T-Accounts Explained – Accounting Basics – Part 3
In this video, you will discover how to use a handy visual tool called T-Accounts to map out your debits and credits to help you get on top of your business transactions.
Once you master T-Accounts, you will be able to figure out the debits and credits for any transaction that occurs in your business.
This video is the third of four videos in our Accounting Basics series.
In the first two videos in this series, we learned a few of the fundamental rules of accounting and bookkeeping.
In the second video, The Nature of the Five Account Types – Accounting Basics – Part 2, you will expand on your new-found knowledge and learn why an entry is a debit or a credit.
In the third video, T-Accounts Explained – Accounting Basics – Part 3, you will see how to map out your debits and credits using a key visual bookkeeping method called T-Accounts.
The final video of the series, Double-Entry Bookkeeping Explained – Accountings Basics – Part 4, will pull together all you have learned to crystalise how it all relates to double-entry accounting.
So, go ahead and start learning about the fundamental building blocks of accounting and bookkeeping by watching all the videos in this series.
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