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T Accounts Explained SIMPLY (With 5 Examples) 

Accounting Stuff
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🆓T-Account Free Quiz → accountingstuff.com/blog/t-ac...
💥T-Account Cheat Sheet → accountingstuff.com/shop
🖊T-Account Practice Questions → accountingstuff.com/practice-...
Accounting Basics Lesson 3 - T Accounts Explained. This episode of Accounting Basics for Beginners will give you the full run down of how T Accounting works and why they are so useful in visualising accounts. T Accounting made easy is Accounting Basics Lesson 3 and will each you an easy way to learn T Accounting.
What is a T Account and why are they used? You'll get the answers to these questions in this video, along with 5 examples to help you understand T Accounting.
T Accounting made easy so you'll be able to use them in practice and get value out of them when studying accounting. Debits and Credits in a T Account don't have to be daunting. This video will show you the easy explanation of the T Account to help you with you studies.
🔴Subscribe for more Accounting Tutorials → geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
01:03 - What is an Account?
01:13 - What is a T-Account?
01:35 - What is the General Ledger?
01:43 - What does a T-Account look like?
02:07 - Simple way to remember Debits and Credits
02:35 - How does a T-Account work?
03:59 - Why do we use T-Accounts?
04:30 - What is Double-Entry Bookkeeping?
05:12 - T-Account Examples and Solutions
10:04 - Recap
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DISCLAIMER
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19 июн 2024

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Комментарии : 1,6 тыс.   
@AccountingStuff
@AccountingStuff 5 месяцев назад
Thanks for watching! Please let me know if you have any video requests :) 🔗USEFUL LINKS ▪T-Account Cheat Sheet → accountingstuff.com/shop/t-accounts-cheat-sheet ▪Free T-Account Quiz → accountingstuff.com/blog/t-account-quiz ▪T-Account Practice Questions → accountingstuff.com/practice-questions/t-account-question-pack-1 ⏱TIMESTAMPS 00:00 - Intro 01:03 - What is an Account? 01:13 - What is a T-Account? 01:35 - What is the General Ledger? 01:43 - What does a T-Account look like? 02:07 - Simple way to remember Debits and Credits 02:35 - How does a T-Account work? 03:59 - Why do we use T-Accounts? 04:30 - What is Double-Entry Bookkeeping? 05:12 - T-Account Examples and Solutions 10:04 - Recap
@user-gf7jg8ir7i
@user-gf7jg8ir7i 2 месяца назад
why new supplies are being on credit side? new supplies is an asset account when there is increase in an asset we debit the account i can see bill payment is a liability an increase in liability we will credit why not same for new supplies? why don't we debit the account ?
@makaylajelley2268
@makaylajelley2268 4 года назад
You literally explained what I needed to learn in my 3.5 hr accounting class in simply 11 mins 😭 I need your channel! Definitely subscribing !!🤓
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Makayla and cheers for the sub! Good luck in your Accounting class!
@ultralegendarybeast101
@ultralegendarybeast101 3 года назад
@@AccountingStuff :)) Greatness!!
@punktinskomatins6257
@punktinskomatins6257 2 года назад
Two years later, and people still have the same situation
@roslynpaige4442
@roslynpaige4442 11 месяцев назад
I know right!!!! online uni is kind of useless haha I am so grateful I found this channel!
@leeeezherisaac7685
@leeeezherisaac7685 7 месяцев назад
Same lol
@msikwe9667
@msikwe9667 5 лет назад
THIS IS THE FIRST TIME IVE ENJOYED ACCOUNTING. OMG!
@AccountingStuff
@AccountingStuff 5 лет назад
Haha, it's actually possible!
@ephyarhmilla9101
@ephyarhmilla9101 4 года назад
Yh yh Me too🥰
@harrisonma3137
@harrisonma3137 4 года назад
My online course teacher doesn't go into full detail so this is really helpful
@paperasmasmr8011
@paperasmasmr8011 3 года назад
Me too!!
@shanyingliew4509
@shanyingliew4509 3 года назад
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@babyjhudiel18
@babyjhudiel18 5 лет назад
Didn't skip any ad. You deserve it for making quality content. 😊
@AccountingStuff
@AccountingStuff 5 лет назад
Haha, that's very kind of you!
