economic Benefit?
01:48 - Which Accounts are Debits or Credits?
02:35 - Is Equity a Debit or a Credit?
02:46 - The Maths behind Debits and Credits
04:09 - How to Remember Debits and Credits
04:33 - Recap
🔎FAQ
▪ My Favourite Accounting Book for Beginners → geni.us/5mKR7m
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▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → geni.us/bNN7
▪ Xero (FREE TRIAL) → xeroamericas.grsm.io/ck90eoq1...
🚶FOLLOW ME ON
▪ Instagram → / accountingstuff
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🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → • ACCOUNTING BASICS for ...
🎵MUSIC
▪ Lakey Inspired - Last Night → / lakeyinspired
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff

Пікірлер

  • In making this video, one of the terms that I found hardest to define is "Economic Benefit"... if you have any alternative definitions to the one I gave I would love to hear it :) 🔗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 00:39 - Debit and Credit Misconceptions 00:55 - What are Debits and Credits in Accounting? 01:22 - What is Economic Benefit? 01:48 - Which Accounts are Debits or Credits? 02:35 - Is Equity a Debit or a Credit? 02:46 - The Maths behind Debits and Credits 04:09 - How to Remember Debits and Credits 04:33 - Recap

    @AccountingStuff@AccountingStuff5 жыл бұрын

    • Another great vid! I look forward to the rest of the series

      @amytucker8335@amytucker83355 жыл бұрын

    • Cheers Amy, working on the next one as we speak

      @AccountingStuff@AccountingStuff5 жыл бұрын

    • It really good. I m eagerly waiting for more videos to cover every topic.

      @bestintaste4708@bestintaste47085 жыл бұрын

    • Thanks! I am working on the next one as we speak :)

      @AccountingStuff@AccountingStuff5 жыл бұрын

    • The definition for "Economic Benefit" was comprehensive and easy. I guess giving an example to fully put it across would suffice. The example I can think of is as follows: Supposing I am an ice-cream manufacturing firm, I will have to buy assets like machinery and a freezer so that I could manufacture ice-cream. Other than those, I would have to buy ingredients like milk and flavours to make ice-cream, and eventually make money by selling them. Here, the components that I use give an economic benefit to the firm. The machinery and freezer contribute to the firm indirectly, and the ingredients contribute directly.

      @muskandakuda7572@muskandakuda75725 жыл бұрын

  • WOW, I paid 60,000 in grad school getting my MBA and this is the first time I actually hear somebody explain it clearly... My business school professors could never explain it this easily

    @robertovalle655@robertovalle6553 жыл бұрын

    • Cheers Robert, hope it's making sense for you

      @AccountingStuff@AccountingStuff3 жыл бұрын

    • Very sad really...I can totally relate!

      @ibrahimhikmat2664@ibrahimhikmat26643 ай бұрын

    • Agreed

      @AquariusM9@AquariusM9Ай бұрын

  • Einstein once said "If you can't explain it simply, you don't understand it well enough." This guy obviously gets accounting My professor on the other hand...

    @TheDudecof@TheDudecof3 жыл бұрын

    • Wise words from a wise man!

      @AccountingStuff@AccountingStuff3 жыл бұрын

    • Agree!

      @sapsalingpusacattalkmaykwe1556@sapsalingpusacattalkmaykwe15562 жыл бұрын

    • Meanwhile my teacher pretty much just skipped the class and divided us into a group saying there will be a coach and you will learn from them

      @is0latedplays453@is0latedplays4532 жыл бұрын

    • @@is0latedplays453 Lol.

      @diyema3434@diyema34342 жыл бұрын

    • Bro same 😭

      @tevitamoala9511@tevitamoala95112 жыл бұрын

  • I've been told : PEARLS Debit: Credits: Purchases Revenue Expenses Liability Asset Sales Thank you James, your films are very good and make much sense :)

    @aggieterry8301@aggieterry83013 жыл бұрын

    • this is right but it is repeating the same thing, purchases are classified under assets . On the other hand sales is the same as revenue

      @cobra8310@cobra83102 жыл бұрын

    • I also got told Pearls but I don't think it's getting down to the real crux of what a Debit or Credit is or entails in quite the same way as Dealer. I think if you're capable of understanding Dealer then Pearls is a little bit vague.. or that was my feeling about it. I also got told that DR is money leaving the business and CR is money coming in, but this isn't fully accurate.. so it all feels very contradictory. I kind of think there is no escaping the higher level topics at a basic level as it all feeds into one whole, or the tree as this channel describes it

      @lizjane1349@lizjane13497 ай бұрын

  • I'm a novice in accounting, and was struggling to understand basic accounting equation. I've jumped on so many videos and references and ultimately lost all sanity. THEN I saw this video. 5.44 mins of listening and I got my sanity back. THE MOST CLEAR AND PRECISE. NO BS. AMAZING!!!!!

