UNRAVEL the Mystery of Debits and Credits - Accounting Basics - Part 1

Do you want to know the trick to remebering how debits and credits work in accounting? Debits and credits are the foundation of bookkeeping and accounting and in this video we make it easy to learn with our simple explanation of debits vs credits.

00:00 UNRAVEL the Mystery of Debits and Credits - Accounting Basics - Part 1
00:07 Debits and Credits Made Easy
01:31 Recording Debits and Credits
03:17 How Debits and Credits Work
04:13 Rules of Debits and Credits
04:25 Debits and Credits Examples
04:33 Sale Transaction Debits and Credits
07:37 Expense Transaction Debits and Credits
09:28 Debits and Credits in Accounting

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This video is the first of a series of four video tutorials on accounting basics for small business owners:
* Part 1 -    • UNRAVEL the Mystery of Debits and Cre...  
* Part 2 -    • Why You NEED to Know The Five Account...  
* Part 3 -    • DISCOVER the Magic of T Accounts - Ac...  
* Part 4 -    • The SIMPLE TRICK to Double Entry Book...  

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Please note that Bullseyemoney is not a financial or tax adviser. Our videos are here to inform you and the information provided does not constitute financial, taxation, legal, business or other professional advice and should not be relied upon as such. Bullseyemoney is not liable or responsible for any financial, tax, legal, business or other decisions you make. If you are looking for advice, you should seek a suitable and qualified adviser.