@Janecas
@Janecas 3 года назад
I didn't know that it would be beneficial not to skip the adds, but did the same as indeed is well deserved!
@prelavpereira2998
@prelavpereira2998 3 года назад
My browser automatically skips ads :(
@angelinaguzman7665
@angelinaguzman7665 3 года назад
I didn’t know either, sitting through the ads now lol
@xxm0abxx5
@xxm0abxx5 3 года назад
It's better to work and donate to not waste your time. You'd probably have to watch 1000 ads to give him 5$
@DenmarkWeside4Life
@DenmarkWeside4Life 5 лет назад
Was looking for a quick brush-up on the topic and stumbled across your videos. The sheer quality of production is amazing, you're great at conveying the topics and manage to do it in a very understandable way while still being entertaining. This is definitely a top-tier educational channel in many regards and I can see that you like doing it! I hope your channel blows up, you certainly deserve it. Cheers
@AccountingStuff
@AccountingStuff 5 лет назад
Hey Wiktor, thanks for the kind words! It's great to hear that you are finding the videos helpful. Cheers for the support, all the best!
@tiffanylourens3443
@tiffanylourens3443 4 года назад
I was struggling myself and asked many for an explanation. Thanks to you and the wonderful way you put it out... Finally getting grasps of this, Definitely assisting my with my GL to complete In an assignment. Loved the Dealer part....
@waliyatoyeniyi3541
@waliyatoyeniyi3541 3 года назад
I was told that every achievement begins with the decision to try . Ignorance destroys so many opportunities . I'm a victim but I was convinced by the right person i meet on instergram by God willing a man known as Mr Carlos @Carlos_1uptrades now i earn over $12,650 every week, I am just very happy and it feels like am the only one enjoying this although there are people still testifying about this man.
@1mol831
@1mol831 Год назад
Quality in yt usually is better than universities, as university lecturers don't need to compete like in yt in quality.
@siblinggoals5431
@siblinggoals5431 4 года назад
Being a little funny while studying is important,so not to get bored and you've done it.I like your lectures
@AccountingStuff
@AccountingStuff 4 года назад
Thanks!
@aashayjoglekar591
@aashayjoglekar591 4 года назад
EXACTLY!!!
@BitterMonday
@BitterMonday 4 года назад
I can't thank you enough for making this high quality contents free for everyone
@AccountingStuff
@AccountingStuff 4 года назад
All good Fadil, hope it helps!
@jcarr3876
@jcarr3876 5 лет назад
OMG accounting did not make sense until i saw your videos thanks brother. your awesome
@AccountingStuff
@AccountingStuff 5 лет назад
No worries Jesus!
@ihavenohair1975
@ihavenohair1975 3 года назад
From a SOURCE (credit) to a DESTINATION (debit). I am getting it now, you have a great talent for teaching! Thank you for sharing your knowledge and gift
@AccountingStuff
@AccountingStuff 3 года назад
Glad it's making sense!
@ashawhite1041
@ashawhite1041 9 месяцев назад
I learn better with analogies and this answered a great question for me.
@darrenkelly8989
@darrenkelly8989 4 года назад
Hey, I am studying for my university exams in accounting and I genuinely find these videos so helpful I use your videos more than I use my lecture's you have a gift for making this interesting. you're helping a lot of people better themselves thank you so much for this content.
@AccountingStuff
@AccountingStuff 4 года назад
Hey Darren, thanks for your feedback! It's great to hear that you're finding the videos helpful. All the best with your uni exams!!
@MH-wu9tx
@MH-wu9tx 2 года назад
I have literally learned more in the space of 11 minutes than I have this whole year of uni. I have my Financial Accounting exam on Tuesday and this has completely cleared it all up for me after struggling with it for so long! Thank you!
@talosgak1236
@talosgak1236 3 месяца назад
Bruh how have you been 1 year in Uni and not understood this topic. If people like you are my competition University is gonna be a breeze
@evanp.687
@evanp.687 4 года назад
Great video and examples! Thank you for not saying "this is a difficult concept" or "lots of people have difficulty with this" but saying that something can be "tricky" instead. Many people highlight the "difficulty" of a concept to the learner and discourage them before they even begin but you didn't, fantastic!
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Evan and cheers for the feedback!
