Master the 3 Golden Rules of Accounting in Minutes скачать в хорошем качестве

Master the 3 Golden Rules of Accounting in Minutes

Golden Rules of Accounting: A Journey Through Time and Practice! Im this video I explain the 3 Golden Rules of Debit & Credit in a simple way with practical examples of Journal Entries. this is called the Golden Rules of Accounts and/or the golden rules of accounting. This is because it separates accounts into three types. The traditional classification of accounts are 1. Personal 2. Real 3. Nominal Accounts. If modent accounting hacks like DEALEAR or DC ADE LER are just not helping you learn the rules of debits and credits, perhaps knowing these rules is the piece of the puzzle you are missing. What you'll discover: • Historical Insights: Learn how these golden rules originated and what they are, and how they apply to different account types. • Practical Applications: See real-world examples of how these rules apply to modern accounting scenarios. Join me as I demystify these essential accounting principles, making them accessible and engaging. Perfect for students, bookkeepers, and small business owners looking to solidify their financial knowledge and boost their accounting skills. 👍 Like, Subscribe, and Hit the Bell icon to stay updated with more accounting wisdom from Concierge CPA. Don’t forget to drop your questions or topics you’d like me to cover in the comments below! #AccountingBasics #GoldenRulesOfAccounting #FinancialEducation Also, check out my article on my blog, https://myconciergecpa.com/the-3-gold... Timestamps 0:00 Intro – Debits, credits & confusion 0:22 The 3 Golden Rules explained 1:07 Types of accounts: Personal, Real, Nominal 1:45 Personal Accounts – Examples & rules 2:22 Real Accounts – Assets & properties 2:58 Nominal Accounts – Income, expenses, gains & losses 3:35 Golden Rule #1 – Debit the Receiver, Credit the Giver (Personal Accounts) 5:59 Golden Rule #2 – Debit what comes in, Credit what goes out (Real Accounts) 7:43 Golden Rule #3 – Debit expenses/losses, Credit incomes/gains (Nominal Accounts) 9:09 Recap & Summary of Golden Rules