200 Debits & Credits - One Rule to Rule Them All |
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Accounting Resource Outline https://1drv.ms/u/s!Ap8mLpFX7uo9qXzwZ7cocs0n1NKo?e=Mf19Sd
Financial Accounting Playlists https://www.youtube.com/c/AccountingInstructionHelpHowToBobSteele/playlists?view=50&sort=dd&shelf_id=2 Google Classroom - https://classroom.google.com/c/MTA5MzE5NDcyMjA1?cjc=bjfd2qi Class Code: bjfd2qi Financial Accounting Long Video http://bit.ly/2ItkbUV Debits & credits, one rule to rule them will cover the one rule needed to know how to make debit and credit balance accounts go up or down, although we do need to know what the normal balance of an account is before we can apply the one rule. Financial Accounting Video http://bit.ly/2ItkbUV Financial Accounting Playlists http://bit.ly/2ItYPGV For this we have another instructional video or you can use a debit and credit cheat sheet, a cheat sheet being something I recommend having on hand to help know the normal balance of an account when possible. Once we know whether an account has a normal debit or credit balance we just need to apply the one rule, that being that doing the same thing to an account will make it go up and doing the opposite will make it go down. Assets have a normal debit balance so the one rule says that debits will make assets go up and credits down. Inabilities have a normal credit balance so the one rule says that credits will make liabilities go up and debits down. Capital has a normal credit balance so the one rules says that credits will make capital go up and debits down. Revenue has a normal credit balance so the one rule says that credits will make revenue go up and debits down. Expenses have a normal debit balance so the one rule says debits will increase expenses and credits decrease. 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 |