+Tanya Salas .. I co-sign this. I feel like they should rid textbooks in teaching and utilize tools such as this to teach. I wanted to cry when my textbook tried to explain this. But I just learned an entire "module" of accounting in 6 minutes and 17 seconds.
this is embarrassing that I learned more here, than with my school. I hate how the school structure is set up to make it more complicated than it has to be. Thank you for simplifying this whole thing.
I'm so lucky to be born in a time when we have the internet. I'm a visual learner who needs to see example after example. Because of Covid, all my lectures are pdf notes and it drives me crazy just looking at pages all day. Thank you for these videos, you're a lifesaver.
You sir are a person with the ability to teach. I will pay it forward by referring you to my fellow classmates and those that wish to learn from a master.
Larry this is a rock star plain vernacular explanation that even my 9 yr old daughter was able to follow and get it 100% correct. Seriously, most accounting programs professors love to clutter our heads with non-sense BS, constantly hiding the ball to make themselves look brilliant. THANK YOU!!!
Just like everyone else on here, I actually understood this, after more than a year of trying to get my head around accounting. Thank you so much for making this years ago, it’s still extremely helpful!
THANKYOU!!! I start an accounting internship this spring and i may be doing trial balances which prior to watching this video had no idea what they were because accounting 101 was a long time ago.
Such a crystal clear pin pointed explanation !! After watching a lot of videos on accounting that enhanced my confusion to even a higher level , this one made me understand the stuffs so easily.. Thanks a ton Sir :)
OMG!! Larry!!! Your 6 minute explanation is way better than 3 hour- explanation from my teacher. It seems fog disappeared after sunrise. I wish you could be my teacher ! I would 've loved accounting more If so. Thank you!!!
im a pure science student in primaryyy n even secondaryyyy and collegeee .. suddenly university , i got account and its been week 5 i havent understand anything my lecturer taught. I started to blame myself n dislike accounting bcause acc is weird . Yet, ffinally, through ur video , i understand how to interpret the question . Now i can calm down a bit haha . Although this video was uploaded 6 years ago , i want to thank u so much :)
Thank you so much for all your videos, they help so so much 🙏🏻 I hate my textbook because I can’t understand it at all but with these videos it actually makes sense!
This is an excellent tutorial. The use of T-Accounts really makes it easy to understand. When you've absorbed all of this you might want to go a step further and check out this little software called "Rushing Auditor". It's a small, but fast plain-vanilla ledger software. It's free for you to use up to 500 entries (it doesn't expire). It's simple to use, and is chock-full of error-trapping routines that keep you from making mistakes. It's a great learning aid. Just Google it using the keywords "Rushing Auditor".
Dr. Lynch? You sound EXACTly like Dr. Lynch, my accounting professor at SCC! Even your paperwork looks identical to what you show us in CNOW. Either way, your videos have been a great refresher. This class has been a breeze (spring 2023) because I took accounting twice in my previous education trials. Yes, I partied to much and had to drop out, but I definitely learned accounting before doing so. Fifteen years later and here I am--in accounting class with a only a few weeks left. I will complete school this time! Makes a difference when your parents aren't footing the tuition bill for you! Thanks again!
Let's say you have Electricity Expense (Expense is recorded as a debit) and in it you have Dr $3200 and Cr $3200, both sides will cancel out (3200-3200=0) which will not go in the trial balance as it's been paid
QUESTION? (If you're still around.) Do I carry a prior period Cash Balance, A/R Balance, etc onto the Trial Balance? Would you have the time to show a video on how to carry prior period balances forward, as they are entered on the General Ledger and then carried forward to the Trial Balance? Thanks
A 3 hour lecture could not do what you did in 6 minutes. Thank you so much!
yeah try, 4 hour lecture and i'm still sitting there like ....
I agree with you. 👍🏻
true I understand this lesson better than the lesson from my accounting professor 😭
2 hour lecture explained in 6 minutes love this guy
I UNDERSTOOD THIS MORE THAN MY LECTURE! THANK YOU
+Tanya Salas .. I co-sign this. I feel like they should rid textbooks in teaching and utilize tools such as this to teach. I wanted to cry when my textbook tried to explain this. But I just learned an entire "module" of accounting in 6 minutes and 17 seconds.
:D :D :D i laught at this man god bless you :D :D :D
same hahaha
professors can't teach
Me to
this is embarrassing that I learned more here, than with my school. I hate how the school structure is set up to make it more complicated than it has to be. Thank you for simplifying this whole thing.
After studying for months, all I needed to do was turn on this channel. Unbelievable, I got it! Finally
I listened to several lectures and couldn't complete my homework... I watched this video and I completed my homework in no time. Thank you!