@nathanielfrank9118
@nathanielfrank9118 3 года назад
Its unreal this is free, I am learning the same things in a $250 textbook for school. Thanks!
@nnuyenc4133
@nnuyenc4133 2 года назад
True love his vid
@badongdejoestar1861
@badongdejoestar1861 3 года назад
This is exactly what my professor is teaching me. Love Accounting so much!
@AccountingStuff
@AccountingStuff 3 года назад
That's great to hear! All the best in your studies :)
@DC-bq6uh
@DC-bq6uh 3 года назад
THANK YOU. SECOND YEAR BUSINESS ACCOUNTING STUDENT AND I WAS STRUGGLING BUT YOU GAVE ME HOPE OF PASSING ❤️💪🏾🎉
@AccountingStuff
@AccountingStuff 3 года назад
Good luck good luck good luck!!!
@KDO12392
@KDO12392 2 года назад
Tonight was the first time I had ever came across your videos and I am forever thankful for that. Your videos are short but yet very informative and so easy to understand versus being in a class for 16 weeks. I just enrolled back in school and this videos was such a great refresher. Amazing job, please don't stop!
@eveiregalo408
@eveiregalo408 Год назад
I just cant express my APPRECIATION FOR YOU SHARING YOUR KNOWLEDGE. THANK YOU! I already watched the accounting equation, journal entries, and now this one. THANK YOU!
@Oldag75
@Oldag75 4 года назад
I strongly recommend employing T-account visual analysis from the very beginning when learning accounting. And continuing that practice for the following, oh, 45 years of closing the books.
@osmacho
@osmacho 5 лет назад
I really apreciate the effort you put into every detail of the videos. I don't recall watching any educational videos to be so well explained and VERY WELL edited. You definetly know how to make a video a lot more enjoyable to watch. Great job man! I love your videos!
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks buddy that's kind of you to say!
@JasonSmith-xl9wd
@JasonSmith-xl9wd 2 года назад
I have watched about a dozen of your videos, and I want to say thank you. These are all well-produced, time-saving, and informative, not to mention a little funny. Keep up the great work!
@chrisolunga6628
@chrisolunga6628 Год назад
I have an accounting exam tomorrow and I stumbled across your videos. I genuinely thank you for helping me understand what I've been trying to get from my lectures in just a few minutes of watching your videos
@RQuiaios
@RQuiaios 3 года назад
This type of content does not get the deserved recognition! I can say with 100% certainty that you have the best accounting channel on youtube. Massive respect to you, your take to this subject is simple and effective, and even though it does not substitute the classes or the practice for an exam at least it encourages (me and other students) to give it a go and start. Thank you so much for making it easier! And keep up with the content
@AccountingStuff
@AccountingStuff 3 года назад
Thanks buddy! All the best with your studies :)
@hunterbunter7841
@hunterbunter7841 5 лет назад
James, thank you for breaking this down in such a simple way for us non-accounting folks. Great video!
@AccountingStuff
@AccountingStuff 5 лет назад
Hey Hunter, no worries at all!
@abbywarren3293
@abbywarren3293 Год назад
You’ve explained this in the most perfect way, I have my level 3 AAT exam coming up and this has absolutely saved me. Subscribed✅
@GirlArmy21
@GirlArmy21 2 года назад
Trying to learn 4 months of account in a couple hours/days. Your channel is a godsend. Learning so much. Easy to follow explanations.
@adrianhearle2076
@adrianhearle2076 5 лет назад
I had always wondered what double-entry bookkeeping and this provides a simple explanation and example. Excellent
@AccountingStuff
@AccountingStuff 5 лет назад
Cheers Adrian :)
@thugger5678
@thugger5678 4 года назад
its so Catchy and precise. After my exam, I am sending you a Glass Cleaner
@AccountingStuff
@AccountingStuff 4 года назад
Haha, just what I've been looking for! Good luck with your exam!!
@TerriCarey
@TerriCarey Год назад
I am taking Accounting as an online class, and these videos are SO MUCH MORE HELPFUL than the text and documents provided by the professor.
@pameladatan
@pameladatan 2 года назад
I am a college freshman in B.S. Accountancy and I could say that your videos helped me a lot especially in understanding the basics and of course for advance studying. I learned a lot and I definitely subscribed the first time I watched one of your vids. Thank you, James!
