@accountingfinance01: When should you debit an account? When should you credit it? In this lesson, I explain the logic behind debits and credits using the accounting equation and practical examples—no memorisation required. 🌐 https://accountingandfinanceplaybook.com #financialaccounting #accrualbasis #accounting #finance #management #managementtips #journalentries #educational #accrualaccounting #education #financialstatements #accountingequation #incomestatement #cashflow #managementstudent #managementaccounting #balancesheet
I'm CPA and for the love Accounting have watched these basics to the end. Kudos
2026-09-14 11:05:36
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semaJ :
Thank you for elaboration.
2026-07-21 06:57:43
2
Accounting & Finance Playbook :
Example 4 : Sold goods on. Credit for $ 6,000
Accounts Affected:
Sales Revenue increases and Account Receivable increases
Therefore correct journal:
Dr. A/C Receivable
Cr. Sales Revenue increases
then
Dr. Cost of sales
Cr. Inventory
2026-07-21 07:57:48
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kapisi :
Accounting 4life
2026-08-04 04:07:17
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iam_ahmettnor :
Ther's an error in ex no 4, Sold goods on credit for $6,00.
NB. whenever u see "sold" in the first transactions, that a/c should sales no need to explain in the example's snarios
2026-07-21 04:46:36
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Liljeezy gordon :
thank you this is useful
2026-08-29 12:57:17
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Aonu Joseph :
Thank you for this insightful class
2026-08-15 03:09:37
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empologoma :
thank please
2026-07-21 08:17:09
1
Becoming CPA.Kasagga Aslam.@9. :
I need someone here to explain for me IFRIS
2026-09-04 16:28:43
1
GOD'S FIRST BORN :
Thanks
2026-08-17 04:15:02
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Keren😍bae :
help me wth issue of shares
2026-09-06 18:53:46
0
SAMUEL GATHURA :
2026-08-22 10:49:39
0
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