You are ten times better than my lecturer. Thanks so much
god bless you :D :D :D
Reply 1
Adela Ali top lecture
I'm so lucky to be born in a time when we have the internet. I'm a visual learner who needs to see example after example. Because of Covid, all my lectures are pdf notes and it drives me crazy just looking at pages all day. Thank you for these videos, you're a lifesaver.
super agree with you
I understood this process better in 6 minutes than I did with two weeks (approximately 5 hours and 20 minutes) of class.
god bless you :D :D :D
You sir are a person with the ability to teach. I will pay it forward by referring you to my fellow classmates and those that wish to learn from a master.
This is the absolute perfect video for financial accounting thankyou so much
amazing feeling when the accounts balance :)
euphoric ! :D
YASS I THOUGH I WAS THE ONLY ONE.
Larry this is a rock star plain vernacular explanation that even my 9 yr old daughter was able to follow and get it 100% correct. Seriously, most accounting programs professors love to clutter our heads with non-sense BS, constantly hiding the ball to make themselves look brilliant. THANK YOU!!!
Just like everyone else on here, I actually understood this, after more than a year of trying to get my head around accounting. Thank you so much for making this years ago, it’s still extremely helpful!
STRUGGLING FOR TWO WEEKS IN CLASS AND I WATCH THIS! NOW I UNDERSTAND! I'M SO HAPPY ! THANK YOU
My mind is blown, i think i just understood accounts in 6mins. Things i have struggled with boom! God bless you sir, you are a gem🙌🏾🙌🏾🙌🏾
I watched at least 15 videos just to wrap my head around the debit and credit. This finally makes sense! Thank you so much!,
The best accounting videos on TH-cam! Taught so well and organized. Thank you my dear sir.
You are hands down the best accounting tutor
All I can say is thank you sir. You saved me in my accounting class. THANK YOU THANK YOU THANK YOU!!!!!
Who else is using this for accounting 101 in university
Me lol
me too lol
Me for high school
Brandon Hattingh me LOL! My professor is strict but everyone in my class is having hard time to getting her smh.
aye🖐
Glad I found you, you're 100 times better than the ones given to us in our assignments for viewing.
you just saved my life! I have an exam tommorow and I couldn't find this in my book....
I took a days to understand what my lecturer told me but this video, I just took 6 minutes to understand a whole thing!! Thank u so much!!
This video the best example of real life bookkeeping I've seen so far. Thank you!!
I got better understanding from this 5 minute video than from my lecturer in uni. Great work
This is one of the most helpful, useful and informative videos I have ever watched. Thank you!
This is actuallly more helpful than my college accounting class
THANKYOU!!! I start an accounting internship this spring and i may be doing trial balances which prior to watching this video had no idea what they were because accounting 101 was a long time ago.
It's proof that the education system might need improvements if a six minutes video can do better than an actual class
Thank you so much. I'm going to write an exam today and this really helped!
Such a crystal clear pin pointed explanation !! After watching a lot of videos on accounting that enhanced my confusion to even a higher level , this one made me understand the stuffs so easily.. Thanks a ton Sir :)
Tremendous. Learnt what I couldn't in two hours of lectures within 7 minutes!
OMG!! Larry!!! Your 6 minute explanation is way better than 3 hour- explanation from my teacher. It seems fog disappeared after sunrise. I wish you could be my teacher ! I would 've loved accounting more If so. Thank you!!!
god bless u, i was having so much problems with debit and credit on ledger accounts but not anymore thank u!!!!!!!!!
Thankyou for this video, needed this video the day before my test and this was very helpful and easy to understand. Great job
Ooh professor that so nice of you for your patient time you are explaining in T. Account brave explanations sir.
Oh my , thank you sir ❤ I easily understand your lecture just 6 minutes ❤
Thank u sir
This helped me a lot
Today I had my exams and I didn’t know how to do this and this helped a lot
totally agree with you
im a pure science student in primaryyy n even secondaryyyy and collegeee .. suddenly university , i got account and its been week 5 i havent understand anything my lecturer taught. I started to blame myself n dislike accounting bcause acc is weird . Yet, ffinally, through ur video , i understand how to interpret the question . Now i can calm down a bit haha . Although this video was uploaded 6 years ago , i want to thank u so much :)
One sided errors require a suspense account
Two sided errors don't require a suspense account
Great video
I have an accounting exam today and I think you just saved my life : O
This video cleared my huge problem in balancing off and how to create a Trial Balance.
Thank you so much for all your videos, they help so so much 🙏🏻
I hate my textbook because I can’t understand it at all but with these videos it actually makes sense!
This is an excellent tutorial. The use of T-Accounts really makes it easy to understand. When you've absorbed all of this you might want to go a step further and check out this little software called "Rushing Auditor". It's a small, but fast plain-vanilla ledger software. It's free for you to use up to 500 entries (it doesn't expire). It's simple to use, and is chock-full of error-trapping routines that keep you from making mistakes. It's a great learning aid. Just Google it using the keywords "Rushing Auditor".
