Hi! I just wanted to say thank you so much!! You are so much better than my instructor. I am in Acct. 101, and all my instructor says is "read the book." I basically have to teach myself how to do everything and I came across your page and found so much relief. Thank you for making this fun and easy to learn!!
THANK YOU SO MUCH!!!! My accounting class doesn't give any of this information and I had no clue how to do my homework until I found you. You are an ANGEL!
Thank you so much for posting this video 💕im in online class and my teacher just told us we should just read the modules/book by ourselves and watch youtube if we want to learn :( your video is a life saver! i can easily understand the lessons now ❤️❤️
I must say, the instructor on here is some much simple than what the school I attend video shows. I have gotten a much clear understanding on how to do a journal and ledger, and now need the trail balance sheet. My school instructor has not been so helpful when asking common sense questions on accounting. She states to read the book and "Have you watched any of the videos in the study guide?" Like seriously! There's this one instructor teaching Journaling, Ledger, and Trial Balance on video and it seem as if she doesn't have a clue on what she's saying nor teaching to others. It seem as if the school grabbed her off a street corner and told her "If you can understand the ins and outs on what I'm going to briefly show you, you can teach this Accounting course". Ugh- Wrong. I find this video sooooo much better and hope to find the trail balance, because she breaks things down way much better than the pulled off the side of the road instructor.... Thanks for the video!
7/10/2023.. Thank you so much for this video.just started learning bookkeeping 1 month ago and i find it hard just by reading the lessons. This video really makes my life easier 💕
I don't know how to create a ledger in excel. Do you have the same ledger on the left I may use? I couldn't write it down in paper, its too small and an office supply store is temporarily closed and everything went digital online.
Is there a way you and I can connect, communicate via email? Please let me know. I am so loving your instructions. I did well when I was in school but it has been a while since then. I'm sure you know the real world and school are two different things. I understand the concepts of the educational world, but that real world scenario is a whole other animal! I am so glad I stumbled upon this channel! I am now a subscriber!!!
Hi, Thanks for your videos. For example: 1Jan, we have 50,000 Cash in Debit in journal and we post it in Cash leldger account as 50,000 in Debit and then on 6Jan, we have Cash 3,000 in Credit and we post it to cash ledger account as 3,000 in Credit, But in my book It's shown differently. When we post Cash 50,000 Debit from journal to Ledger in my book It's written in Debit side 50,000 but with reverse name like : "Christopher Knowels, Capital" in Debit. I'm beginner and I'm confused. Why is that? Why account names change places?
Why are the fees earned balance is on the crefit side aren't they considered an asset therefore increased in debit? And thank you so much for your effort 💜
Literally pages. :) Accounting used to be done on paper in books, so when you ran out of room on page one, you'd move on to page two. They would be the first and second page on the general journal.
Hiii! I'm going to ask something, if I received my cash in the General ledger and it's already listed there, but I encounter another one which is account receivable and I subtract it means I received already the cash and they are no longer have debt on me? Does it correct? Thank youuu
Typically, if we are collecting on accounts receivable, cash would be going UP (debit). If this is the case, then it would mean that your customers no longer owe you that debt.
Hiii again, I'm just going to ask if this right or not. In the transaction there is a amount that about the salaries of employee it is 25,000 to 30,000 what should I do with this? Is it correct that I add them?
Waiit why is the accounts payable in jan 21 credited? Didn’t the 2000 value decreased to 0? And since it decreased shouldn’t it be placed in debit? (Im Accounting noob here and i just wnna know)
Hi Chad, are you referring to the ending balance on January 21? The 0 will be placed on the credit side because AP is a liability account with a normal credit balance. You should never see a debit *balance* in AP.
Hi I'm a Financial Accounting student, I made a miscalculation in my Cash account and now i have one debit and one credit of the same amount. I know i'm suppose to subtract the two. But I couldn't catch on to how you subtract when it's both the same.(both debit and credit are $3950) Do i just put zero and move on to the next ?
Yes, if you have one debit of $3,950 and one credit of $3,950, then the balance would be zero. However, be careful here! Cash will not usually have a zero balance, so I am assuming that you did the opposite to fix your error. Happy studying, Era Alexandre!
