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ACCOUNTING CONCEPTS | DOUBLE ENTRY SYSTEM PART 1
 
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To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] In this video I have tried to explain the Double Entry System of recording transactions in Accounts and how a transaction can be decoded into 2 aspects which are the debit and the credit. LINK TO PART 2 https://youtu.be/9Xf2ecaN33A Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 54378 The Commerce Tutor
Double-entry Accounting and Bookkeeping principles explained in simple terms.
 
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Double-entry accounting is really very simple provided you follow the rules in the video. Learn more and take the 12 week online accounting course please visit: https://accountingforeveryone.com Everything starts with a Source Document. That is usually an invoice for something you have sold or a receipt for something you have bought. Each Source Document is copied into your double-entry system by creating Transactions. A Source Document always contains at least one complete transaction, and depending on your accounting system sometimes more. A double-entry transaction consists of a minimum of two Entries. That is, each transaction you create must have at least two entries. Each entry contains either a Debit or a Credit. Debits and Credits are amounts of money. For a Transaction to be true to the double-entry principle, two rules must be obeyed: 1. The entries involved must contain at least one Debit and at least one Credit. 2. The value of all the Debits must equal the value of all the Credits. Each entry must consist of a minimum of four pieces of data as follows: 1. Date 2. Reference (so it can be identified with a source document) 3. Amount (known as a Debit or a Credit) 4. Account (whose balance will be increased or decreased by the amount depending on whether it is a Debit or a Credit) Every transaction tracks an amount of money from one account to one or more other accounts. As long as the Debit amounts equal the Credit amounts, then we know that all the money has been accounted for. The idea that we are doubling the amount of data by making two entries is a myth. The two (or more) entries merely record the flow of money from one account to another. That is its sole purpose. It is called Double-entry because two entries are the minimum required to record the two accounts involved in every transaction. For example, buying a computer for your business involves your Bank and your Equipment accounts. Once the transaction has been entered, a look at your books will show how much you have left in your bank and how much you have spent on equipment. If you don't know these things, it is unlikely your business will stay profitable as you will have no idea what is going on. This is why double-entry accounting is used universally around the world and has been in existence for many thousands of years. To find out more about double-entry accounting and bookkeeping please visit https://accountingforeveryone.com Please also subscribe to this channel to get further simple updates to double-entry accounting so you can further your career or get your business in shape.
Views: 47066 Quentin Pain
Double entry Book keeping explained in 10 minutes
 
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Questions and links to videos are available on the following website: https://danielkingaccounting.wordpress.com/
Views: 39910 Daniel King
Accounting Equation - Double entry book keeping(Dual Aspect Concept):- by kauserwise
 
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▓▓▓▓░░░░───CONTRIBUTION ───░░░▓▓▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Paypal a/c : www.paypal.me/kauserwisetutorial [Every contribution is helpful] Thanks & All the Best!!! ─────────────────────────── Here is the video about Accounting Equation - Double entry book keeping(Dual Aspect Concept)with solved problem To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu
Views: 258053 Kauser Wise
What is Double-Entry System | Accounting | MBA in Pills | 4wMBA
 
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As any other language, the accounting system has its own. Indeed, in accounting in order for you to record a transaction you have to use the double-entry system. Double entry means that each single transaction needs to be recorded twice, on the left side if debited and on the right side if credited. Usually, when you think of debit or credit in real life is different compared to debit or credit in accounting. In fact, debit does not mean that you have a debt to be paid back; neither credit means that you have money to receive. Check out our website at www.fourweekmba.com Subscribe to our youtube channel, to stay up to date with our content in the future.
Views: 45641 The Four-Week MBA
Double Entry Bookkeeping - Key Principles
 
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Entry for the AAT Video Competition. - Under 3 minutes, as stated in the terms and conditions. - Music by Kevin MacLeod (incompetech.com). Licensed under Creative Commons. - Pictures in the public domain, from Yank magazine via Wikimedia Commons. Pin-ups are Irene Manning, Deanna Durbin, Pat Clark, Donna Reed, Cindy Garner, Jean Trent and Gloria Anderson.
Views: 9203 SuperLucyLastic
Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity
 