    @himanshunathani8600@himanshunathani86004 жыл бұрын

    • Thanks Himanshu, it's great to hear that Debits and Credits are clicking for you. All the best :)

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • I've been studying accounting for 2 years and none of my teachers could explain it this clearly. THANK YOU James.

    @JaveriaYousuf@JaveriaYousuf4 жыл бұрын

    • No worries Javeria, hope it's making sense for you

      @AccountingStuff@AccountingStuff4 жыл бұрын

    • True! He did an amazing job 😍

      @henaramparsad9893@henaramparsad98934 жыл бұрын

    • Javeria Yousuf ikr

      @coolcollins585@coolcollins5854 жыл бұрын

    • CA or ACCA

      @wardasaeed3846@wardasaeed38463 жыл бұрын

    • 2 years? this should be taught in the first lesson no?

      @-s2165@-s21653 жыл бұрын

  • I'm an accounting major and these are some of the best explanations I've found. Good work

    @ChocolateBubbleSkater@ChocolateBubbleSkater5 жыл бұрын

    • Thanks John!

      @AccountingStuff@AccountingStuff5 жыл бұрын

    • what are you looking at debit/credit videos on your free time? Such an accountant thing to do.

      @Austin-wh4yi@Austin-wh4yi5 жыл бұрын

    • Can you teach me more?

      @vernardinajunio8890@vernardinajunio88904 жыл бұрын

    • this is really good man!

      @SuperJack0208@SuperJack02083 жыл бұрын

    • Sir how i cant contact you?

      @ikramulhaq4571@ikramulhaq45713 жыл бұрын

  • Been inn accounting for about 3 years and I feel silly because this very basic and simple stuff still gets me confused. This has helped me a lot! I appreciate the work you put into this man!

    @FeanorSociety.@FeanorSociety. Жыл бұрын

    • how is accounting like? Currently in year 8 and everyones telling me to become an accountant

      @qwjk1@qwjk15 ай бұрын

  • This man proves that accounting is fun! I'm currently learning double-entry bookkeeping with a learning provider that can't explain anything properly, so these videos are a godsend!!!

    @kagithkagith@kagithkagith2 жыл бұрын

  • where have you been all my life?! Finally, thanks to you I GET IT.

    @simphiwendlovu7516@simphiwendlovu75165 жыл бұрын

    • Haha, no problem... I'm glad that it's clicked for you!

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • Just casually learning about accounting in the quarantine times (this is 4-month desperation behavior for an unemployed artist), and this concept was the first major stumbling block that made me think I wasn't cut out for it after all. Not only did the video finally get the concept to click for me, but the comment section full of proper accounting students who felt similarly has made me feel better for not getting it 😂 Thanks!!

    @Smidgenism@Smidgenism3 жыл бұрын

    • Hey there! Sorry to hear that you've been having a rough time. Good on you for learning accounting voluntarily! I hope you find it useful

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • Such a comprehensive manner of explaining something obvious just in about minutes, we appreciate your work here!!!!!

    @gutierrezabraham8920@gutierrezabraham89202 жыл бұрын

  • I appreciate your visual so much. It never made so much sense to me and I’ve been in accounting a very long time and still struggled with these. You are a gift to all those that are visual learners.

    @MysisAngryWoman@MysisAngryWoman Жыл бұрын

  • Honestly this 6 minute video taught me more than my Professor has in 6 weeks.

    @pyrospark4167@pyrospark41674 жыл бұрын

  • As it was suggested earlier by other commentators, James should teach most of professors how to teach Accounting basics. Good job, James! May your hard and creative work only benefits everyone learning this subject and inspires you for best results! Thanks a lot!