The ledger account numbers have one primary rule. The assets are to start with the number 1, the liabilities are to start with the number 2, capital is to start the number 3, revenues are to start with the number 4, and expenses are to start the number 5.
Hi! I just wanted to say thank you so much!! You are so much better than my instructor. I am in Acct. 101, and all my instructor says is "read the book." I basically have to teach myself how to do everything and I came across your page and found so much relief. Thank you for making this fun and easy to learn!!
Mam ,can u plz help me in my assignment?
THANK YOU SO MUCH!!!! My accounting class doesn't give any of this information and I had no clue how to do my homework until I found you. You are an ANGEL!
Because of your beautiful voices, i think i can understand most of it. Thank you.
Thank you so much for posting this video 💕im in online class and my teacher just told us we should just read the modules/book by ourselves and watch youtube if we want to learn :( your video is a life saver! i can easily understand the lessons now ❤️❤️
I have these as my activities and i really don't get the balance in the ledger, But you really help me! Thank youuu, you're a life saver teacher
I just had these as my assignment thank you so much life saver!!!
Same
Thank you with your help I was able to complete my assignment
BEST VIDEO EVER ON THIS TOPIC OMG!! u rlly saved me, I've a finance+accounting exam in 2 weeks lol
Thanks 😭 I just got bored in our class and I wasn't able to listen very well. LOL. you literally saved me.
MAGNIFICENT!!!! Thank you so much.
Thank youuuu. I already done my assignment❤️
Thank you so much for this video, it was REALLY helpful
I must say, the instructor on here is some much simple than what the school I attend video shows. I have gotten a much clear understanding on how to do a journal and ledger, and now need the trail balance sheet. My school instructor has not been so helpful when asking common sense questions on accounting. She states to read the book and "Have you watched any of the videos in the study guide?" Like seriously! There's this one instructor teaching Journaling, Ledger, and Trial Balance on video and it seem as if she doesn't have a clue on what she's saying nor teaching to others. It seem as if the school grabbed her off a street corner and told her "If you can understand the ins and outs on what I'm going to briefly show you, you can teach this Accounting course". Ugh- Wrong. I find this video sooooo much better and hope to find the trail balance, because she breaks things down way much better than the pulled off the side of the road instructor.... Thanks for the video!
great tutorial, thank you!
thank you so much
it was help alot to solve my problem
my exams are next week and this helped so much
7/10/2023.. Thank you so much for this video.just started learning bookkeeping 1 month ago and i find it hard just by reading the lessons. This video really makes my life easier 💕
These are very helpful :)
Thank you...am.saved,I had a CAT testing on the same.
Thank you so much for explaining to us.. I couldn't understand my professor. I was frustrated.
Thank you very much!
THANK YOU SO MUCH!!
Love all your videos. Please, what software are you using? I have mac so I use Numbers, but I can't create a ledger that updates the balance.
I use excel. You have to create your own formula to make it update.
Is there a video on how you are closing the ledger accounts?
Thank You, very helpful. FR
thank you so much
I don't know how to create a ledger in excel. Do you have the same ledger on the left I may use? I couldn't write it down in paper, its too small and an office supply store is temporarily closed and everything went digital online.
Is there a way you and I can connect, communicate via email? Please let me know. I am so loving your instructions. I did well when I was in school but it has been a while since then. I'm sure you know the real world and school are two different things. I understand the concepts of the educational world, but that real world scenario is a whole other animal! I am so glad I stumbled upon this channel! I am now a subscriber!!!
Hello, we can be contacted via email at tlctutoringcompany@gmail.com. It is wonderful to hear that our videos have helped!
Hi, Thanks for your videos. For example: 1Jan, we have 50,000 Cash in Debit in journal and we post it in Cash leldger account as 50,000 in Debit and then on 6Jan, we have Cash 3,000 in Credit and we post it to cash ledger account as 3,000 in Credit, But in my book It's shown differently. When we post Cash 50,000 Debit from journal to Ledger in my book It's written in Debit side 50,000 but with reverse name like : "Christopher Knowels, Capital" in Debit. I'm beginner and I'm confused. Why is that? Why account names change places?
