This is an Accounting for Beginners Video where i go over Accounts Payable and two Journal Entries that go with Accounts Payable. I go over the Debits and Credits of Each Journal Entry.
BEST ACCOUNTING PLAYLIST IN THE WORLD [ Ссылка ]

MY method of mapping whether the accounts are to be Debited or Credited have helped thousands of people. I know it can help you. What is the BEST? Assets, Draw, Expense, Liability, Equity, Revenue I give my thought on the best way to remember where to place the Assets, Draw, Expenses, Liability, Equity & Revenue. I hope you enjoy the video. I got a good response from my last Accounting for Beginner video i just did, which was review of everything Accounting in 5 minutes. So this video is a nice easy fast 5 minute video about the Balance Sheet, which is Assets = Liabilities + Equity. I tried to go back and give a little refresher course with DC ADE LER and how good could i explain the Basics of Accounting in 5 Minutes. The easiest way to keeps debits and credits, and Assets = Liabilities + Equity ( Accounting Equation) straight. This is how i passed the CPA Exam to become a licensed CPA in the State of Florida. You can use the information in the video on your first day of Accounting class all the way tho being a CPA. Debits, Credits, Assets, Draw, Expenses, Liabilities, Equity, Revenue. This video has a very basic example and can be used in the most advanced situations. Learn Debits and Credits and the basic accounting equation which is assets = liabilities + equity. This will also help with the income statement which is Revenues - Expenses. I hope you enjoy the video. In this video i go over journal entries. Get your tips here in this accounting for beginners video. There is also information on the balance sheet here in this video. I also go over Accounts Receivable, Accounts Payable, Depreciation, Accumulated Depreciation, Putting Assets on the books, Fifo and Lifo Inventory Valuation, and so much more in this series for beginners.

Accounting For Beginners #1 [ Ссылка ]... Debits and Credits / Assets = Liabilities + Equity

Accounting For Beginners #2 [ Ссылка ]... Basics / Accounting Equation

Accounting For Beginners #3 [ Ссылка ]... Journal Entries / Beginner Tips

Accounting For Beginners #4 [ Ссылка ]... Income Statement / Revenue - Expenses

Accounting For Beginners #5 [ Ссылка ]... The Balance Sheet / Basic Tutorial

Accounting For Beginners #6 [ Ссылка ]... Putting an Asset on the Balance Sheet

Accounting For Beginners #7 [ Ссылка ]... Depreciating an Asset / Basics

Accounting For Beginners #8 [ Ссылка ]... Depreciation Expense / Basics

Accounting For Beginners #9 [ Ссылка ]... Accounts Receivable / Basics

Accounting For Beginners #10 [ Ссылка ]_... Accounts Payable / Basics

Accounting For Beginners #11 [ Ссылка ]... Fifo and Lifo Inventory / Basics

Accounting For Beginners #12 [ Ссылка ]... 1 Journal Entry With 2 Assets / Basics

Accounting For Beginners #13 [ Ссылка ]... Accounting Study Guide / Template

Accounting For Beginners #14 [ Ссылка ]... Journal Entry with Cash / Expense

Accounting For Beginners #15 [ Ссылка ]... Journal Entry With Cash / Revenue

Accounting For Beginners #16 [ Ссылка ]... Debits & Credits / Negative Asset

Accounting For Beginners #17 [ Ссылка ]... T-Accounts / Debits and Credits / Accounting 101

Accounting For Beginners #18 [ Ссылка ]... What is a Draw? / Withdraw / Distribution / Dividend / Equity

Accounting for Beginners #19 [ Ссылка ]... Don't Abbreviate / Accounting 101 / Basics

Accounting For Beginners #20 [ Ссылка ]... Chart of Accounts / Assets, Liabilities, Equity, Revenues, Expenses


#Accounting #CPA #Business
00:00 Introduction
04:01 Your Business got $2,000 of Inventory on Account
07:50 Your Business Paid Back The $2,000 on Account

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