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https://www.youtube.com/playlist?list=PLT-zZCow6v8t5_2RQDnAOQHfQiBYDw26z BEST ACCOUNTING PLAYLIST ON YOUTUBE !!!!!!!! This is a great Accounting tutorial for the Basics of Accounting for beginners. 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. Help Support the channel by using one of my links. The Amazon link is my favorite, it is the same experience and same price for you, and i get a small kickback for purchasing goods from my amazon link. THANK YOU FOR YOUR SUPPORT. Amazon Affiliate Link: https://amzn.to/2MS2OMg CHANNEL OPTIMIZATION https://www.tubebuddy.com/CPASTRENGTH NEED PAYROLL FOR YOUR COMPANY https://gusto.com/r/SAtdL Accounting For Beginners #1 https://www.youtube.com/watch?v=_pTU4gwmcMs Debits and Credits / Assets = Liabilities + Equity Accounting For Beginners #2 https://www.youtube.com/watch?v=0--jJn6zqfg Basics / Accounting Equation Accounting For Beginners #3 https://www.youtube.com/watch?v=YXFEEr3qHIo Journal Entries / Beginner Tips Accounting For Beginners #4 https://www.youtube.com/watch?v=Yy1DtVND7yo Income Statement / Revenue - Expenses Accounting For Beginners #5 https://www.youtube.com/watch?v=fEtBFB_Nq-o The Balance Sheet / Basic Tutorial Accounting For Beginners #6 https://www.youtube.com/watch?v=XyB3mmzQ_jU Putting an Asset on the Balance Sheet Accounting For Beginners #7 https://www.youtube.com/watch?v=H4udCOiU8i8 Depreciating an Asset / Basics Accounting For Beginners #8 https://www.youtube.com/watch?v=xjXgpnUEgFI Depreciation Expense / Basics Accounting For Beginners #9 https://www.youtube.com/watch?v=QFV6PGIMT5M Accounts Receivable / Basics Accounting For Beginners #10 https://www.youtube.com/watch?v=xQ0u_QocSO4 Accounts Payable / Basics Accounting For Beginners #11 https://www.youtube.com/watch?v=tFA9HD3-7SI Fifo and Lifo Inventory / Basics Accounting For Beginners #12 https://www.youtube.com/watch?v=Z-g1Tnf3oi4 1 Journal Entry With 2 Assets / Basics Accounting For Beginners #13 https://www.youtube.com/watch?v=ds2Y0MxzMBA Accounting Study Guide / Template Accounting For Beginners #14 https://www.youtube.com/watch?v=BU9emeoLKX0 Journal Entry with Cash / Expense Accounting For Beginners #15 https://www.youtube.com/watch?v=kwCtASXQRLU Journal Entry With Cash / Revenue Accounting For Beginners #16 https://www.youtube.com/watch?v=1YrcjlHFBZ0 Debits & Credits / Negative Asset Accounting For Beginners #17 https://www.youtube.com/watch?v=amf1hyptG70&t=25s T-Accounts / Debits and Credits / Accounting 101 Accounting For Beginners #18 https://www.youtube.com/watch?v=18zPzkMbS2c What is a Draw? / Withdraw / Distribution / Dividend / Equity Accounting for Beginners #19 https://www.youtube.com/watch?v=r43j010KT58 Don't Abbreviate / Accounting 101 / Basics Accounting For Beginners #20 https://www.youtube.com/watch?v=yXJVISZA8yU Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses Accounting For Beginners #21 https://www.youtube.com/watch?v=CK9NgJoqJa4 T Account Example / Accounting Tutorial Accounting For Beginners #22 https://www.youtube.com/watch?v=EC93RsvgK9E&t=25s Trial Balance Unadjusted / Accounting Basics Accounting For Beginners #23 https://www.youtube.com/watch?v=-9-LAnE61lw&t=25s Cash in a Bank Account / Checking Account / Basic Accounting Accounting For Beginners #24 https://www.youtube.com/watch?v=aUjVslkn4HI&t=25s Does The Transaction Increase Assets / Accounting Basics Accounting for Beginners #25 https://www.youtube.com/watch?v=zKreBUTJx5E&t=25s Accounts Receivable Example / Accounting 101 / Accounting Basics Accounting For Beginners #26 https://www.youtube.com/watch?v=66YddsOGau0&t=312s Reducing Accounts Receivable / We got Paid / Accounting basics #Accounting #Exercise #CPA #Accounting #Exercise #CPA
Views: 1751599 CPA Strength
Accounting Basics Lesson 3.1: How Does Double-Entry Accounting Work, What are Debits and Credits
 
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http://Freeaccountingschool.com. In this tutorial, Daniel Dickson answers the following questions: How does Double-Entry Accounting Work? What is an accounting account? What are Debits? What are Credits? Also, Daniel Dickson goes over an example of how double-entry accounting (also known as double-entry bookkeeping) works in real life.
Views: 217930 Daniel Dickson
Double Entry System Part 2 | Accounting Equation | Modern Approach for Rules of Debit and Credit
 