Why are the fees earned balance is on the crefit side aren't they considered an asset therefore increased in debit? And thank you so much for your effort 💜
Fees earned is a revenue account-- not an asset. :)
mvp!
good job
Madam, we record an opening balance in ledger or not? I'am confused. Need help
I have a question. What separates page 1 and page 2 from the general journal?
Literally pages. :) Accounting used to be done on paper in books, so when you ran out of room on page one, you'd move on to page two. They would be the first and second page on the general journal.
did you divide one worksheet in two or you opened two separate worksheets in one window in this clip ?
It is the same worksheet but I opened a duplicate window in Excel.
@@accountinghelp thanks for reply
Do u have video about income summary and owner's equity under the general.kedger?
*ledger
Thank you so much!!!!
0
So basically, Post ledger is just the balance of the overall entries?
Bookkeeping pretty much.
Hi Ms, Thank you For the beautiful explanation, but I have a question, why there is no ledger for Rent Expenses?
You may want to rewatch the video. There is a ledger for rent expense.
Hiii! I'm going to ask something, if I received my cash in the General ledger and it's already listed there, but I encounter another one which is account receivable and I subtract it means I received already the cash and they are no longer have debt on me? Does it correct? Thank youuu
Typically, if we are collecting on accounts receivable, cash would be going UP (debit). If this is the case, then it would mean that your customers no longer owe you that debt.
What to do you put on the 'item' column?
The item column is typically only used when we need an additional note, such as "Beginning balance", "Adjusting", or "Closing".
Hiii again, I'm just going to ask if this right or not. In the transaction there is a amount that about the salaries of employee it is 25,000 to 30,000 what should I do with this? Is it correct that I add them?
Thank youuu!!!
Waiit why is the accounts payable in jan 21 credited? Didn’t the 2000 value decreased to 0? And since it decreased shouldn’t it be placed in debit?
(Im Accounting noob here and i just wnna know)
Hi Chad, are you referring to the ending balance on January 21? The 0 will be placed on the credit side because AP is a liability account with a normal credit balance. You should never see a debit *balance* in AP.
hot ones
Hi, can I ask if we also post contra accounts to the ledger?
Hello Onsong, yes, journal entries that have contra accounts must also be posted to the ledger.
TLC Tutoring Thank you, I mean the contra accounts themselves for example "Allowance for Doubtful Accounts".
Thanks'
I have a question, why is your voice so pretty? Thanks for the tutorial ^^
🥰🥰🥰
Hi I'm a Financial Accounting student, I made a miscalculation in my Cash account and now i have one debit and one credit of the same amount. I know i'm suppose to subtract the two. But I couldn't catch on to how you subtract when it's both the same.(both debit and credit are $3950) Do i just put zero and move on to the next ?
Yes, if you have one debit of $3,950 and one credit of $3,950, then the balance would be zero. However, be careful here! Cash will not usually have a zero balance, so I am assuming that you did the opposite to fix your error.
Happy studying, Era Alexandre!
Thank you so much ! Eventually thanks to a few more replays of this video and some questions from my teacher, I got the understanding.
What do you do if there are 3 accounts that you have to post over?
Just do each one individually. It's just like when there are two, just one extra.
What about items category
Hi good day! May I know the app/s you used in your presentation? I think it is better than excel.
It is Excel. I have some excel files available on the website: www.tlctutoringcompany.com
I just want to ask how do you put number per ledger is there a rule ?
The ledger account numbers have one primary rule. The assets are to start with the number 1, the liabilities are to start with the number 2, capital is to start the number 3, revenues are to start with the number 4, and expenses are to start the number 5.
FHCI gang wya -> Mr yip
Waddddup
Thanks! Very useful ....Could you please upload this worksheet as an Excel file........
Google e search de bokachoda
If the accounts payable is both credit what will i do?
If it has a credit balance and there is another credit, you will add that amount to the balance.
I need some basic pls , can u suggest or pin the link below pls
8:33
cash is an asset ? so y is it credited
Assets increase with a debit and decrease with a credit. So when cash is going down, we credit it.
wOW
Don't we include the item name or explanation? I want to understand it better
Depends. Some professors want you to include a memo. Personally, I don't want to see the memo from my introductory students.
e3 2019
Baka pwede po patulong to pakisagot
Too slow in download
you did what my account professor did not, show me anything at all. Literally, did not show me nuutting.
I hate my account professor.....