Double-Entry Bookkeeping Explained – Accounting Basics – Part 4

Double-Entry Bookkeeping Explained – Accounting Basics – Part 4

Welcome to the final video of our four-part Accounting Basics tutorials. Here you will see everything you have learned from the first three videos come together to crystalise how it all relates to double-entry accounting. In the first video, Debits vs Credits – Accounting Basics – Part 1, you learned a golden principle that governs…

The Nature of the Five Account Types – Accounting Basics – Part 2

The Nature of the Five Account Types – Accounting Basics – Part 2

If you want to know how to decide whether an entry you make into a general ledger account should be made on the debit or credit side, check out the second video of our Accounting Basics series. This video explains clearly the nature of the five main account types: Assets Liabilities Owner’s equity Revenues Expenses…