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To support you can donate via PAYTM by following this link http://p-y.tm/PdIMBe8d7 OR via upi at [email protected] In this video I have tried to explain the derivation of the Accounting equation from the double entry principle and also discussed the rules for determining the debit and credit aspect of a transaction as per the modern approach. Link to Part 1 https://youtu.be/BaBcqiLDW8g Thanks for watching my videos. Support, Share and Subscribe! Gear I use: For writing on screen: http://amzn.to/2wSA955 Microphone : http://amzn.to/2w8ktKk Laptop: http://amzn.to/2wJo8jd Link for my facebook page: https://facebook.com/thecommercetutor Website: http://www.thecommercetutor.com
Views: 12844 The Commerce Tutor
The Double Entry Principle   The Core Principle of Bookkeeping
 
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"If you’re trying to prepare for an eventual career in finance, but are still looking to round out your knowledge of the subject, The Complete Financial Analyst Course might be a perfect fit for you.", Business Insider "A Financial Analyst Career is one of the top-paying entry-level jobs on the market.” "Even in the toughest job markets, the best candidates find great positions.", Forbes You simply have to find a way to acquire practical skills that will give you an edge over the other candidates. But how can you do that? You haven’t had the proper training, and you have never seen how analysts in large firms do their work ... Stop worrying, please! We are here to help. The Complete Financial Analyst Course is the most comprehensive, dynamic, and practical course you will find online. It covers several topics, which are fundamental for every aspiring Financial Analyst: Microsoft Excel for Beginner and Intermediate Users: Become Proficient with the world’s #1 productivity software Accounting, Financial Statements, and Financial Ratios: Making Sense of Debits and Credits, Profit and Loss statements, Balance Sheets, Liquidity, Solvency, Profitability, and Growth Financial Ratios Finance Basics: Interest Rates, Financial Math Calculations, Loan Calculations, Time Value of Money, Present and Future Value of Cash Flows Business Analysis: Understanding what drives a Business, Key Items to be Analyzed and their Meaning, the Importance of Industry Cycles, Important Drivers for the Business of Startup, Growth, Mature and Declining Companies, Important Drivers for an Industry Capital Budgeting: Decide whether a company's project is feasible from a financial perspective and be able to compare between different investment opportunities Microsoft PowerPoint for Beginner and Intermediate Users: The #1 tool for visual representation of your work, a necessary skill for every Financial Analyst As you can see, this is a complete bundle that ensures you will receive the right training for each critical aspect. Here comes the fun part! We have a challenge for you! After covering each major roadblock, you will be asked to solve a challenge. You will: Calculate a company’s sales in Excel Register its bookkeeping entries for 2015 and produce useful financial statements + calculate financial ratios Calculate a complete loan schedule for the company’s debt Analyze the company’s business performance Create a PowerPoint presentation based on the results Receive personalized feedback Receive a gift Participate in our monthly Amazon Gift Card Lottery(!) Sounds interesting, right? At the end of the challenge, you will send us the work you’ve done, and we will reply with personalized feedback. This makes for an interactive student experience that optimizes what you will learn from the course. What makes this course different from the rest of the Finance courses out there? High quality of production: HD video and animations (this isn’t a collection of boring lectures!) Knowledgeable instructor (experience in companies like Pwc and Coca-Cola) Complete training: We will cover all major topics and skills you need to become a top-class Financial Analyst Extensive Case Studies: To help you reinforce everything you’ve learned Course Challenge: Solve our Course Challenge and make this course an interactive experience Excellent support: If you don’t understand a concept or you simply want to drop us a line, you’ll receive an answer within 1 business day Dynamic: We don’t want to waste your time! The instructor keeps up a very good pace throughout the whole course Why should you consider a career as a Financial Analyst? Salary. A Financial Analyst job usually leads to a very well-paid career Promotions. Financial Analysts acquire valuable technical skills, which makes them the leading candidates for senior roles within a corporation Secure Future. There is high demand for Financial Analysts on the job market, and you won’t have to be concerned about finding a job Growth. This isn’t a boring job. Every day, you will face different challenges that will test your existing skills Please don’t forget that the course comes with Udemy’s 30-day unconditional, money-back-in-full guarantee. And why not give such a guarantee, when we are convinced the course will provide a ton of value for you? Just go ahead and subscribe to this course! If you don't acquire these skills now, you will miss an opportunity to separate yourself from the others. Don't risk your future success! Let's start learning together now! Who is the target audience? People who want a successful career in Finance Anyone who wants to learn the practical skills of Financial Analysis People who are ambitious and want to learn faster than their peers https://www.youtube.com/playlist?list=PL_H8SEcfTAXkGKvfYaBniT0boAwMkRqHt&disable_polymer=1
Views: 2 EpicCourse
Double Entry System | Bookkeeping | जानें Double Entry के क्या है
 
