Free Accounting Course – Part 3 – Double Entry Accounting #b…

Free Accounting Course – Part 3 – Double Entry Accounting #bookkeepingcourse #doubleentry
This is the 3rd video clip in my free of charge on-line bookkeeping program. This training course shows the principles of dual entrance bookkeeping.

This video clip covers dual access – credit scores and also debits.

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This is the 3rd video clip in my free on-line audit training course. This training course shows the principles of dual access bookkeeping.

26 thoughts on “Free Accounting Course – Part 3 – Double Entry Accounting #b…

  1. So regarding assets n liabilities. If company buy company car with a loan do I log value asset n the outstanding loan amount as a liability

  2. I am really Thanks to you for 😊🙃 your clearly understanding spiking just the perfect teacher and I’m the one of likest person to find your lessons about book keeping

  3. Ok my question is where are you getting the account names? In the first example the transaction was called capital introduced then in the credit side you put capital. Do you just make up names?

    1. Capital introduced and capital are the same accounts. Thanks for watching

    2. @BookkeepingMaster I am strongly considering taking your full course, what does the 65.00 in euros equal in American cash? and the total cost of the course? It looks like euros are 1.0882 per cash dollar, just need to make sure.

  4. Thankyou for offering this. I am currently studying via online learning. Amd am totally lost and confused with it. Your explanations are so much simpler

  5. So an expense like insurance is a debit because you get protection in return? Or what is the reason? Sorry, I’m recently taking classes

    1. Hi. Insurance would be an expense, so debit. I hope this helps. Thanks for watching.

  6. I struggle with the Debit and Credit. I can’t help comparing it to using the literal translation. Why is Sales a Credit. (Credit defined as :leaving the account.) I would think that Sales is a Debit = money coming into the account. FYI…Enjoying the video. Thanks.

    1. Hi. Yes, the sale coming into the bank is a debit, but that is just one side of the transaction. The actual posting of the sale is a credit – debit the bank, credit sales. Thanks for watching.

  7. Can equity be thought of as capital as well, or is equity different? If different, what makes it different?

  8. Thank you very much for the explanation very easy to follow. Really appreciate it. New subbie 🙂

  9. Debit = Money In, Credit = Money Out so if you follow this rule than the accounts will be correct.

  10. I understood credit to be an asset and debit to be a liability. Credit adding to the account as in a sale or deposit. Debit paying a bill. Is this incorrect???

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