ACCOUNTING BASICS: LESSON 1: DEBITS AND CREDITS

Description:

In this video we teach you accounting basics. How debits and credits works

 

Video:


 

Table of contents:

 

  • 00:00:39 – Debits left side, credits right side (with example)
  • 00:01:20 – Dea/ler acronym (Dea: dividends, expenses, assets; Ler:  liabilities, equity or owners capital, revenue or sales)
  • 00:02:45 – Debit accounts (increased, left side) ; Credit accounts (increased, right side) and viceversa
  • 00:03:23 – Total debits = total credits
  • 00:04:03 – Example (journal entry in QuickBooks Online)
Hector Garcia

Hector Garcia

Share on linkedin
Share on facebook
Share on twitter
Share on whatsapp
Share on email
Share on print

Use our link to get 30% off for a year, valid through 07/31/2022

Leave a Reply

Your email address will not be published.



Popular Courses

Private QuickBooks Training onsite

Customized Training

Accounting & Bookkeeping Services

Video-Based Virtual QuickBooks Course

Share

Share on linkedin
Share on facebook
Share on twitter
Share on whatsapp
Share on email
Share on print

30% Off QuickBooks

Use our link to get 30% off for a year, valid through 07/31/2022