@rajisubramanium7342
@rajisubramanium7342 4 года назад
Thank you James. You have made it so simple that even a person like me with no accounting background could understand so well. Excellent job done !!!!
@AccountingStuff
@AccountingStuff 4 года назад
No worries Raji, great to hear it's making sense!
@thebluefrog951
@thebluefrog951 5 лет назад
I got the T-Account exercise 100% right on first try! Thank you for your videos. You are making this stuff so much easier to learn than anything in my class.
@AccountingStuff
@AccountingStuff 5 лет назад
Nice one!! Great to hear the you smashed the examples!
@akatinahat1148
@akatinahat1148 2 года назад
Hey! Just came across your channel.. can't tell you how much I appreciate the content. I'm doing an online course and I've been struggling, thinking constantly why the bloody hell did i think i could do this online,lol.. You've given me hope so THANK YOU!
@whenindoubtfindout125
@whenindoubtfindout125 2 года назад
Beyond Helpful! You explained these concepts with more detail and clarity than my current bookkeeping course! Many Thanks! 🙌
@shivangijoshi8803
@shivangijoshi8803 4 года назад
My 1st ever accounting tutorial online, and I've found the best channel that explains the ACCOUNTING STUFF so easily! Also, I love your deep blue eyes! Also I loved the way you actually had tea in between. haha. keep up the good work and thanks for making accounts so easy and fun for non-math background people like me! Lots of Love from INDIA.
@AccountingStuff
@AccountingStuff 4 года назад
Thanks Shivangi!
@lindaoulton7549
@lindaoulton7549 5 лет назад
James!!! I love your videos. I'm a tutor and keeping those students awake and excited can be tricky but the enthusiasm, quality of production and clearness of explanation in your videos is excellent. I'm so glad I've found your channel and I'll be using and promoting it whereever I can.
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks Linda, that would be much appreciated! It's great to hear that you are enjoying the videos.
@MicahSlavens
@MicahSlavens Год назад
I'm doing an executive MBA and needed this so much. Thanks for explaining things so clearly!
@user-ff7wf9dr1i
@user-ff7wf9dr1i Год назад
These videos are helping me so much as a beginner who relies on computer programs to think for me who is now taking an accounting class!!!
@dsgant1616
@dsgant1616 3 года назад
As many before me have said, the format and content you offer here is top notch and I’m just blown away by how much clearer it all is after watching a couple of your videos. My accounting professor is good, but she doesn’t hold a candle to your teaching. I’m excited to get through many more :)
@AccountingStuff
@AccountingStuff 3 года назад
Cheers! Great to hear that accounting is clicking for you. All the best with your studies!
@ZSD123ABC
@ZSD123ABC 5 лет назад
the production quality is to good for the subject
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks Sam!
@s4motivationalsgroup188
@s4motivationalsgroup188 5 лет назад
@@AccountingStuff way
@s4motivationalsgroup188
@s4motivationalsgroup188 5 лет назад
Way
@olugbenrosamuel
@olugbenrosamuel Год назад
Thank you, James. I learned a great deal in this 11 minutes, 7 seconds tutorial. This is the best explanation I have gotten on Debit and Credit. I have read through the comments below, and none is an exaggeration. They are totally correct.
@iamfabgirl7820
@iamfabgirl7820 Год назад
I earlier was thinking to drop accounting but I found your channel! Its truly a blessing!
@KatTietz
@KatTietz 3 года назад
I'm in a managerial accounting course as part of my MS in Business Information Technology. Balancing a full-time job and a fast-paced accounting course during COVID and it's many challenges has been... difficult. I found this video very helpful, and I have a found your other videos very helpful as well. Keep up the great work!
@AccountingStuff
@AccountingStuff 3 года назад
Cheers Kathryn, all the best!
@GREEN-SILVERSTREAMOFLIGHT
@GREEN-SILVERSTREAMOFLIGHT Год назад
@@AccountingStuff
@mhm1672
@mhm1672 4 года назад
Keep it up bro! I enjoyed watching every minute of this video, plus it actually helped. And yes T-Accounts are very useful in my opinion, cz I am studying for my FAR CPA exam and as I noticed, complicated questions can't be solved without mastering the basics of accounting such as T-Accounts and debits and credits. It really simplifies things and makes it easier to understand and answer correctly.