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Double Entry System | Bookkeeping The double entry system of accounting or bookkeeping means that every business transaction will involve two accounts (or more). For example, when a company borrows money from its bank, the company's Cash account will increase and its liability account Loans Payable will increase.
Views: 25332 Rachna Study Studio
Double entry explained.flv
 
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Views: 106782 GPASolutions1
Double Entry Accounting System Explained 101 - Accounting Equation
 
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Double entry accounting system represented with the accounting equation, assets = liabilities + equity. Double entry accounting system can be represented 3 ways. The accounting equation will be an introduction to the double entry accounting system followed by the double entry accounting system being represented with a balance sheet and then the double entry accounting system being represented with debits and credits. For more accounting information and courses see our website. http://accountinginstruction.info/courses/ Related videos https://youtu.be/EPoXvpO8a2Q Why Learn Accounting - Financial Accounting / Managerial Accounting https://youtu.be/uaWDB1YdA1k?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Double Entry Accounting System Explained - Accounting Equation https://youtu.be/66e9QbrkE4g?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Cash vs Accrual - Cash Method / Accrual method differenc https://youtu.be/i2O0cexCrqc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Revenue Recognition Principle https://youtu.be/M_pauBGz5Jc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI Double Entry Accounting System Explained - Balance Sheet https://youtu.be/kOItl8E3fNA?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Income Statement Introduction https://youtu.be/1k11H8icQxc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Accounting Objectives - Relevance Reliability Comparability https://youtu.be/mO8tPzFmN8o?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Transaction Rules - Accounting Equation https://youtu.be/0vy6W_WTO2I?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Transaction Throught Process / Steps - Accounting Equation https://youtu.be/SlTo3EXDuqU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Owner Deposits Cash Transaction Accounting Equation https://youtu.be/lPZoImc88eU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Work Completed for Cash Transaction Accounting Equation https://youtu.be/ll5xIHVdrVs?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 100.110 Pay Employee with Cash Transaction Accounting Equati https://youtu.be/bSa3NuVpkwc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 200 Debits & Credits Normal Balance - Double Entry Accounting Sy https://youtu.be/alSWKuWPlxU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 200 Debits & Credits - One Rule to Rule Them All https://youtu.be/RL3BFjL1eyE?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI
Double Entry System | Dr. Shuchi Singhal
 
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Dr. Shuchi Singhal, Associate Professor, ISIM, Jaipur
Views: 5273 vmouonline
Double entry bookkeeping - Part 2 - accounting principles
 
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http://accountingcollege.co.uk/
Views: 597 Accounting College
What is Double Entry Bookkeeping
 
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A fantastic video by ii wr that shows the basic principles of Double Entry Bookkeeping. Please note that this is not our video and we do not claim to own it. It was made by ii wr (http://www.youtube.com/user/3minstermsandcondit) and is here for educational purposes.
Views: 437 Robyn Bolt
Double Entry System
 
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Class - XI Accounts - Double Entry System For more videos visit: Myepathshala.com
Views: 982 Anurag classes
What are the principles of double entry bookkeeping
 
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What are the principles of double entry bookkeeping - Find out more explanation for : 'What are the principles of double entry bookkeeping' only from this channel. Information Source: google
Double Entry Accounting System
 
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The double entry accounting and bookkeeping system explained. The double entry accounting system requires every bookkeeping transaction to be recorded in at least two places (accounts) using a debit and a credit. Free Accounting & Bookkeeping Help http://www.dwmbeancounter.com In a nutshell, my site Bean Counter is primarily an accounting educational and training site that offers free beginning bookkeeping and accounting tutorials, courses, exams, tests, quizzes, and games with a dose of humor injected.
Views: 8814 Bean Counter
Key Principles of Double Entry Bookkeeping- Competition
 
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A short, quirky animation highlighting the Key Principles of Double Entry Bookkeeping. Enjoy!
Views: 841 Kiren B
Rules of Double Entry System
 
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Rules of Double Entry System - BENEFICIAL FOR BBA,COMMERCE STUDENTS,BCOM,MBA AND MCOM
Views: 1337 Shashi Aggarwal
1091. Double Entry System of Accounting
 
