Accounting Test Practice - Debits & Credits

In this video i did an Accounting practice test focusing on Debits and Credits. BEST ACCOUNTING PLAYLIST IN THE WORLD    • Accounting for Beginners / Basics / T...  

MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.

Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4... Debits and Credits / Assets = Liabilities + Equity

Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJ... Basics / Accounting Equation

Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEE... Journal Entries / Beginner Tips

Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1Dt... Income Statement / Revenue - Expenses

Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBF... The Balance Sheet / Basic Tutorial

Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3m... Putting an Asset on the Balance Sheet

Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udC... Depreciating an Asset / Basics

Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgp... Depreciation Expense / Basics

Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6P... Accounts Receivable / Basics

Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_... Accounts Payable / Basics

Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9H... Fifo and Lifo Inventory / Basics

Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1T... 1 Journal Entry With 2 Assets / Basics

Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0... Accounting Study Guide / Template

Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9em... Journal Entry with Cash / Expense

Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtA... Journal Entry With Cash / Revenue

Accounting For Beginners #16 https://www.youtube.com/watch?v=1Yrcj... Debits & Credits / Negative Asset

Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1h... T-Accounts / Debits and Credits / Accounting 101

Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPz... What is a Draw? / Withdraw / Distribution / Dividend / Equity

Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j0... Don't Abbreviate / Accounting 101 / Basics

Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVI... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses


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