@AccountingStuff
@AccountingStuff 4 года назад
Cheers, it's great to hear that you enjoyed the video. Yes, T-Accounts are so helpful!
@infinity.1111
@infinity.1111 Год назад
the great part is that by the time you asked "is your head hurting yet?" you had already explained it so well that everything was making perfect sense. Thank you very much, so much easier watching your video that trying to learn this concept from the textbook. I appreciate the help!
@bristyakter8489
@bristyakter8489 Год назад
I love watching your video contents. Your teaching style is excellent. I don't get bored. Thanks for making these videos. Again thanks a lot.
@AccountingStuff
@AccountingStuff 5 лет назад
Do you find T Accounts useful? I still sometimes find myself writing these down from time to time
@728hannah
@728hannah 5 лет назад
thank you so much :)
@33fivers
@33fivers 5 лет назад
James, first of let me extend a big thank you for the way you breakdown these accounting topics. It is helping me a great deal with my accounting class. Is it possible that you can do an accounting topic on Reporting and Interpreting Property, Natural Resources and Intangibles.
@AccountingStuff
@AccountingStuff 5 лет назад
@@728hannah No problem!
@AccountingStuff
@AccountingStuff 5 лет назад
@@33fivers Hey mate, you are very welcome! Thanks for watching and cheers for the suggestion. I will bear that in mind when making future videos :)
@nectorfarid3924
@nectorfarid3924 4 года назад
thanks man great work you got yourself a new subscriber + viewer
@mdf3605
@mdf3605 3 года назад
u were sent from heaven to make mortals like me- understand finance easily. "Saint" Accounting Stuff- thank you for existing!
@AccountingStuff
@AccountingStuff 3 года назад
Thanks buddy :)
@jolenealley4877
@jolenealley4877 Год назад
I have my high school Accounting students use T-charts on every assignment possible. It helps so much! Thanks for your videos :)
@joshnethken7228
@joshnethken7228 5 лет назад
Needed a refresher for my summer Accounting II class that is absolutely brutal and only 8 weeks long. You're a life saver man, thanks so much! The quality of these videos is fantastic, it makes a boring subject so much more digestible and fun.
@AccountingStuff
@AccountingStuff 5 лет назад
No worries mate, all the best for Accounting II !
@TheMandolinn222
@TheMandolinn222 3 года назад
I'm so glad I found you. I'm SO confused by accounting and I have to pass this course in order to fulfill my Graduate degree in Environmental Sciences. You make things really easy to understand and enjoyable to learn about, thank you so much. I'm still really unclear however; on why debits & credits in the T-account and otherwise mean what they do - it seems counter-intuitive to call an asset a debit, and call a liability a credit, when I'm credited money back into my account, it means I am getting money back, but when I use my debit card to purchase something, I'm less that amount of money, why is it opposite in accounting? Should I just try and make sure I am recording opposite of what my intuition says? ahhh I feel so confused.
@AccountingStuff
@AccountingStuff 3 года назад
I used to get confused by this as well! I'd recommend watching this to clear things up... ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ddb65RudGi0.html
@nicolaigamesftw693
@nicolaigamesftw693 4 года назад
😲 You are very helpful and i would like to thank you for your knowledge I hope you succeed in your dreams because you really helped me build mine. Cheers 👍😌
@AccountingStuff
@AccountingStuff 4 года назад
No worries Nicolai, glad I could help! All the best!!
@ponnarasukrish9318
@ponnarasukrish9318 4 года назад
I have searched and seen so many videos on understanding debit and credit... This was the best. This doesn't stop at asking the viewers to remember the golden rules , but clearly explains the basics of those rules... The quirkiness of the video makes learning fun. Much appreciated. More power to you
@AccountingStuff
@AccountingStuff 3 года назад
Thanks Ponnarasu, I'm happy you enjoyed it!
@fozolegend4209
@fozolegend4209 2 года назад
this is truly amazing taking classes for days could not do what you did the dealer trick is amazing
@emmyayt
@emmyayt 4 года назад
😭 Your channel really did save me for my accounting class, I was so confused but I have a bit of a handle now thanks to these vids.