    @baueraltynbek@baueraltynbek2 жыл бұрын

  • I've been studying accounting for 4 years and non of my teachers could explain it this clearly. THANK YOU SO MUCH

    @sasa3712@sasa37122 жыл бұрын

  • You're awesome! Studying this in uni has been difficult, you organize all the thoughts into a very easy-to-follow explanation that's made it much easier for me. I appreciate it!

    @braydenflint-showingcharlo1622@braydenflint-showingcharlo1622 Жыл бұрын

  • This video helps me LOADS!!! I'm so grateful I stumbled upon this! I can finally feel a little more in my accounting classes! Definitely will be watching more

    @melissamarcoe1681@melissamarcoe16813 жыл бұрын

    • That's great to hear! All the best with your studies

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • I have a unit assessment on Friday and was struggling with doing this via home learning with no one to explain. Watched this twice and think you should be writing our course manuals. Can’t thank you enough, subscribed.

    @nala7658@nala765810 ай бұрын

  • As someone who works in public accounting, these videos have been fantastic to look back to to kick the dust off the brain. Thanks for the videos!

    @kevinmunyon8492@kevinmunyon84922 жыл бұрын

  • I wish I found this channel when I was in grade 12!! There are some amazing points and clear definitions. I love the time splits. Keep up the great work

    @georgia4ie59@georgia4ie593 жыл бұрын

    • Thanks Georgia, cheers for your support!

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • I've always had a difficulty understanding accounting, and you've done some good work for me. Keep helping me all the time. Subscribed! 💛

    @sunitadas8068@sunitadas80684 жыл бұрын

    • No worries Rumi, I'm happy to help :)

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • after almost 4 months of working as a trainee accountant i FINALLY UNDERSTAND THANK YOU SO MUCH i have a really important exam on thursday for my qualification and you have singlehandedly made everything just click in my brain and its so silly but i'm tearing up because the workload of my job and studying has been immense, especially since i work nights at a fast food place for extra money so i don't have as much time as the other people in my college class and i am so so happy thank you so much

    @jelsei@jelsei11 ай бұрын

  • You will never know how much easier you made my life with this video😭❤️ Thanks to you I finally understand why revenues are recorded as credit and expenses are recorded as debits. Earned a subscribe for that!

    @cactusgirl6819@cactusgirl6819 Жыл бұрын

  • Already learned more about accounting in this video than I have my entire semester at college. Will be binging your videos to catch up for my final. Thank you!

    @zebeast2068@zebeast2068 Жыл бұрын

  • The editing and camera work on this video is amazing! It makes it so fun to watch!

    @Matt-ne7mu@Matt-ne7mu5 жыл бұрын

    • Thanks Matt!!

      @AccountingStuff@AccountingStuff5 жыл бұрын

    • Matt Eng ikr true all others videos with actual white boards are like so boring😂

      @coolcollins585@coolcollins5854 жыл бұрын

    • Go shop with @Darkfeet7 on telegram he is the best he has been helping me with card for about three months,

      @evelynalice7690@evelynalice76903 жыл бұрын

  • Thank you for your videos James, bless you. I'm an MBA candidate and I was doing Accounting and financial management last quarter - I got my results today and I passed my exam through using your videos and other material to practice.

    @sechubemalatji3650@sechubemalatji3650 Жыл бұрын

    • Hey, I am new to accounting. Please tell us what other accounting materials helped you. Thanks

      @user-ms2qp1gg2p@user-ms2qp1gg2p8 ай бұрын

  • I can not express how helpful this has been. I have been struggling to understand credits and debits since the start of the semester.

    @parkerarbaugh3263@parkerarbaugh3263 Жыл бұрын

  • Taking my first accounting class, it has been a humbling experience. Thank you for sharing this video, it has been most useful!

    @markwile2713@markwile27135 жыл бұрын

    • Glad you found it useful!

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • I literally had to start writing this down as notes in my booklet, well done!!!

    @joelmacdonald8332@joelmacdonald83325 жыл бұрын

    • Cheers mate! I'm glad that you're finding it helpful!

      @AccountingStuff@AccountingStuff5 жыл бұрын

    • I did too!

      @babyjhudiel18@babyjhudiel185 жыл бұрын

    • me too

      @MauriceArwa@MauriceArwa4 жыл бұрын

  • Oh my goodness!! You are the best at explaining these concepts. Thank you so much.