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Visit our website www.arinjayacademy.com for Hindi,  Maths, Accounts, CA Final International Tax, Direct Tax at following links  Hindi Class 6 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-हिंदी-व्याकरण-class-6/ Hindi Class 7 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-7/  Hindi Class 8 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-8/ Hindi Class 9 and Class 10 Notes, click -  https://www.arinjayacademy.com/hindi-vyakaran-class-10/ Maths Class 3 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-3/ Maths Class 4 Notes, click -  https://www.arinjayacademy.com/maths-class-4/ Maths Class 5 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-5/  Maths Class 6 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-6/  Maths Class 7 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-7/  Maths Class 8 Notes, click -  https://www.arinjayacademy.com/practice-maths-grade-8/ Accounts Class 11 Notes, click - https://www.arinjayacademy.com/accounts_class-xi/ Accounts Class 12 Notes, click  -  https://www.arinjayacademy.com/accountancy-class-12/  CA Final International Tax Notes, click -  https://www.arinjayacademy.com/ca-final-elective-paper-6c-international-tax/ Transfer Pricing Notes, click -  https://www.arinjayacademy.com/transfer-pricing/ International Tax Article by Article Notes, Click -  https://www.arinjayacademy.com/international-tax-interpreting-tax-treaty/ Download Arinjay Academy app at : - https://play.google.com/store/apps/details?id=com.arinjayacademy You can access our content at https://www.arinjayacademy.com/learn Practice Accounts Exercise Class XII at - https://www.arinjayacademy.com/learn/Accounts-Class-XII?tab=3 Practice Maths Exercise Class VI at - https://www.arinjayacademy.com/learn/MathsClassVI?tab=3 Practice Maths Exercise Class VII at - https://www.arinjayacademy.com/learn/Maths--Class---7-?tab=3 Practice Hindi Exercise Class VI at - https://www.arinjayacademy.com/learn/Hindi---Class-6--?tab=3 Practice Economics Exercise Class XII at - https://www.arinjayacademy.com/learn/Economics---Class-12?tab=3 DOUBLE ENTRY SYSTEM Under Double Entry System, every economic transaction has two aspects -- one Debit, and the other Credit. At the time of recording of transaction, each transactions aspect are recorded once on debit side, and once on the credit side. For example: - Purchasing machinery, which is an asset of a company, involves two aspects, i.e, Machinery, which is an asset comes in to the business, and hence is debited. At the same time, Cash , which is another asset, is paid to the seller, and hence reduced from business perspective, and is accordingly, credited. Thus, there are two aspects involved in this transaction, i.e. debit and credit, Machinery Account is debited and Cash account is credited. Features of Double Entry System: - 1. Maintains complete records for each transactions; 2. Recognizes that there are two equal aspects of every transaction -- one that are received, and the other, that are paid. 3. Total of Debit side of each transaction should always be equal to total of Credit side. 4. Facilitates, establishing the arithmetical accuracy of all transactions undertaken by the business by preparing trial balance. ADVANTAGES OF DOUBLE ENTRY SYSTEM: 1. Scientific system since it follows rules of recording transaction on two sides; 2. Complete record of transaction: It is complete record as it results in depicting correct income or loss, assets and liabilities. 3. Accuracy of accounts: Accuracy of accounts can be maintained by preparing trial balance. 4. Profit or Loss: By the preparation of Profit and Loss Account, organizations profit or loss can be ascertained. 5. Comparative study possible: Results of current year can be compared with the results of previous years. 6. Helps the management in decision making. DISADVANTAGES OF DOUBLE ENTRY SYSTEM: 1. Complete knowledge of book keeping , which includes knowledge of Principles of Accounting and procedure to follow them. 2. Maintaining all the books is sometimes costly procedure , and time consuming 3. This method is not suitable for small business organizations.
Views: 47563 Arinjay Academy
Double Entry Bookkeeping
 
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Introduction to the key principles of double entry bookkeeping
Views: 1041 Paul Carr
Double Entry Ledger 'T' Accounts
 
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This video tutorial is to help understand double entry concept in accounting. Students understanding on how to create ledger accounts 'T' accounts will be clear from this simple video lecture. This is very helpful for AAT Level 2 Bookkeeping transaction and aat level 3 advanced bookkeeping units. There are 8 examples and tips to remember DEBIT & CREDIT items. A perfect tutorial for beginners of accounting. Accounting lecture is a channel to help Accounting students across the globe. We help IGCSE Accounting, A Level accounting, LCCI Accounting, ACCA, CIMA, CAT, FIA, AAT and university Accounting up to PHD. Our video lectures are concise but comprehensive. Check our website for updated course materials i.e. past papers, marks scheme, Chapter wise course notes, examiners report, Formula sheets https://accountinglecture.com Please like our Face book Page for regular updates: https://www.facebook.com/accountinglecture/ Feel free to request for any video or question you have, Our dedicated lecturing team will help you.
Views: 700 Accounting Lecture
AAT Double Entry Bookkeeping
 
