Recording Business Transactions: Using Accounting terms - Accounting video YouTube
Recording Business Transactions: Using Accounting Terms video lecture will begin with a discussion of accounting terms and the t-account (ledger of accounts); Rules of Debits and Credits (double-entry bookkeeping - at least one debit and one credit) and the normal balance of accounts; as well as example transactions.
Recording Business Transactions: T-Accounts - Accounting video YouTube Recording Business Transactions: T-Accounts Video discusses the posting of business transactions from the journal to the general ledger and the t-accounts (ledger of accounts). What is an accounting ledger? The ledger is where all the t-accounts are housed in an accounting system. A two column t-account is most often used in the classroom for demonstration purposed. However, there are multiple forms of t-accounts including a four column t-account that shows not only the debit/credit for individual transactions but also the running balance in the account. In addition, there is an in-depth explanation of debits and credits utilizing the t-account tool and whether accounts increase or decrease with a debit and/or credit and well as the normal balance of accounts. There are examples used for demonstration purposes.
Recording Business Transactions: T-Accounts - Accounting video YouTube Recording Business Transactions: T-Accounts Video discusses the posting of business transactions from the journal to the general ledger and the t-accounts (ledger of accounts). What is an accounting ledger? The ledger is where all the t-accounts are housed in an accounting system. A two column t-account is most often used in the classroom for demonstration purposed. However, there are multiple forms of t-accounts including a four column t-account that shows not only the debit/credit for individual transactions but also the running balance in the account. In addition, there is an in-depth explanation of debits and credits utilizing the t-account tool and whether accounts increase or decrease with a debit and/or credit and well as the normal balance of accounts. There are examples used for demonstration purposes.
Recording Business Transactions: Journal Entries - Accounting video Recording Business Transactions: Journal Entries video discusses (1) making journal entries or journalizing (2) steps to follow when analyzing transactions, (3) proper format of a journal entry and (4) example transactions
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Photos from the above accounting videos:
Recording Business Transactions: Using Accounting Terms - Accounting video photos
Recording Business Transactions: T-Accounts - Accounting video photos
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