Debits & Credits in Accounting | Journal Entries Examples | Accounting Basics
In this basic accounting lesson, we explain what the General Journal is, why we record transactions on the General Journal, and how to record the transactions. We go through various Journal Entries examples where we record accounts such as inventory, bank, accounts payable, loans, equipment, depreciation, and accumulated depreciation.
How to easily Remember DEBITS and CREDITS | Simple Tip: https://youtu.be/_AKoCgOlTcw
Debit and Credit Explained | Accounting Basics: https://youtu.be/qBTpJSiAJBw
Accounting Equation Explained | Accounting For Beginners: https://youtu.be/0H506eq8DZQ
General Ledger (T Accounts) | Explained with Examples: https://youtu.be/3b4qFwLU3ZE
Other Journal entry Examples:
Depreciation & Accumulated Depreciation Journal Entry and Balance Sheet Recording: https://youtu.be/oBfFP_nFxsM
Sales On Credit - Perpetual Inventory System Journal Entry: https://youtu.be/krhLje8L4IA
Perpetual Inventory System Explained with Journal Entries Example: https://youtu.be/l_Nxoqsyf-Q
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