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Help with the concept of double entry bookkeeping AAT
Views: 184 SJC
What is the double entry principle of accounting
 
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What is the double entry principle of accounting - Find out more explanation for : 'What is the double entry principle of accounting' only from this channel. Information Source: google
Views: 8 wikiaudio14
Double Entry Accounting System Explained - Balance Sheet
 
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The double entry accounting system and the balance sheet are related in that the balance sheet represents the double entry accounting system using the basic accounting equation as the sections of the balance sheet: assets = liabilities + equity. The double entry accounting system can be expressed in many different ways, the balance sheet being one, the accounting equation another, and debits and credit another. Understanding the formats that the double entry accounting system can be expressed in is important because it helps others with regard to the double entry accounting system, it helps us gain a greater understanding of the double entry accounting system, and it helps us build financial statements from debits and credits to an accounting equation format represented in the balance sheet. Why Learn Accounting - Financial Accounting / Managerial Accounting https://youtu.be/uaWDB1YdA1k?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Double Entry Accounting System Explained - Accounting Equation https://youtu.be/66e9QbrkE4g?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Cash vs Accrual - Cash Method / Accrual method differenc https://youtu.be/i2O0cexCrqc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Revenue Recognition Principle https://youtu.be/M_pauBGz5Jc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI Double Entry Accounting System Explained - Balance Sheet https://youtu.be/kOItl8E3fNA?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Income Statement Introduction https://youtu.be/1k11H8icQxc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Accounting Objectives - Relevance Reliability Comparability https://youtu.be/mO8tPzFmN8o?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Transaction Rules - Accounting Equation https://youtu.be/0vy6W_WTO2I?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Transaction Throught Process / Steps - Accounting Equation https://youtu.be/SlTo3EXDuqU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Owner Deposits Cash Transaction Accounting Equation https://youtu.be/lPZoImc88eU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 101 Work Completed for Cash Transaction Accounting Equation https://youtu.be/ll5xIHVdrVs?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 100.110 Pay Employee with Cash Transaction Accounting Equati https://youtu.be/bSa3NuVpkwc?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 200 Debits & Credits Normal Balance - Double Entry Accounting Sy https://youtu.be/alSWKuWPlxU?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI 200 Debits & Credits - One Rule to Rule Them All https://youtu.be/RL3BFjL1eyE?list=PL60SIT917rv52SlrB3FFn2WMyZEkj6uBI
Double entry bookkeeping  (T accounts)
 
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This screencast shows you how to carry out double entry bookkeeping to Trial Balance level.
Views: 2197 Luke Fannon
What Are The Principles Of Double Entry Bookkeeping?
 
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Principles of double entry system basic principles bookkeeping youtube. Principles of double entry bookkeeping in an automated control the second coming doc searls strategic cfo. The principles of double entry bookkeeping, the basic principle bookkeeping is that there are always two entries for every transaction profoundly important in world accounting. Double entry system of book keeping principles accounts for double accounting concept explanation and examples. Ch 4 principles of double entry slideshare. Double entry bookkeeping system wikipedia. The double entry accounting system 31 dec 2013 principles of bookkeeping in an automated control from a model based perspective we show how 19 aug 2016 what makes important is that maybe it can the book keeping by theory which mathematically 23 jul field accounting, most common are on idea. Double entry system defined, features & principle explained. It is essential that students of accounting gain an understanding, from the double entry system bookkeeping based on fact every transaction has two parts both a positive and negative entry, will affect ledger fundamental concept underlying present day. Double entry accounting is based on the fact that every financial transaction has double bookkeeping a method all businesses use to keep their books see how applied for two common transactions system of book keeping. Double entry system? Accounting coach. I hope you will be able to apply the basic principles in following illustration any accounting program 17 mar 2012 debit and credit aspects of a transaction are identified based on double entry system accountingkvten 2011. Double entry bookkeeping principle explanation and examplesdouble investopedia. Double entry bookkeeping cliffs notes. What is double entry bookkeeping? Dummies. The double entry system is one where transactions are recorded twice in the ledger on debit of an account and concept accounting. For example, when a under the double entry bookkeeping system, full value of each transaction is recorded on debit side one or more accounts and also credit most scientific reliable method accounting system. One must have a clear conception about the nature of transaction to understand 6 apr 2013 acc106 chapter 3principles double entry ( recording process)entry bookkeeping partthis part is concerned with basic principles underlying system accounting, also called bookkeeping, accounting that requires every business or event be recorded in at it one foundations upon which steps cycle and other are based. Double entry bookkeeping, in accounting, is a system of bookkeeping so named because every to an account requires corresponding and opposite the double accounting or means that business transaction will involve two accounts (or more). Principles of double entry bookkeeping opentuition. The double entry accounting system accountingverse. Effect of double entry on asset, liability, income equity and expense an entity. Introduction to double entry bookkeepingexample.
Views: 17 Tip Tip 3
(Hindi) Introduction to Accounting. Double and Single entry system
 
