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Debits and Credits Made Simple
Rating: 4.6 out of 5(9 ratings)
493 students

Debits and Credits Made Simple

Learn Debits and Credits
Created byRichard Lang
Last updated 11/2024
English

What you'll learn

  • Understand What Debits and Credits Are: The basics of debits and credits and why they’re important in bookkeeping.
  • Know When to Use Debits and Credits: To be able to choose the correct account to debit or credit for common business transactions.
  • Use T-Accounts for Practice: Practice using T-accounts to see how debits and credits affect different types of accounts.
  • Keep Financial Records Balanced: Help understand how to make entries that keep the books balanced and accurate.

Course content

1 section8 lectures58m total length
  • Introduction to Debits & Credits Made Simple Course1:16
  • Part 1 : Introduction to Debits & Credits3:45
  • Section 2: Understanding the Accounting Equation3:01
  • Section 3: The Double-Entry System - How to Apply It2:57
  • Section 4: How Debits & Credits Affect Account Types2:26

    After watching the video, don't forget to download the pdf.

  • Section 5: Practice with T Accounts4:37
  • Debits & Credits QUIZ2:17

    Give the quiz a try! Download the pdf.

  • Top 50 Most Common Journal Entries38:25

Requirements

  • Basic Math, Willingness to Practice, No Prior Bookkeeping kncowledge needed

Description

Ready to make sense of debits and credits? This beginner-friendly course will walk you through the basics of bookkeeping, helping you understand debits and credits in a way that’s easy to follow and apply.


What You’ll Learn

  • The Basics of Debits and Credits: Find out what debits and credits are, why they matter, and how they work together in every transaction.

  • The Accounting Equation: Understand the simple formula that keeps your books balanced—Assets = Liabilities + Equity—and see how debits and credits fit in.

  • How to Record Transactions: Learn how to record common transactions like sales, expenses, and purchases using debits and credits.

  • Different Account Types: Get to know the main types of accounts—assets, liabilities, equity, revenue, and expenses—and how debits and credits affect each one.

  • Clearing Up Misunderstandings: We’ll explain some common myths about debits and credits so you can use them confidently.

Who This Course is For:

  • New Bookkeepers: If you’re just starting with bookkeeping, this course will help you build a strong foundation.

  • Small Business Owners: Great for anyone managing their own books and wanting a clear way to record financial transactions.

  • Students: Perfect for students who need an introduction to debits and credits for their studies.

With simple explanations and real-life examples, this course will help you get comfortable with debits and credits and start handling bookkeeping with ease!

Who this course is for:

  • Beginners in Bookkeeping, Anyone Confused by Debits and Credits, Small Business Owners