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Debits and Credits for Beginners 

Accounting University
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26 июн 2024

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Комментарии : 108   
@Accountinguniv
@Accountinguniv 4 года назад
Debits and Credits for the Beginner! I'll give you the basics to learn quick and easy.
@clemmy16
@clemmy16 3 года назад
Hi I never had accounting,and I have it now at the college, I will appreciate if you can help me to understand accounting.
@classicalwit
@classicalwit 3 года назад
We should go back in time and kill the clown who invented this BS. What's the logic behind it? This Dr / Cr nonsense is akin to saying some numbers are always negative and some are always positive. Sheer lunacy!
@anthonygirdler606
@anthonygirdler606 2 года назад
@@classicalwit Yes ! I totally agree ! This stuff is so dumb. If you have any understanding of numbers and words, this concept is offensive. Accountants suck. The only way I can make any sense of it is that they didn't know what the words meant. They just plucked some words that mean opposite things and applied them. Unfortunately for everyone else these words already had a meaning and now we're stuffed.
@Dashrosenstock
@Dashrosenstock 2 года назад
@@anthonygirdler606 Are you refering to how in accounting they call money coming debit and money out credit? which is the complete opposite of the words meaning. I'm struggling a lot with this at the moment too
@monkizaki1440
@monkizaki1440 Год назад
DUDE FINALLYYY. I found someone who actually knowwssss how to teach slowly and compassionately!! 😊
@Oreofurever
@Oreofurever 2 года назад
The only video that helped me understand debits and credits. Wow! Thank you!
@stephanielinden741
@stephanielinden741 2 года назад
Oh my goodness! Thank you so much for this explanation, have been looking at 13 videos today and you are the only one who has succeeded with explaining it in an understandable way! Many Many thanks to you!
@Accountinguniv
@Accountinguniv 2 года назад
So happy to hear that! I will be creating more videos every single week 😃
@Cris-hk4cn
@Cris-hk4cn 2 года назад
This is the best video I have viewed for leaning the different between debits and credits. Thanks so much, great job.
@ana_coexistcrypto3998
@ana_coexistcrypto3998 3 года назад
Thank you so much for the straight to topic point and easy breakdown. Appreciate your effort in making this video; helped me alot! ☺️
@YotOver
@YotOver Месяц назад
4 years at university and now I get to know this perfectly... Thanks AUBG.
@victorurena3005
@victorurena3005 2 года назад
Debits & Credits !!! Thanks for the simple explanation and making it easier to understand for beginners...
@shamiranazo2067
@shamiranazo2067 Год назад
you are amazing in explaining debit and credit. I was having hard time understanding the concept but thanks to you, I am starting to understand it. Thank you.
@akinpeluolalekan4622
@akinpeluolalekan4622 Год назад
Thank you so much for this. Your explanations are always easy to relate to or understand.
@whereisfubu7696
@whereisfubu7696 Год назад
Seriously you are a life saver. I leave from examples and you just made it click for me. You are appreciated.
@BrunoLuke
@BrunoLuke 9 месяцев назад
While trying to build passive income and prepare for retirement, It’s important to choose stocks that are expected to hold up in inflationary environments. To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate, since this can help protect your portfolio against inflation. I have seen people making up to $800k in a month during high-inflation
@MarcusFred-wn3iv
@MarcusFred-wn3iv 9 месяцев назад
One strategy is to invest in assets that perform well during inflation. Another strategy is to focus on companies that have the ability to pass on price increases to their customers. It's also important to maintain a diversified portfolio. It may be a good idea to speak with a broker who can help you develop a customized investment strategy based on your individual goals and risk tolerance
@BrunoLuke
@BrunoLuke 9 месяцев назад
@@MarcusFred-wn3iv I used to manage my stock portfolio by myself, all that time I did not make any significant returns (but also did not suffer losses). Then out of nowhere 2008 happened, and I lost 50% of my savings in a very short period. That prompted me to hire an FA, Since then I have been learning a lot about the stock market and I have made up to $500k in returns
@MarcusFred-wn3iv
@MarcusFred-wn3iv 9 месяцев назад
@@BrunoLuke I've been thinking of going this route of using an advisor. Could you suggest yours?
@BrunoLuke
@BrunoLuke 9 месяцев назад
@@MarcusFred-wn3iv I personally work with *KRISTIN GAIL CUNNINGHAM* She covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, and ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her
@MarcusFred-wn3iv
@MarcusFred-wn3iv 9 месяцев назад
@@BrunoLuke She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@Nico-rv9pu
@Nico-rv9pu 3 года назад
That was so much better than professor and other videos combined. Holy. Thank you much for your content
@Accountinguniv
@Accountinguniv 3 года назад
Happy to help!
@progenxvirtual
@progenxvirtual 2 года назад
Omg, you just saved my life with this video. I could not find a video that I understood where debits and credits are concerned. Thank you so much for this.
@Accountinguniv
@Accountinguniv 2 года назад
So happy I could help!