    @jocp854@jocp8543 жыл бұрын

  • This guy is amazing--I have never heard as clear of an explanation of this concept as this video details here! He got me through my graduate-level final for my Advanced Accounting class (which consisted of the creation of a direct/indirect cash flows statement). Thanks for your content!!!

    @aly6986@aly6986 Жыл бұрын

  • I was having difficulty wrapping my head around when an account should be debited or credited and this just solidified my understanding in 5 minutes. Thanks very much!

    @HeyFutureUs6@HeyFutureUs64 жыл бұрын

    • Great! No worries, glad it's making sense

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • Posting here in 2022...just wanting to say that your videos cover more and provide a better understanding than more traditional, stuffy courses I have taken in Accounting. I am making a choice to broaden my career horizons by going into Accounting (and before anyone says I am crazy, you need to check out two of his videos that actually gives very good reasons why you SHOULD pick accounting as a career - and why you should not - because hey, it isn't for everyone, but that is besides the point). Anyways, wherever you are now, hope you realized what a positive impact you're making and have made on people and continuing doing this in some capacity.

    @Elle--lc7ep@Elle--lc7ep Жыл бұрын

  • I have been studying accounting for years and it was your videos that help me most!

    @QTSKisaAdderley@QTSKisaAdderley Жыл бұрын

  • Thank you so much for explaining this so beautifully and clearly!! I was having such a hard time wrapping my head around when to debit and when to credit.

    @annabradshaw213@annabradshaw213 Жыл бұрын

  • I'm studying accounting & finance in my first year, and this video has actually helped me a lot. I've only watched it once so I haven't fully grasped it yet, but this explanation made me look at it this way: The source is x, what do you do with x? If it causes the economic benefit it's the credit. And whatever is on the other side is the debit. Again this probably isn't the best way to look at this. But I had nothing to work with. Just sheer confusion to how to distinguish a credit from a debit.

    @usama7301@usama73013 жыл бұрын

  • I really think your video should be played in every accounting course! So many of us seeing this video now really wished we saw it sooner when we were studying!

    @sky_3023@sky_30232 жыл бұрын

    • Glad you enjoyed it! All the best with your studies :)

      @AccountingStuff@AccountingStuff2 жыл бұрын

  • someone has FINALLY helped me clear the fog in this whole concept! Thank you!!!

    @user-ff7wf9dr1i@user-ff7wf9dr1i Жыл бұрын

  • Quick, fun and straightforward, no fussing around Thank you so much! I am sharing your videos like crazy with anyone in need

    @shivenkaushik8503@shivenkaushik8503 Жыл бұрын

    • Thank you!

      @AccountingStuff@AccountingStuff Жыл бұрын

  • Hi James, I'm currently studying for two finance and accounting tests, and I just want to say thanks so much for making high quality videos! You really know how to teach all this accounting stuff!

    @franceslionheart@franceslionheart3 жыл бұрын

    • No worries, hope they go well!

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • u r a genius in explaining stuff i will recommend this channel 2 my friends

    @user-uo7uc4mq2j@user-uo7uc4mq2j4 жыл бұрын

    • Thanks mate, that would be awesome!

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • mad how you managed to fit in so m8ch information into 5 minutes. my professor took 3 50 minute classes to do the same. big up 💪

    @abhiklovesbadbitches@abhiklovesbadbitches3 жыл бұрын

  • I am about to start AS level accounting. Honestly a lot of this seems pretty alien but it's alot clearer than some other stuff I watched. Your videos are great!

    @harshakumavat6266@harshakumavat62664 жыл бұрын

    • Thanks, good luck in with your studies!

      @AccountingStuff@AccountingStuff4 жыл бұрын

    • How'd your exam go?

      @minvs@minvs2 ай бұрын

  • I think Im in love with you. Thank you for putting effort into this. Helps a lot. Production is WOOOOW!!!

    @andretuazon@andretuazon3 жыл бұрын

    • No worries Andre, I'm happy to help

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • Thank you so much, watching from Kenya. It has really made my attitude towards economics positive simply like that.

    @mostlyjeff2506@mostlyjeff25062 жыл бұрын

  • Thank you sir! About to get a job in accounting/admin, needed this for refresher. You rock!