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Hey Dosto, is video me maine btaaya hai Single entry system aur Double Entry system ke baare me. If you want to join Guaranteed Suksez WhatsApp group, send Hiii Guaranteed on 7084741319.
Views: 17001 FastandChief
Wages Journal Basics - How to Payroll Accounting
 
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In this video, I share how to complete wages journals for payroll. This tutorial demonstrates UK Payroll accounting but the principles of double-entry are used internationally. The debits and credits of gross pay, net pay, employers and employees tax are detailed. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac Support this Channel https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=FHGCUQ8GU9VB6 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Learn more at www.freebookkeepingaccounting.com
Views: 25583 BookkeepingMaster
Double Entry Bookkeeping  - debits and credits
 
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This video demonstrates use of the 'Receiver/Giver' rule to determine which accounts get debited and credited when recording financial transactions. Some more difficult transactions are included, such as discounts and profit/loss on sale of an asset.
Views: 386 Luke Fannon
Introduction to accounting [Journal- Ledger & Trial balance] simple method(by kauserwise)
 
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Here is the video about Introduction to accounting. *What is journal and how to pass journal entries. *What is Ledger and how to post ledger. *What is Trial balance and how to do trial balance in accounting everything in simple manner. Hope this will help you to get the subject knowledge at the end. Thanks and All the best. ▓▓░───CONTRIBUTION ─░▓▓ If you like this video and wish to support this kauserwise channel, please contribute via, * Paytm a/c : 7401428918 * Western Union / MoneyGram [ Name: Kauser, Country: India & Email: [email protected] ] [Every contribution is encouraging US] Thanks & All the Best!!! ──────────────────── To watch more tutorials pls visit: www.youtube.com/c/kauserwise * Financial Accounts * Corporate accounts * Cost and Management accounts * Operations Research * Statistics Playlists: For Financial accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnojfVAucCUHGmcAay_1ov46 For Cost and Management accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnpgUjlVR-znIRMFVF0A_aaA For Corporate accounting - https://www.youtube.com/playlist?list=PLabr9RWfBcnorJc6lonRWP4b39sZgUEhx For Operations Research - https://www.youtube.com/playlist?list=PLabr9RWfBcnoLyXr4Y7MzmHSu3bDjLvhu For Statistics - https://www.youtube.com/playlist?list=PLabr9RWfBcnoJi5snMQQzDGYmb4ydFpTs
Views: 3001179 Kauser Wise
How to Make a Journal Entry
 
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This video illustrates how to make a journal entry in the general journal. It was prepared by Professor Anna Boulware at St. Charles Community College
Views: 1383582 am
Accounting, double entry, advantages of accounts, accounting equation - Hindi
 
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This video series is aimed to give the intermediate students of telangana and AP syllabus a fast crash course in the subject. You will learn all about Accounting equation, double entry bookkeeping system, advantages of accounting & double entry in this video explained by a CMA. Mr. S.W. Ahmed is a qualified practicing CMA. He has been associated with Cognevo Institute of Excellence for over a decade now. He brings in a lot of value to our efforts with his expertise and experience. He works with various educational organisations like Chegg, Cengange & Coursehero etc.
Bookkeeping - 01 An introduction - Double entry bookkeeping
 
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Bookkeeping made easier. Debit and credit entries for bookkeeping can be very confusing at the beginning and me as a bookkeeping student would like to share my knowledge and passion for this subject. A lot of people struggle with the debit/credit concept. I think at the start it does not really matter if you know/understand the meaning of debit/credit. All we need to know is that debit is the left hand side and credit the right hand side of an account. Every transaction has two affects and in double entry bookkeeping we have to make two entries for every transaction hence the name. Examples are needed to understand the principles of bookkeeping. There are certain rules that need to be followed for assets, liability and capital which I will further explain in my next video.
Views: 261 Danial Ahmed
Financial Education 6- Double Entry Bookkeeping simplified
 
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http://www.learnaccountingfast.com /Free Video 6 in the series Double Entry Bookkeeping simplified .understand the essential principles of successful business. Double entry is just IN & OUT $1,000,000---ACTION WILL. You can learn,Business Intelligence,Financial Education,Business skills and How to become rich at http://www.learnaccountingfast.com /Free
Views: 2389 learnaccountingfast
Introduction to Accounting Equation-Part-1 (Double Entry Book Keeping)
 
