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Debits and Credits (The Bookkeeping Dual Effect)
Rating: 4.8 out of 5(17 ratings)
1,428 students

Debits and Credits (The Bookkeeping Dual Effect)

Learn the Core Principle of Bookkeeping & Financial Systems with the UK ***(AAT/ICB inclusive)***
Created byDean Miller
Last updated 7/2025
English

What you'll learn

  • The Accounting System (Stage 1 Overview)
  • Debits and Credits (DEAD CLIC)
  • Ledger Account Categories
  • Dual Effect

Course content

1 section • 10 lectures • 1h 40m total length

  • Introduction8:13

    Hello and welcome to the course.


    Let's get started with an introduction from myself, and also a quick online quiz to see what you may know already about Double Entry Bookkeeping and the Dual Effect. Enjoy!!!


    As you go through the lessons, don't forget to checkout the RESOURCES folder. PDF versions of Online resources will be provided where ever possible, so that you don't miss out if there are internet or software issues.

  • The Accounting System (Stage 1)11:21

    There are 5 Stages to the Accounting System, in which this lesson introduces you to Stage 1 and summarises the rest prior to future lesson in-depth learning. Financial Transactions and Financial Documents are closely linked, and often confused, but this lesson starts to differentiate the two.

    To give you a head start with terms, names and keywords, embark on the 19 term and definition Online Flashcard set, and test yourself over the coming days.

  • The Accounting System (Stage 1) = Test Your Knowledge
  • Debits and Credits (DEAD CLIC)10:45

    DEAD CLIC is a very powerful tool to help you determine whether an account should have a Debit or Credit entry or balance. This is the fundamental basis of Double-Entry Bookkeeping, and if you can master your Debits and Credits, you will have a solid foundation on which to build.


    This lesson will provide the start of nurturing this knowledge and it will be your fall-back for future learning and activities.

  • Debits and Credits (DEAD CLIC) = Test Your Knowledge
  • Ledger Account Categories18:41

    This lessons looks in detail with an explanation as to how to differentiate between Expense, Asset, Drawings, Liability, Income and Capital Accounts. Once you have this base understanding along with the DEAD CLIC structure, you will be ready to start applying double-entry of Debits and Credits to the various accounts within the Ledger.

  • Ledger Account Categories = Test Your Knowledge
  • The Dual Effect11:57

    What is a Debit? What is a Credit? Which ledger accounts are debit and which are credit? This lesson will help with this and provide some visuals and anchors to help you recall and succeed in this are of accounting.

  • Dual Effect = Test Your Knowledge
  • Activities - Debits and Credits6:16

    Now its your term to test your knowledge in the 3 different activities, testing your knowledge in different styles and formats, and in different ways. Please take your time, don't be afraid to refer back to past lessons, and if you get any incorrect, use that as an exercise in itself to understand why it was incorrect, and this will fortify your understand in future understanding.


    We will walk through the answers in the next lesson to help with your understanding.

  • Activity Answer - Dual Effect - Debits and Credits Activity11:19

    Check and compare your answers to the walk-through for the 'Debits and Credits Activity'.

  • Activity Answer - Debits and Credits Activity9:16

    Check and compare your answers to the walk-through for the 'Debits and Credits Activity'.

  • Activity Answer - Debits and Credits - Identifying Ledger Accounts Activity12:26

    Check and compare your answers to the walk-through for the 'Debits and Credits - Identifying Ledger Accounts' Activity

  • Bonus Lecture0:15

    I hope you have enjoyed the course that you have enrolled onto. Please see below some other courses I have created to help you learn and advance in the areas of Bookkeeping, Payroll and Finance & Accounting:


    Payroll Management - The UK Payroll System

    Debits and Credits (The Bookkeeping Dual Effect)

    Manual Payroll - Understand Your Software Calculations (UK)

    Bookkeeping and Accounting - The Ultimate Finance Course

Requirements

  • There are no prerequisites for the course and it is targeted at a beginner with no prior financial background or bookkeeping and accounting knowledge.
  • Access to paper, pen and a calculator.
  • Optional - Access to a printer to print off sample documents for worked examples.

Description

Captions: English


This course is aimed at all levels of knowledge and experience, and can be used as an introduction to The Dual Effect of UK and International Bookkeeping, or as a refresh and update. We will be looking at the double-entry bookkeeping system, categorisation of account types and placement of values using Double-entry Bookkeeping activities and demonstrations.


Debits and Credits are an area often overlooked in Bookkeeping, Accounting and within the world of finance, but it is the core principle which all internationally renowned accounting systems operate on, such as Sage, Oracle, Xero or QuickBooks. Having a strong understanding of how The Dual Effect works form a manual perspective will provide you with a firm foundation on which to build you knowledge and increase your confidence when it comes to problem solving and correction of errors, instead of just relying on an accounting package to do it for you, and hoping it gets it right.


Learning Outcomes are achieved through unique resources in the form of videos, activities and quizzes to help you learn no matter what your learning style. The course is brought to you by an MAAT Tutor and current industry professional so you can be assured that the teaching is up to date and relevant. By synchronising teaching qualifications with theory and real life practice from over 25 years in the industry, you will be able to apply your learning in the real world with the possibility of sitting an assessment with the AAT/ICB and gaining an internationally recognised qualification.


These lessons will assist you with the means and resources to pass online assessments with the AAT saving you the cost and energy of attending traditional lessons. Learn in a way and that suits you with the use of technology so that you can learn where ever whenever. You will also be able to start a Bookkeeping System from scratch to help with your business start-up and progression.


They are also a great resource and tool for business owners who want to save money by preparing their own accounts or wanting to understand the workings behind their Accounting Software such as Sage, Oracle, Xero or QuickBooks.


Enjoy!!!


Who this course is for:

  • Students looking to gain a Level II qualification.
  • Students looking to gain a Level II qualification.
  • Individuals looking to refresh and update their knowledge.

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