    @jaegar1nine266@jaegar1nine266 Жыл бұрын

  • You would make an awesome professor in Accounting

    @seddportugal2564@seddportugal25643 жыл бұрын

  • You are such an excellent teacher.

    @shukyx7203@shukyx72035 жыл бұрын

    • Thanks!

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • The source and destination explanation really helped a lot! I'm on my second Accounting class and I still couldn't fully grasp the difference until this video. Thanks, James!

    @francedeguzman510@francedeguzman5103 жыл бұрын

    • Great to hear it's making sense! All the best with your studies :)

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • Thank you so much for this lesson! Online learning has been okay, but for managerial accounting it's been really hard since I took the first part of accounting a while ago! Don't get the opportunity to ask questions and these videos are saving me lol. DEALER is one I will make sure to remember!

    @MatthewGMarin@MatthewGMarin2 жыл бұрын

  • Great video... keep making more... I am from India and your videos help me a lot to understand the basics...

    @amaljeeson3786@amaljeeson37865 жыл бұрын

    • Thanks Amal! I'm so glad this helped you out. I am working on more right now, should have another up next week.

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • As someone learning accounting for the first time, you really made it concise and simple to understand. You have all the qualities of a brilliant teacher. Thank you and please continue making these videos!

    @FaathimaKhan@FaathimaKhan4 жыл бұрын

  • This really helped solidify information I have been studying and the lightbulb came on. THANK YOU!

    @user-kj1oh7yu7j@user-kj1oh7yu7j11 ай бұрын

  • Hey, your videos are super helpful and informative ❤ I bet teachers learn a lot from you too!

    @Realmariah510@Realmariah5102 жыл бұрын

  • Love this! Keeping making more.

    @irinaandjoshuajavaheri9626@irinaandjoshuajavaheri96265 жыл бұрын

    • Thanks! I'm glad you liked it. I am working on the next one as we speak.

      @AccountingStuff@AccountingStuff5 жыл бұрын

    • Someone posted this guy *@Darkjacob* on *telegram* yesterday and I tried him he is real..thank you very much for this help full information about the credit card with high balance 💯

      @brucejones1962@brucejones19623 жыл бұрын

  • Thank you for making such amazing content

    @treemane0@treemane05 жыл бұрын

    • Thanks buddy!

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • You have the gift of making this stuff interesting. Thank you.

    @just-simplymarvelous@just-simplymarvelous Жыл бұрын

  • This is the best explanation of debits and credits I’ve ever heard. And I’ve been perpetually confused by this stuff. Making the complex simple. Brilliant!

    @bartgee6178@bartgee61782 жыл бұрын

    • Glad to hear it made sense :)

      @AccountingStuff@AccountingStuff2 жыл бұрын

  • i studied international business management and had to accounting courses that i never understood lol. i graduated this june and i am very lost by which directions i should do my masters. i have a gap year and i decided to give accounting a try and i am going to watch all your videos. currently on the 2nd one and man you are making me love accounting. really appreciate your videos, thanks man :)

    @georgeem9867@georgeem98673 жыл бұрын

    • It sounds like you have some big choices to make. Best of luck with it all!

      @AccountingStuff@AccountingStuff3 жыл бұрын

    • Martinez is legit and reliable Have worked with him some months back and believe me he’s one of the legit hackers he’s the best if you need help with paying off debt ,credit score fix , credit card ,bank account,phone hack, PayPal hack . Contact him on +12013507159 via WhatsApp Mail him on martinezraber@gmail.com()

      @sandimarielavati2354@sandimarielavati23543 жыл бұрын

  • You teach better than most college's teachers. We need better teachers. Thank you very much for the video

    @kanzenDo1@kanzenDo13 жыл бұрын

    • Thanks for your kind words!

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • Hi James, I love the way that you explain this stuff, you make me feel motivated about to continue learning about accounting. Thanks a lot to share your knowledge with us. Cheers!

    @lorenaconejeros9605@lorenaconejeros96054 жыл бұрын

    • Cheers Lorena, that's really great to hear! All the best

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • I learned more in that 5 mins than I did in my entire Bookeeping course! Thank you!!