@aliceodame4280
@aliceodame4280 Год назад
Thank you!! You made it so simple to understand
@mayranoguera3654
@mayranoguera3654 4 месяца назад
I watched 100 videos until I got to this one, the only way to understand the debit and credit matter was through this video! You are the best! And thanks for the exam.
@angelstarfire
@angelstarfire 2 года назад
Wow thank you so much! I finally get it!!
@cesart4257
@cesart4257 2 года назад
Best video on this subject! Thanks man
@xoelletea
@xoelletea Год назад
OMG, THANK YOU THANK YOU THANK YOU... I don't know why this seemed so simple for you but so complex for others (my professor) to explain!
@heatherwalker2675
@heatherwalker2675 Год назад
Thank you for being clear and to th point!
@Eeriefee
@Eeriefee Год назад
You are quite literally my super hero. I've watched so so so many videos and re-read my book several times about this subject, it just wasn't clicking at all. Thank you!!
@maricelarobles5217
@maricelarobles5217 3 года назад
Thank you very much, Great video!!!
@nilankaranasinghe8485
@nilankaranasinghe8485 3 года назад
Great session sir Thank you.
@rover69420
@rover69420 7 месяцев назад
This video cleared all my confusion about debit and credit. Thanks a lot. This video is really underrated ( practicing for tomorrow's exam ).
@fulaahmed9762
@fulaahmed9762 2 года назад
Thanks a lot, your channel is amazing.
@malibu735
@malibu735 3 года назад
Thank u, u explained this so much better than others;)
@davidchaudron8368
@davidchaudron8368 6 месяцев назад
Love this explanation, very nicely done!
@mercybrown2106
@mercybrown2106 Год назад
You are the best !! I’m finally getting it !
@chedzasechaba146
@chedzasechaba146 Год назад
Thank you for the clarity, it is was very helpful
@RPisa2416
@RPisa2416 10 месяцев назад
Ah I'm finally starting to get it! Thank you!!!
@learningtogetheredu
@learningtogetheredu 11 месяцев назад
really appreciate your video as new content creator in this fields
@khalikakenzua6533
@khalikakenzua6533 Год назад
Thanks so much , I was struggling to understand this
@darynaiakovenko8800
@darynaiakovenko8800 Год назад
That was so clear and usefull! Thanks. So basically everything is increased (go up) you just need to know to with account apply, referring to the abbriviation.
@nahweravean8731
@nahweravean8731 Год назад
Great explanation 🙏
@reyaazsuhrabi7183
@reyaazsuhrabi7183 Год назад
Honestly, I have keep studied Dr and Cr for a month but finally, I understood that I am not an accountant person then I left it.
@-_-_-_-_-_-_-_-_-_-_-_-...
@-_-_-_-_-_-_-_-_-_-_-_-... Год назад
this is the best vid on this topic by far
@dirtydan6098
@dirtydan6098 2 года назад
Never heard of Dead before. Thank you
@TRINI123A
@TRINI123A Год назад
Nice video. Makes sense.
@elizabethcarrillo3892
@elizabethcarrillo3892 Год назад
The best video explaining accounting basics.
@Accountinguniv
@Accountinguniv Год назад
Glad it was helpful!
@princessdaroya8093
@princessdaroya8093 Год назад
Thank you for this❤
@adekunleolatunde9036
@adekunleolatunde9036 2 года назад
Thank you for the explanation.
@Accountinguniv
@Accountinguniv 2 года назад
Happy to help!
@teklaebbereket4601
@teklaebbereket4601 Год назад
Thanks so much
@argus46000
@argus46000 2 года назад
Thank you
@aishas4192
@aishas4192 3 года назад
great video
@Sharon2U
@Sharon2U Год назад
Awesome teaching!
@Accountinguniv
@Accountinguniv Год назад
Glad it was helpful!
@AccountingandFinance
@AccountingandFinance Год назад
great job,
@YHOOOOOOOOOOOO1
@YHOOOOOOOOOOOO1 Год назад
This was so great omg
@razeenwajid403
@razeenwajid403 Год назад
Omgg thankyousomuchh for these videos
@bikesgoodgasbad
@bikesgoodgasbad Год назад
Holy shit I’m so glad I played bball with this genius instead of us each taking our grad school final exams nearly 10 years ago because now we are both amazing teachers instead… That saying you were possibly thinking in response to this true lil totally is bogus btw yall, extremely relevant to this video in particular if you have any idea how expensive a masters degree is. Hell yeahI love accounting!!
@Accountinguniv
@Accountinguniv Год назад
Thanks for watching buddy! Forever teachers 🤝
@theazrael4423
@theazrael4423 5 месяцев назад
Hope your channel is still alive my friend, very useful, clear, simple content
@nethalienick8308
@nethalienick8308 2 года назад
thankyou
@CharlesDike
@CharlesDike 2 года назад
bless you bro
@sankyeat
@sankyeat Месяц назад
I understand that some are debit by nature and some are credit by nature. But what is debit and credit itself? What do these terms actually mean?