@AccountingStuff
@AccountingStuff 4 года назад
Best of luck with it!
@mariaimam2685
@mariaimam2685 5 лет назад
Best accounting channel on RU-vid
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks Maria! 🙏
@bcirnigliaro5769
@bcirnigliaro5769 2 года назад
sir you literally explained what I didnt understand from my accounting class from the first three weeks in 10 mins, thank you so much omg
@yomyomcam
@yomyomcam 2 года назад
Finally an explanation that actually makes sense, thanks a lot for sharing!
@amaljeeson3786
@amaljeeson3786 5 лет назад
Eagerly waiting for your next video.....
@AccountingStuff
@AccountingStuff 5 лет назад
It will be up shortly :)
@rlc529
@rlc529 4 года назад
I have a 2 hr and 45 min accounting class and I’ve learned more here than in that class the whole semester😭
@Rose-jz7xg
@Rose-jz7xg 2 года назад
Just started accounting ,this was extremely helpful !
@preciouschalwe6341
@preciouschalwe6341 Год назад
You made me understand your lessons in a short period of time am thankful for that you make accounting so easy
@benjaminvalenciano9012
@benjaminvalenciano9012 5 лет назад
Hey this was the first thing I learned freshman year in high school. Neat
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks Benjamin!
@mitchellmitchell6938
@mitchellmitchell6938 5 лет назад
Damn. Good stuff! What kind of high school did you go to??
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks Uilium
@travelwithrishi7121
@travelwithrishi7121 4 года назад
Thank you for this amazing video; as a high school student starting my undergrad studies in finance, this has really helped me a lot. However, I have a question, with regards to @8:29 when you credited $50 to the accounts payable account, can we not combine it with the loans payable account and simply call them Liability account? Because either way it is still being credited with $50 so all in all, the $200 and $50 are still on the right side of the 'Liability' account. Doing this way will reduce the number of accounts and thus make it less messy. Hope my query makes sense haha
@AccountingStuff
@AccountingStuff 4 года назад
Cheers, I'm glad you found this useful! To answer your question... we keep Accounts Payable & Loans Payable separate because they contain different types of transactions. Whilst this may lead to more accounts, it helps to keep things organised. You've got to imagine that big business's contain thousands of different transactions, so it's important to keep things granular
@maikelmarante8394
@maikelmarante8394 5 лет назад
Hey mate, just wanted to extend my thanks for these videos. You have literally turned my current licensure class of Business and Finance (For the purpose of becoming a contractor later on) enjoyable and so much easier to comprehend. Keep on!
@AccountingStuff
@AccountingStuff 5 лет назад
Hey Maikel, that's great to hear! Thanks and all the best!!
@wolfwinter6143
@wolfwinter6143 2 года назад
ahh ur such a legend bro so comprehensive I couldn't get what the teacher was teaching and I learnt all of it here in 11 mins cheers mate.
@sethers775
@sethers775 3 года назад
I basically tossed out my textbook and binged these to get through my accounting class.
@nancyseruya7792
@nancyseruya7792 3 года назад
his voice is so upbeat that i am actually starting to understand
@AccountingStuff
@AccountingStuff 3 года назад
Glad it's starting to click for you. All the best!
@laurenmullaly5764
@laurenmullaly5764 3 года назад
THANK YOU! I never comment on videos but I hope you get all the engagement! This series is exceptional and did more to help me in 12 minutes than reading my textbook for an hour did. Very thankful.
@AccountingStuff
@AccountingStuff 3 года назад
Thanks Lauren! Great to hear you're finding these helpful
@aishausman4261
@aishausman4261 Год назад
I skipped my accounting class actually I was really worried about that lecture but he explained it very well no words explain how helpful it was May God bless this man he is helping so many people
@melindavives5826
@melindavives5826 4 года назад
Make a video about contra accounts. Love your video! You teach it better than any professor I had.
@shubhadeepdas7191
@shubhadeepdas7191 5 лет назад
Nice👍👍👍
@AccountingStuff
@AccountingStuff 5 лет назад
Thanks!
@freddielo4330
@freddielo4330 Год назад
I majored in materials science and engineering, And I now starts my music production business, and start learning accounting for the first time. This is the only level I can understand. Thank you for making these basic videos, all of these are foreign concepts for me, and visualizing in this way is really helpful.