    @karyncrocker4128@karyncrocker4128 Жыл бұрын

  • Why didn't somebody just say that: "Destination" and "Source". I almost failed accounting in college because I thought credit was "given to me", and debit was "taken from me".

    @bluecafe509@bluecafe50910 ай бұрын

  • I'm so happy I found this channel!

    @smooth1748@smooth17483 жыл бұрын

  • The best explanations I've ever found, so helpful. Been struggling with Accounting

    @mapitso08@mapitso083 жыл бұрын

    • Thanks!

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • Best ever Definition and Explanation of Debit and Credit, I never find a straightforward and accurate definition anywhere on google or in real life. Really appreciate.

    @eTrainerBox@eTrainerBox Жыл бұрын

  • 🎵debit on the left, credit on the right. Debit left credit right, debit left credit right.🎵did Angelo’s learn that I’m their accounting class

    @trumanway3763@trumanway37635 жыл бұрын

  • you explained this better in 5 minutes than my college class did in weeks lmao

    @SittinBull@SittinBull3 жыл бұрын

  • Yer my hero

    @amberc1032@amberc10322 жыл бұрын

  • The first video in his channel but it was so well explained, well edited and most importantly branded. All the best man, you are amazing.

    @IlluruSamuelJames@IlluruSamuelJames Жыл бұрын

  • literally saved me from failing my degree. thank you

    @charliebrassey6631@charliebrassey66314 жыл бұрын

    • No worries, hope you smash it

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • Yes ive finally get it screw my classes i love this much more

    @lckcyy@lckcyy4 жыл бұрын

    • Woooo! Nice one

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • Crystal clear refresher of basic principles. Smashing that like.

    @laurynasnavakauskas9724@laurynasnavakauskas97242 жыл бұрын

  • Simple, easy and spot on!! Got so confused earlier.. DEALER will be retained forever!! Take a bow! I just solved the questions I was sitting with for 30 minutes! Thanks to this video

    @mehoonnupur@mehoonnupur2 жыл бұрын

  • DEALER. You’re a champ

    @ershadnadiro7293@ershadnadiro72934 жыл бұрын

    • Cheers Ershad

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • Sir please keep making video on accounting subject

    @shubhadeepdas7191@shubhadeepdas71915 жыл бұрын

    • Will do! I have just put out another on T Accounts and am working on more as we speak

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • Far out, the destination and source explanation is exceptional. I am in the middle of Accounting 100 here in Sydney, and I already understand how all of this works.. But the tutors and lecturers explained the debit and credit terms with a 'this is just the way it is, just remember it'. Your analogy so much better! Thank you mate!!!

    @jaicarey7023@jaicarey70232 жыл бұрын

  • Now, this video has really gotten me super clear about the concepts! My professor almost didn't explain this. Thank you for the video!

    @roderickhou4112@roderickhou41122 жыл бұрын

    • Great to hear it's making sense :)

      @AccountingStuff@AccountingStuff2 жыл бұрын

  • Me: Hey Teach are there any easy ways to remember what goes to debit or credit? Professor: Well, you just gotta memorize it. Sorry. This guy: DEALER

    @tenlongfingers70@tenlongfingers704 жыл бұрын

    • Dealer is a winner!

      @AccountingStuff@AccountingStuff4 жыл бұрын

    • during one of my lectures a slide came up with "DEALOR" on it, the teacher said " oh dont worry about that it wont be useful, we'll skip it". Now its way clearer. the source and destination explanation helped a ton

      @hershfam@hershfam3 жыл бұрын

  • fantastic

    @rsmohini5922@rsmohini59225 жыл бұрын

    • Thanks, I'm glad you enjoyed it!

      @AccountingStuff@AccountingStuff5 жыл бұрын

  • Hi James, I just really want to thank you for this series. You are helping me to understand the accounting terminologies so well because you explain it in such practical and easy to understand methods. Thanks a lot all the way from Johannesburg, South Africa 😀

    @TheAnnievG@TheAnnievG2 жыл бұрын

    • No problem Annie, all the best!!

      @AccountingStuff@AccountingStuff2 жыл бұрын

  • So helpful and DEALER is such a clever way to help memorize the equation. Thank you so much!

    @jingkim9795@jingkim9795 Жыл бұрын

  • Can you go into a little more detail as to why exactly a dividend and an expense is a destination of an economic benefit?

