T Accounts Explained SIMPLY (With 5 Examples)

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Accounting Basics Lesson 3 - T Accounts Explained. This episode of Accounting Basics for Beginners will give you the full run down of how T Accounting works and why they are so useful in visualising accounts. T Accounting made easy is Accounting Basics Lesson 3 and will each you an easy way to learn T Accounting.

What is a T Account and why are they used? You'll get the answers to these questions in this video, along with 5 examples to help you understand T Accounting.

T Accounting made easy so you'll be able to use them in practice and get value out of them when studying accounting. Debits and Credits in a T Account don't have to be daunting. This video will show you the easy explanation of the T Account to help you with you studies.

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⏱️TIMESTAMPS
00:00 - Intro
01:03 - What is an Account?
01:13 - What is a T-Account?
01:35 - What is the General Ledger?
01:43 - What does a T-Account look like?
02:07 - Simple way to remember Debits and Credits
02:35 - How does a T-Account work?
03:59 - Why do we use T-Accounts?
04:30 - What is Double-Entry Bookkeeping?
05:12 - T-Account Examples and Solutions
10:04 - Recap

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