@spamsamwabam
@spamsamwabam 4 года назад
Just started my CA and needed a refresher on t-accounts for Cash Flow statements. You managed to squeeze a 3 hr lecture into 10 mins haha love it!
@AccountingStuff
@AccountingStuff 4 года назад
No worries Samantha! Not sure if you've seen this one yet... but I have a whole video on T-Accounts for Cash Flow Statements → ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-KOR10VPsyO8.html All the best with your CA!
@devranamaratungakaraca8034
@devranamaratungakaraca8034 5 лет назад
Sick 🙌
@AccountingStuff
@AccountingStuff 5 лет назад
Haha, thanks Dev!
@xmillion242
@xmillion242 3 года назад
im sick too
@ittsmaxi6556
@ittsmaxi6556 2 года назад
That tea you made should be a crime...
@jlei1995
@jlei1995 2 года назад
I wish my school had teachers like you. My teacher is so awful, she is making me hate my major. She spends 3 hours going over a topic without making sense and all it took for me to understand, was a small 11 minute video. You make it seem so simple. I'm totally going to pass this class with your help. Thank you, you have saved me so many headaches. My teacher makes this look so complicated and she gets upset when we ask questions. I will just come back here and watch all your videos to learn. Thank you!
@cutrijc
@cutrijc Год назад
Thank yooooou! Attempted a mock-assessment and got these the wrong way round - feel like I can give it another go now!
@joncolinas5609
@joncolinas5609 3 года назад
I would have preferred if those "T accounts" were in a form of "Accounting Equation": Assets = Liabilities + Stockholder's Equity. Then, all the transactions affecting cash are placed under Assets in the Accounting Equation. Then, all transactions affecting Liabilities are placed under Liabilities account in the Accounting Equation. Then all Capital accounts transactions like Common stock, Dividends, Revenue and Expenses are placed under the Stockholder's Equity in the Accounting Equation. This way, students will learn and know that Dividends and Expenses are Stock holder's equity accounts and at the same time reduce Stockholder's Equity. ASSETS = LIABILITIES + STOCKHOLDER'S EQUITY
@AccountingStuff
@AccountingStuff 3 года назад
Good point, thanks for your feedback!
@lamongoose6813
@lamongoose6813 8 месяцев назад
This is honestly my favourite youtube channel. I have learned so much within the month i've been watching your videos. I hope you never stop posting about accounting because i'll never stop watching. This channel also single handedly passed me an accounting exam too!!
@AccountingStuff
@AccountingStuff 8 месяцев назад
Congrats on passing, that's great to hear!
@sanyoshetty4684
@sanyoshetty4684 4 года назад
You’ve absolutely no idea how much this video has helped me!! I was struggling for almost a week understanding these concepts..! Today after you showed the transactions I tried to do it myself and I got it almost correct(couldn’t figure out the cost of sales thing) ..! Thank you so much for making these videos for beginners like me.. third video down let’s do this!!
@AccountingStuff
@AccountingStuff 4 года назад
No worries Sanyo! Great to hear it's making sense. I cover cost of sales in more detail in this video → ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-OB6RDzqvNbk.html
@workacc5270
@workacc5270 5 лет назад
Your account is gonna explode soon
@AccountingStuff
@AccountingStuff 5 лет назад
That would awesome, thanks for the support!
@jingkim9795
@jingkim9795 Год назад
Amazing teaching and super organizing way to explain confusing T account. Thank you so much!!
@daniellaleblanc6533
@daniellaleblanc6533 3 года назад
I have been struggling in my accounting class and a classmate posted this video. All I can say is thank you for helping this week’s lesson make sense in a short video. I am following to use these for the rest of my class!
@AccountingStuff
@AccountingStuff 3 года назад
Hey Daniella, I'm happy to hear the video helped. All the best with your studies!
@MUNEEROHCARENG
@MUNEEROHCARENG 2 года назад
Thank you for sharing, this is simply understanding how to address the accounting fields
@frankgarcia3486
@frankgarcia3486 2 года назад
Im watching your videos from oldest to newest .. your amazing thanksss bro!!!! Love the video editing !!!
