FA3 - Understanding Assets, Liabilities and Equity 

As a freshman, I had a pretty difficult time keeping up with the lessons I am studying. These kind of lectures are so helpful and motivating to me! Thank you so much 💖

Understanding assets? More like "learning material the fastest", because these videos are teaching me so many things so quick. Thanks again so much for making them!

You are awesome.... as someone who is struggling with accounting....I appreciate how you're breaking it down to a level that I can understand.

I wish I found you when I started my accounting course!

Thank you I’m a senior in college and I took accounting 1 and 2 my first 2 semesters, and I’m in my last accounting class needed a refresher!

Thank you!!! I'm starting school for accounting in January of 2021. I been going over my accounting class from beginning to end before I start school so I can be kind of familiar with what my teacher will be teaching. Your video's are so helpful thank you so much. I'm pretty sure I will be back look at your videos once again when I start. Thank you one more time you really have a gift for teaching. GOD BLESS

Professor's videos truly help me to understand the structure of accounting and so on. I did'nt see the videos whilst i was taking the introduction to accounting. But this semester im taking managerial accounting and discovered the channel just in time. I wish i could join the members only section but since im living in Turkey and our economy is quite a bankrupt now against the USD, its quite expensive for me. But for all the students out there like me, i advise Mr.Bell's videos highly. Dont forget to download the Workbook also. Cheers!

You're such a talented instructor - thank you!

Thank you for your videos, Professor.

Love your videos from South Africa Im in school and i do accounting and im looking to pursue a career in chartered accounting and your videos helps me and teaches me alot keep up the amazing work 👌👍

Very helpful video. Straight to the point. Currently taking Accounting. Looking forward for more videos.

Nice explanation to see the category each account they belongs to.

You have excellent knowledge 👍

You're a great teacher, thank you. Happy Tuesday❣️

Thank you for your help.

Awesome breakdown👌 Thanks much!

Amazing video, very helpful!

About to be going for my accounting diploma (then moving to masters degree) afterwards. Thank you!

We Know its you Ray Romano! haha great stuff man! i'm very new to accounting and you make it seem pretty easy so far

Thank you..I am computer science student learning on my own.

Thanks professor

is the worth of the supplies calculated by the marked price or by the price you bought it?

download a copy of this and ALL OF MY PROBLEMS

Good job

hello, thank you for your videos sir. I am unable to access the PDF link

you are awesome thank you so much

Sir am so grateful for this lecture am kindly asking for the notes

Hello Tony you do an amazing job explaining all of this concepts, thank you so much for doing this available for everyone 👏🏻👏🏻👏🏻 I only have one question on this video, is a car an asset or liability? I though was liability

Perfect!

Another great video. Thank you. Here is a question that I have always had. For some items, it is obvious to me when to categorize something as either an expense or a liability. I understand how the supplies used up by the business in a period of time are an expense and not a liability. But, other things are not as clear. Take "Income Taxes" to be paid. Why would that not be considered a liability instead of an expense? I'm seeing a fine line between something that is classified as an expense or a liability. Or is it that the income taxes are a liability until they are paid within a period for an Income Statement and then at the point they're expensed? Thanks for the help with this. P.S. On your comment about Cryogenic preservation of body. I'm not sure if your mention of it was supposed to be a joke. But, I looked into that idea of preservation myself. I figured, hey, it's either that or not a chance of coming back after death. What I realized eventually is that it may not be practical. Not practical because of future medical issues or technology, but not practical because the Cryogenic company may not be in business long enough to revive you. Here is my reasoning: In the future, once all illnesses have been eliminated from the world, there won't be any need for anyone else to be preserved. People would be living forever. Therefore, there are no new customers getting frozen and generating revenue for the cryogenic company to stay in business. Without the income to pay for the buildings, machines, dry ice and maintenance for the company, they would go out of business. What happens to all the popsicles in storage? Not good!

Thank you!

Sir Please make the join option available in my country "Pakistan" as well.

thank you!

Dear Sir, Can you also tell us about Book/s that we can follow for Question Practice and Good Theory!? Thanks for these awesome sessions ❤️

Tony bell sins you re real man🙋

I'm sorry, but I cannot download the pdf. Can you help me?

Professor, why does "phone bill" come under accounts payable instead of "Expense" ?

Thank you , is salary an expense or libalility?

Hii...your videos are great but I just wanted to ask a question...how can a car be an asset ??? Don't it depreciates in price in the long run ??

you are awesome

how about bonds (instruments) are they assets ?

Sir I have a question I'm a first year college just a freshman this part is the place I always fail how can I easily identify if it's a Long term or current this is where I always fail in my ABM in high school it's confusing to me

When you join, members only, can the videos be downloaded, streaming is to costly?

What is the difference between Supplies and Inventory? Is inventory only LT while supplies are Short term? Can we use inventory for a Supplies section? Thanks.

Hello professor unfortunately the link to the website " Accountingworkbook" is not working. Any help please!!!!!

North Dakota State University could use a good accounting professor, you should apply.

What is the difference between "Salaries Payable" and "Salaries Expense"?

Hi Mr. Tony Bell how can I achieve members-only videos? I am from Afghanistan.

😎🤙🏼 good stuff

Not sure if this is asked already, but why is Supplies considered 'Current' and not 'Long Term'? Is it because supplies generally will get used up within a year? We never take in consideration that there a some supplies that could be left sitting there for more than a year?

Can someone please tell me . Why this formula is written this way? Assets = liability + equity. Why is there a plus sign when in reality you subtract the liability from equity ? Or am I wrong? Because if I add liability plus equity that gives me something else. Liability is debt that we have, why would I want to add that to my equity to get to my assets ??

There is a small question...what is the difference between supplies and inventories. thanks

Salary payable is it an asset or expenses ?

I can't see the Join Botton

Is this a marketable skill?

I just don’t understand why cash is treated as a debit, like what exactly does debit stand for in that context and what does credit Stand for

I think I love you

Who else is studying Accounting next month