Oh mah gosh, this was incredibly helpful! Way better explained than my professor, thank you.
Thankyou so much for this Sir. This video is a big help in my accounting midterm exam. More power and Godbless
I know the last time you posted was like 2 years ago BUT GOD I LOVE YOU THANK YOU FOR THIS!!
This was amazing.! Thank you! I learned an understood more in less than 5 mins then a long ave class.! Amazing! Thank you.!😊
amazing presentation....really very helpful..thanks for explaining it in such a great way...
Thank you so much for posting this video. You explained it so well. Your video helped me a lot! keep posting please.
This 6 minutes tutor helps me better than my 2 hours class account lol... thx
This really helped me to understand accounting and how to prepare a trial balance thanks a bunch :) :)
god bless you :D :D :D
Dr. Lynch? You sound EXACTly like Dr. Lynch, my accounting professor at SCC! Even your paperwork looks identical to what you show us in CNOW. Either way, your videos have been a great refresher. This class has been a breeze (spring 2023) because I took accounting twice in my previous education trials. Yes, I partied to much and had to drop out, but I definitely learned accounting before doing so. Fifteen years later and here I am--in accounting class with a only a few weeks left. I will complete school this time! Makes a difference when your parents aren't footing the tuition bill for you! Thanks again!
thank you sir I couldn't have done it without your videos 🥺🥰
Nice refresher, trying to help a co-worker with an accounting problem and it's been a few years since my last accounting class.
This really helped me in my homework Thankyou so much 🥺 this explanation saved me from getting scold by my accounting teacher 😅😂🤣
Awesome! Never understood the trial balance until now.
Thanks!
Thank you so much! I love the way you explain everything it makes it look so easy.
Best accounting teacher on youtube. And thhaaaaaatsss on meeeee!
Very short smart tuto thanks a lot you save my brain
May God bless you
Sir you are great. It really helped me to understand trial balance.
True, it's actually better than my Trial Balance video, which I spent many hours making :))
Thank you for this! It really helps me❤
Larry, thank you so much it is absolutely professional lecture.
That was nicely done Accounting Tutor:)
Thank you veryyyyyyyyyyyy much sir this definitely helped me.. you are a life saver
an hours lecture explained in less than 10 mins and in much more detail…. No wonder everyone says university is a scam
Your video gave me confidence to what I know. Thank you!
Wow you are a fabulous teacher! Thank you!
Excellent: God bless you what a great explanation.
I want to cry you have helped me so much.may god bless you :')
the best lecturer in the world is you LARRY
Let's not forget month-end adjustments!!! Those would JEs you enter at month end to close the books: Deferred Rent, Amortization, Depreciation, etc.
Very organized and excellent explanation.
Thank you so very much for sharing!!!!!! you made this very comprehensible
Thank you so much you help me a lot,really appreciate your lesson👍👍👍
Thanks Larry for such a nice presentation.
Thanks You are better than my lecturer.
After watching for 17s, I knew that this was a very good resource. 750k views for an accounting video as of Sep 21 attests to that.
so if i have in both Dr and Cr side same transaction for example (3200 $ | 3200 $ ) so what i have to wrote in trail balance ?
Let's say you have Electricity Expense (Expense is recorded as a debit) and in it you have Dr $3200 and Cr $3200, both sides will cancel out (3200-3200=0) which will not go in the trial balance as it's been paid
Can someone please tell me what is the difference between notes payable and account payable i can't understand
i dont really know what to say no words could ever be enough to thank
Thanks you explained it better than my teacher🙂👍🏿
That is all my professor at Citytech NYC had to do. Ugggh thanks a million
Thank you so much for your explanation, it has helped to simplify concepts!!!
you are awesome at clarifying these. Thanks.
For some reason these were the longest 6 minutes of my life.
Very nice videos, I really appreciated and found satisfactory.
this old video is better than my 2020 lecturer
Why can't my textbook be this simple - you're great !
This actually helped me in my class thank you!
It really helps alot for me as a beginner in accounting.
Good one. Really Good One.
Helped me having a quick revision.
Taking Accounting 101 and again as I came from previous video these ledgers helped me a lot.
Just fucked up my exam. Posted balances at wrong place. Thanks for the knowledge tho, prof couldnt teach this but u did in 6 minutes tysm 👾✨
Thank you for this video! Helped me understand this so much easier! x
QUESTION? (If you're still around.) Do I carry a prior period Cash Balance, A/R Balance, etc onto the Trial Balance? Would you have the time to show a video on how to carry prior period balances forward, as they are entered on the General Ledger and then carried forward to the Trial Balance?
Thanks
U literally just saved me god bless u❤
thank you so much i was having so much trouble with this and the lecture and notes weren't helping me
thanks again!!!
this can help me in my exam amazing :)