Debit and Credit Explained | Accounting Basics

In this basic accounting lesson, we look at the double-entry accounting concept. We explain what Debits and Credits are and the accounts that are debit and those that are credited. We also show examples of accounts that will be debited and those that will be credited.

We explain what and give examples of Assets, Equity, Liability, Income, Expenses, and Owner's Drawings.

How to easily Remember DEBITS and CREDITS | Simple Tip: https://youtu.be/_AKoCgOlTcw

Accounting Equation Explained | Accounting For Beginners: https://youtu.be/0H506eq8DZQ

General Journal Explained With Examples | Accounting Basics: https://youtu.be/DjONzUPnhkM

Check out other straight-forward examples on our channel.

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