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T Accounts Explained SIMPLY (With 5 Examples)

🆓T-Account Free Quiz → https://accountingstuff.com/blog/t-ac... 💥T-Account Cheat Sheet → https://accountingstuff.com/shop 🖊T-Account Practice Questions → https://accountingstuff.com/practice-... Accounting Basics Lesson 3 - T Accounts Explained. This episode of Accounting Basics for Beginners will give you the full run down of how T Accounting works and why they are so useful in visualising accounts. T Accounting made easy is Accounting Basics Lesson 3 and will each you an easy way to learn T Accounting. What is a T Account and why are they used? You'll get the answers to these questions in this video, along with 5 examples to help you understand T Accounting. T Accounting made easy so you'll be able to use them in practice and get value out of them when studying accounting. Debits and Credits in a T Account don't have to be daunting. This video will show you the easy explanation of the T Account to help you with you studies. 🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 - Intro 01:03 - What is an Account? 01:13 - What is a T-Account? 01:35 - What is the General Ledger? 01:43 - What does a T-Account look like? 02:07 - Simple way to remember Debits and Credits 02:35 - How does a T-Account work? 03:59 - Why do we use T-Accounts? 04:30 - What is Double-Entry Bookkeeping? 05:12 - T-Account Examples and Solutions 10:04 - Recap 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mf... ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram →   / accountingstuff   ▪ TikTok →   / accounting_stuff   ▪ Facebook →   / thisisaccountingstuff   🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist →    • ACCOUNTING BASICS for Beginners (Whol...   ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________

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