@abdullahamir2940
@abdullahamir2940 Год назад
why this man doesnt have a million subscribers? he is the guru for sure. So many teachers taught me accounting, none of them even close to you !!
@calliwordss7543
@calliwordss7543 3 года назад
THIS HELPS ME A LOT ESPECIALLY IM GOING TO HAVE ACCOUNTING TEST TOMORROW!! THANKSSSSS
@josuegutierrez3906
@josuegutierrez3906 2 года назад
I am reviewing the principles of accounting and your videos are amazing for it.
@normaroxy5705
@normaroxy5705 3 года назад
Needed to refresh bookkeeping for a new job. Came here! Great! Very easy, fast and fun! Thank you! It was beautiful! I am ypur new fan.
@AccountingStuff
@AccountingStuff 3 года назад
Thanks Norma, we all need to refresh ourselves on the basics from time to time. Congrats on your new job!
@evecastillo9356
@evecastillo9356 2 года назад
I was struggling during this concept. Now it just makes sense. Thank you.
@user-ro9cv4sl4n
@user-ro9cv4sl4n 9 месяцев назад
Your DEALER concept is a game changer! Thank you for sharing this, it makes a lot more sense now.
@AccountingStuff
@AccountingStuff 9 месяцев назад
Glad you're finding it useful!
@melitobandito8969
@melitobandito8969 3 года назад
Dude, I am so grateful for your videos. Definitely subscribing. I am about to launch my business and want to do it properly as I am doing my own bookkeeping for now. These videos are so helpful. You do a great job of making it simple and fun so I don't get lost in the jargon. Thank You!
@AccountingStuff
@AccountingStuff 3 года назад
No worries, best of luck with your new business!
@soulcake76
@soulcake76 3 года назад
Dude, now I totally get T accounts-you made it so easy to understand! This will be my 3rd attempt to pass accounting and now I’m confident! Thank you!
@AccountingStuff
@AccountingStuff 3 года назад
I believe in you! Good luck!!
@faithbillion7089
@faithbillion7089 2 года назад
You explained this is in a simple and understanding way My teacher only complicated this to the point I wanted to give up I'm so grateful I found your page,I'm telling everyone in my class to also subscribe ! Thankyou so much !
@philippabaker9069
@philippabaker9069 4 года назад
This is great. I'm dyslexic and have spent the past year wading through books with limited success. This has clarified things. What a skill you have for making a complicated and daunting topic understandable and enjoyable! thank you
@AccountingStuff
@AccountingStuff 4 года назад
Hey Philippa, I'm dyslexic too! Sometimes it helps to see things visually laid out instead for reading the information
@duckyanna9852
@duckyanna9852 2 года назад
this really helped for my upcoming accounting exam, thank you so much!
@abrahamillescas8989
@abrahamillescas8989 2 года назад
I'm a fresh beginner accounting student, this surely will help me a lot during my preparation summarizing all the crucial information while I'm studying rather than read thoroghly extensive passages in thick books, cheers
@shaileshkothari2439
@shaileshkothari2439 3 года назад
Oh my god!I finally understood debit and credit.To smoothen it,I need to practice.But I can't thank you enough.Just thank you so much for making short and precise,high quality content vids, your lectures are very interesting and not boring like others.You've got a new subscriber.Keep it up👍
@AccountingStuff
@AccountingStuff 3 года назад
Nice one! Great to hear it's making sense
@samhume6844
@samhume6844 2 года назад
Really helped me wrap my head around T-accounts and Double-entry Bookkeeping. Really great content, Thankyou!
@AccountingStuff
@AccountingStuff 2 года назад
Great to hear!
@tevitatalanoa9880
@tevitatalanoa9880 4 года назад
Just stumbled on your videos today, and it's Amazing hence why I quickly subscribed. I'm currently on my final year of studying accounting, your details and the way you explain, is very simple, easy to understand, and it is on point!! You are doing an amazing job with your videos, love that you incorporated the cleaning business with its side effects, it just makes your video more interesting!! Love it that you have a goal at the begining, you explain them and then you revise them at the end!! Well done!!! Quick learning!! Keep up the awesome work that you do.
@AccountingStuff
@AccountingStuff 4 года назад
Hey, thanks for your kind feedback. It's great to have you as a new subscriber. I hope you learn some useful stuff!
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