@elfalgo8816
@elfalgo8816 10 месяцев назад
youre goated 3 years later
@ashleyramirez3778
@ashleyramirez3778 5 месяцев назад
what about credits? if they increase or decrease?
@jeanakeller450
@jeanakeller450 Год назад
would help if you put in the actual visual equation so we can see where the +s -s go on the A= L+S/E
@abidmajgaonkar3328
@abidmajgaonkar3328 3 года назад
Dwight Schrute!
@jncworld13
@jncworld13 Год назад
I signed up your course last night, I got the receipt email but I didn’t get my course access information email.
@henryorton2690
@henryorton2690 2 месяца назад
Man you're so easy to understand+
@khalikakenzua6533
@khalikakenzua6533 Год назад
New subscriber
@marthaboykin6370
@marthaboykin6370 Год назад
So I am a big picture learner. I understand if you increase you "debit" and if you decrease you "credit" But why? It seems it would be the opposite. I know the RULES; I need some reasoning of why this is so I can completely understand. Thanks!
@alushmano
@alushmano Год назад
I need your help my dear taeacher?
@israelalvarado9720
@israelalvarado9720 Год назад
I have a question. Why would the formula to get assets be written as liabilities PLUS owners equity . When it should be MINUS. In my head if I add up all liabilities and then I add my equity that’s adding when it should be minus your Liabilities from your equity.
@edwardlewis1963
@edwardlewis1963 18 дней назад
Company assets = Company liabilities + SHAREHOLDERS" EQUITY. Shareholders.
@scott49140
@scott49140 9 месяцев назад
may i ask if you earned revenue that means cash has gone up right? how come its a credit?
@karthikmohan1539
@karthikmohan1539 Месяц назад
Will balance balance sheet by crediting revenue and debiting same amount fr9m cash a/c to balance asset and liability
@UndyingForceMatt
@UndyingForceMatt 2 года назад
Wouldnt cash as an asset be a Debit? So if youre buying a product, it would be a debit from cash?
@Accountinguniv
@Accountinguniv 2 года назад
When you receive cash, it is debited. When you pay with cash, it is credited 👍
@TRINI123A
@TRINI123A Год назад
when an asset increases it is a debit. whem you buy sonething you are decreasing cash so it is a credit.
@TRINI123A
@TRINI123A Год назад
How do you record if you steal 1 million dollars?
@Sirenology_Studios
@Sirenology_Studios 2 года назад
4:30 if I pay the debt (liability) with cash (asset) shouldn't the asset decrease because I used it to pay the debt?
@Accountinguniv
@Accountinguniv 2 года назад
That is correct. Thanks for pointing that out! I will be making a new debits and credits video soon 😎
@Sirenology_Studios
@Sirenology_Studios 2 года назад
@@Accountinguniv Thank you so much! I was so confused. I've started a bookkeeping course recently and these videos really help.
@brettbutler2405
@brettbutler2405 11 месяцев назад
I’m just not understanding why expenses would go up as a debit
@cbzombiequeen58
@cbzombiequeen58 3 года назад
Instead of CLRE, Arrange, Credit Liabilities Equity Revenues CLEAR MINUS THE A
@sauldiaz2139
@sauldiaz2139 3 года назад
or Mr. Cler
@layansarhan5549
@layansarhan5549 3 года назад
@@sauldiaz2139 genius 😂👏😌
@QAhmadG
@QAhmadG Год назад
MAN U GAINED A LIKE... THE UNI PROF DOESNT KNOW HOW TO EXPLAIN THAT EZ EVENTHOUGH I AM STILL A BIT LOST BUT WAY BETTER THAN B4 THANK YOU
@Abdullahs_World
@Abdullahs_World Год назад
One made up word from me here is DEALER first 3 DEA are debit i.e. Dividends, Expenses and Assets. last 3 LER are credit.. i.e. Liabilities, Equity and Revenues.
@anthonygirdler606
@anthonygirdler606 2 года назад
Very confused. Something can't go up with a debit. That's not what the word means. It's like saying 5-3 = 8
@anthonygirdler606
@anthonygirdler606 2 года назад
Using an acronym doesn't help to explain the concept. It's just rote learning. Instantly forgettable if you lack understanding.
@InfomaniacommonIMC
@InfomaniacommonIMC 2 месяца назад
Yeap this is accounting.
@edwardlewis1963
@edwardlewis1963 18 дней назад
Yes. The words are English but the meanings depend on where you use them. For example Debit a debit account means the debit account increases. Credit a credit account means the credit account decreases.
@marthaboykin6370
@marthaboykin6370 Год назад
Just sent you an email.
@lornaj3310
@lornaj3310 Год назад
This information keeps getting presented like it has to be memorized - why is that? Why won't anybody tell us the reason it is the way it is so we don't HAVE to memorize it? Is it because it's nonsensical and randomly assigned? Surely that can't be true...
@josephschmoe2376
@josephschmoe2376 2 года назад
No wonder I write for a living. FML. Huh? LOL
@friscoj68
@friscoj68 9 месяцев назад
That was good...but not great or anything. Try some coffee.
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