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PLAYLIST: HOW TO PASS JOURNAL ENTRIES https://www.youtube.com/watch?v=UF6p5Ouuqug&list=PLVE_dFhGA23wqD8LM4Mkp4P-NW7ZIEcPI PLAYLIST: MICRO ECONOMICS https://www.youtube.com/watch?v=hrZzyemTtlc&list=PLVE_dFhGA23xQvMSRRCekLAe0OPcURYj6 PLAYLIST: ACCOUNTING EQUATION https://www.youtube.com/watch?v=IAZqYGks0cg&list=PLVE_dFhGA23zeHUNyW9R3gCWfc5IgxPZA PLAYLIST: RECTIFICATION OF ERRORS https://www.youtube.com/watch?v=6H3FpBHjzPE&list=PLVE_dFhGA23wjrFUpCAjYMzpnHAryyr5W Please call @ 9999997086 To Buy Full Course Lectures CA/ CS/ CMA/ B.Com in Pen drive / Download link mode. This video helps students understand the basics of Accounting equation and it explains how Dual Aspect Concept is applied in accounting equation. This is the best video to learn how to easily solve Accounting Equation questions at all levels right from class 11, B.Com, BBA, CA, CS, CMA and other accounting exams.
Views: 33978 SUDHIR SACHDEVA
Double-entry bookkeeping explained in under 8 minutes!
 
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Jason Blackman FMAAT of #teamFM ([email protected]) explains double-entry bookkeeping together with some tips on how to remember the basics - please feel free to comment below if you find the clip useful...
Double Entry Bookkeeping (part a) - ACCA Financial Accounting (FA) lectures
 
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The complete list of free ACCA Financial Accounting (FA) lectures is available on https://opentuition.com/acca/fa/ Please go to OpenTuition to download the Financial Accounting (FA) notes used in this lecture, view the index to allFA lectures, and post questions on the Ask the ACCA FA Tutor Forums because we do not provide support on youtube comments section. Free ACCA lectures for the ACCA Financial Accounting (FA) Exam
Views: 2038 OpenTuition
Accounting spreadsheet video #2 - 25 minutes re double entry accounting principles
 
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The Microsoft Excel Spreadsheet (with built in macros) available for download at https://legaltree.ca/node/2198 provides a set of ledgers, an income statement, and a balance sheet which can be used by a small business to apply double entry accounting to ensure its books balance. Videos explaining the spreadsheet: 3 minute video providing very brief explanation of the spreadsheet, https://youtu.be/6Gl7lj9LFN8 17 minute video explaining general operation of the spreadsheet, https://youtu.be/kzx5CfTOFzk 25 minute video explaining relevant accounting principles, https://youtu.be/WSw7vFxk-AU 1.5 hour very detailed explanation on use of the spreadsheet, https://youtu.be/KSvSqH3Ffcg Written instructions Detailed written instructions on operation of the spreadsheet available at: https://legaltree.ca/node/2212
Views: 126 Michael Dew
What is Double Entry Bookkeeping?
 
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A brief video explaining the basis of Double Entry Bookkeeping.
Views: 3539 CrunchersCornwall
ACCA F3 Double Entry Bookkeeping  part 1
 
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ACCA F3 Double Entry Bookkeeping Free lectures for the ACCA F3 Financial Accounting / FIA FFA Exam To fully benefit from this video, download free ACCA F3 lecture notes from http://opentuition.com/acca/ *** The complete list of free ACCA lectures is available on http://opentuition.com/acca/
Views: 15804 OpenTuition
Accounting Double Entry and Trial Balance
 
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An introduction to double entry accounting and the construction of the trial balance
Views: 3480 david hopcroft
The Accounting Equation and Double Entry Accounting
 
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http://www.mybookkeepingcourses.com/the-accounting-equation-and-double-entry-accounting/ The Accounting Equation and Double Entry Bookkeeping The basic accounting equation (Assets = Liabilities + Capital) is taken to the extended accounting equation. in this video we will see why this is relevant to double entry bookkeeping. Want to practice some double entry: Check out this video https://youtu.be/0FNTriMrQNg This video has been taken from Professional Bookkeeping and Accounting 3: Double Entry Bookkeeping. https://www.udemy.com/professional-bookkeeping-and-accounting-3-double-entry
Views: 952 Paula Guilfoyle
Double entry bookkeeping - Part 4 - Ledger account
 
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http://accountingcollege.co.uk/
Views: 749 Accounting College

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