    @williamferguson8147@williamferguson81474 жыл бұрын

    • Agreed

      @mtgnewbie2544@mtgnewbie25444 жыл бұрын

    • Hey William, in my recent video I give a better explanation of this -> kzhead.info/sun/aL1sp86AZGide6M/bejne.html Have a watch of that and let me know if it still isn't making sense

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • This is straight up about to save my grade

    @jdfuller1483@jdfuller14834 жыл бұрын

    • Hope it helps!

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • Career changer here (late 30s) and just started my AAT Level 2. These vids are great. Such a good jumping off point before I got lost in Kaplan books! Thanks James!

    @jamesevans5743@jamesevans57434 жыл бұрын

    • Cheers James, hope the career change is going well! I studied at Kaplan too :)

      @AccountingStuff@AccountingStuff4 жыл бұрын

  • Oh my god ! I am glad my mentor suggested your videos. I had to do so many scrolls to put a comment . But it's totally worth it. Thankyou for making it so simple n easy.

    @chandanakv2684@chandanakv26842 жыл бұрын

  • Sir i am from india ......

    @shubhadeepdas7191@shubhadeepdas71915 жыл бұрын

  • In my case, remembering DEALER is so much easier because I am Colombian

    @milbxbycol9426@milbxbycol94264 жыл бұрын

    • then u are pass

      @sk_zaid_zaidkamurdeen9317@sk_zaid_zaidkamurdeen93173 жыл бұрын

    • this made me lol

      @dbuc4671@dbuc46713 жыл бұрын

  • Thank you for this wonderful video, it’s fantastic! I’m by no means a natural math person but I have a much better understanding after watching.

    @thirstykayak246@thirstykayak2462 жыл бұрын

  • i wish i knew wtf was going on

    @obaidabdoola1840@obaidabdoola1840 Жыл бұрын

  • this is just a random comment but you look a lot like the football playet Thorgan Hazard lol. But great videos mate

    @jeangomez4191@jeangomez41913 жыл бұрын

    • Haha, funnily enough you're not the first to say this. Wish I had his football skills!

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • These videos are great and incredibly helpful. Thank you for making this so easy to understand.

    @normajeanfitzpatrick4579@normajeanfitzpatrick4579 Жыл бұрын

  • THANK YOU!! This helped me so much. I was just told "You'll just have to memorize it, I don't know what else to tell you". I was struggling with this so much and this video saved me!

    @creativecranium83@creativecranium83 Жыл бұрын

  • About to go into a lab, pray for me brothers

    @xXnoproblemshereXx@xXnoproblemshereXx3 жыл бұрын

    • Best of luck!

      @AccountingStuff@AccountingStuff3 жыл бұрын

  • In a nutshell: Debit what you get, credit what you give . debits=destination credits=source

    @abobakralkubati5318@abobakralkubati53184 жыл бұрын

    • Someone posted this guy *@Darkjacob* on *telegram* yesterday and I tried him he is real..thank you very much for this help full information about the credit card with high balance 💯

      @brucejones1962@brucejones19623 жыл бұрын

  • Thank you so much! Now I finally understand the difference between credit and debit. I always got mixed up and felt so lost in class. Thank for the video! You're the best :D

    @StrawberryCake1200@StrawberryCake1200 Жыл бұрын

  • This video helped me last year. Thankful for having this in my recommendation.

    @jhamesbagalay8387@jhamesbagalay83872 жыл бұрын

  • Im still so confused, ugh!

    @Angelica-pu3dq@Angelica-pu3dq3 жыл бұрын

    • @Darkfeet7 on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance💯

      @evelynalice7690@evelynalice76903 жыл бұрын

    • @@evelynalice7690 ?

      @Angelica-pu3dq@Angelica-pu3dq3 жыл бұрын

    • What are you confused about exactly?

      @giovannibloom6433@giovannibloom64333 жыл бұрын

  • Omg! I cannot thank you enough!!! I do not have a background in accounting, but I am studying basic financial concepts applied to healthcare at the moment. I have been reading through my accounting textbook and course notes for days now and only getting more and more confused. This has helped me soooo much!

    @jujube5828@jujube58283 жыл бұрын

    • Glad it was helpful!

      @AccountingStuff@AccountingStuff3 жыл бұрын
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