Learn Accounting from scratch (Crash Course) - Master Debits and Credits: Never be wrong again!

Are you confused by the rules of debits and credits in accounting? You're not alone! In this video, I will simplify the essential accounting concepts of debits and credits so you can finally master them with confidence. Watch: Accounting Crash course: https://youtu.be/hTU6HE64Wd0 Undergrad accounting assignment solution: https://youtu.be/_-K9A1iyOhc FP&A Playlist: https://www.youtube.com/playlist?list=PLcRqJFBzcNZWuJmu96M_SFbUIHAJ2aLZu 00:00 Introduction 00:35 Right hand rule for debit and credit (ALICE) 03:20 Examples of Debit and Credit entry 06:04 Logic behind Debit and Credit Whether you’re just starting out or need a quick refresher, this guide will break it all down in easy-to-understand terms. We'll cover the ALICE method and the right-hand rule, making these tricky topics clear once and for all. By the end of this video, you'll understand how to record transactions correctly in the books, and you’ll no longer be puzzled when balancing accounts or preparing financial statements. Course Alert: If you would like to learn in detail, how to calculate income statement variances and the impact they have on sales $, profit $ and profit margin % and ebitda %, and how to explain performance vs budget and prior periods, click on the link for a detailed video course (at a special price). You will also learn how to analyse and present the results of the variances to management and will be able to download solved variance calculation Excel templates. https://payhip.com/b/uTXNO Download Solved Excel file (only) with variance calculations and waterfall charts at: https://payhip.com/b/o5SAK In this video, you’ll learn: The golden rules of accounting: What is a debit, and what is a credit? How to apply the ALICE method to easily distinguish between assets, liabilities, income, capital, and expenses. Real-world examples of debits and credits in action. Common mistakes to avoid and how to keep your entries accurate. Practical tips for using the right-hand rule to ensure you're on the right track every time. If you’ve ever felt lost or overwhelmed by accounting principles, this video is for you! Hit that play button, and let’s take the confusion out of debits and credits once and for all. Don’t forget to LIKE, SHARE, and SUBSCRIBE to the channel for more simplified accounting tips and tutorials to boost your financial knowledge! Leave a comment below with any questions or accounting topics you’d like me to cover next! Videos you may like: Learn sales and profitability analysis in detail here: https://youtu.be/CNx1Xu3DWVY Gross profit and gross profit margin explained: https://youtu.be/Px4pEhiTRdI How calculate selling price and profits on Etsy: https://youtu.be/WsrdSr_IIhM Standard Margin and Actual Margin - the Difference: https://youtu.be/p-Vbqh_j-ZY How calculate selling price and profits on Etsy: https://youtu.be/WsrdSr_IIhM Some Recommendations: Are you a First Time or New Manager? Check this out: https://amzn.to/35qWzLc Learn pivot table data crunching business skills here: https://amzn.to/3lgYB5E Learn all about Excel in one place: https://amzn.to/3laCXQx Learn what financial numbers really mean here: https://amzn.to/2HPYDUI Accounting explained in 100 pages or Less: https://amzn.to/3rCProc Note: At no extra cost to you, I may receive some commission if you purchase using the links above. Hope you find the information in the video helpful. If you like to watch more videos in accounting, financial analysis and controller ship, videos that help you directly in doing your job, subscribe to my channel. If you liked the video, I would love if you could LIKE it and leave a comment. If you have any questions or feedback, again leave a comment. Lets stay connected at #learnaccountingfinance. #AccountingBasics #DebitsAndCredits #Accounting101 #LearnAccountingFinance #BookkeepingTips