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)
