This video explains debits and credits in accounting. It defines debits and credits, discusses how every transaction has two sides, and provides the mnemonic "DEALER" to remember which accounts are normally debited or credited. The video also shows how the accounting equation (Assets = Liabilities + Equity) can be rearranged and expanded to illustrate the flow of economic benefits between accounts represented by debits and credits.
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[English] ACCOUNTING BASICS_ Debits and Credits Explained [DownSub.com]
This video explains debits and credits in accounting. It defines debits and credits, discusses how every transaction has two sides, and provides the mnemonic "DEALER" to remember which accounts are normally debited or credited. The video also shows how the accounting equation (Assets = Liabilities + Equity) can be rearranged and expanded to illustrate the flow of economic benefits between accounts represented by debits and credits.
This video explains debits and credits in accounting. It defines debits and credits, discusses how every transaction has two sides, and provides the mnemonic "DEALER" to remember which accounts are normally debited or credited. The video also shows how the accounting equation (Assets = Liabilities + Equity) can be rearranged and expanded to illustrate the flow of economic benefits between accounts represented by debits and credits.