Rules of Debit and Credit

Lecture 5 Rules of Debit and Credit
Caption: The rules of debit and credit are basic principles of double-entry accounting that govern how financial transactions are recorded. Debit accounts are increased by debits and decreased by credits, while credit accounts are increased by credits and decreased by debits. These rules apply to different types of accounts, such as assets, liabilities, equity, revenue, and expenses. By following these rules, accountants can ensure accurate recording of financial transactions and maintain the accounting equation.
Keywords: Rules of debit and credit, double-entry accounting, financial transactions, accounts, debits, credits, assets, liabilities, equity, revenue, expenses, accounting equation.
LECTURE 1 FICTITIOUS ASSETS
• Fictitious Assets
LECTURE 2 SHARE MARKET
• SHARE MARKET
LECTURE 3 DEPRECIATION::DEPLETION::AMORTIZATION::CONCEPT
• DEPRECIATION::DEPLETIO...
LECTURE 4 ACCOUNTING TERMS
• Accounting Terms II Ni...
LECTURE 5 RULES OF DEBIT AND CREDIT
• Rules of Debit and Credit
LECTURE 6 OUTSTANDING EXPENSE
• Outstanding Expense
LECTURE 7 OUTSTANDING INCOME
• Outstanding Income
LECTURE 8 PREPAID EXPENSE
• Prepaid Expense
LECTURE 9 UNEARNED INCOME
• Unearned Income #nitingoelclasses
Accounting MCQs Video 1 : • MCQs Accounting and Fi...
Accounting MCQs Video 2: • MCQ Accounting and Fin...
Let Us learn the Rules of Debit and Credit for All levels of learners.

[@nidhisshdhandhaania5875]

This was a much needed video. Thank you ❤️

[@96Munish]

Sir this is fabulous. After 4 year in accountancy now properly clear my doubt

[@tayyabarif9536]

First viewer from Pakistan sir

[@prasoonpratapsingh2429]

Tumhare yha bhi yhi syllabus h kya bro?

[@tayyabarif9536]

@@prasoonpratapsingh2429 Bhai accounting zyada tar same hoti hai ma icom part 1 ka student hon aur yahi sab kuch hai us my b

[@RaviSainiravisaini786]

Thank you so much, Sir,
Sir please I highly request you that make new videos on these topics as soon as possible if possible for you. bcs I have an exam on 12 September 21.
Topic 1: Income Tax, income provisions about salary and provisions related to chapter VI- income tax act 1961
Topic 2: Provision relating to TDS & form to be filed with the income tax department

[@aliakhtar4241]

Good explanation sir

[@gaurimla6091]

Tnku

[@manjushreeyogeshchavan6870]

Ultimate video sir. Absolutely understanding the logic

[@turvikashyap]

Best way to understand

[@SandeepKaur-hl3kz]

Thx so much sir, very helpful vidoe 👍👍👍👍

[@sunithalder1900]

Thank you Sir ❤️ 🙏🏻

[@PankajSingh-ej9ii]

Tqqso much sir..ur superb teacher

[@KirandeepKaur-mq7qu]

You are genius sir🙏

[@rakeshchauhanrakeshchauhan2224]

thankyu so much sir

[@priscilla7471]

Thank you

[@sureshshaw9555]

Sir, In case of death why p&L suspence a/c is shown in the balance sheet asset side

[@03-a-anjalibarnawal76]

Ty sir

[@sardanariya7gmail]

Thanku so much sir for this vedio🥰🥰🥰🥰🥰 this help me so much in this lockdown I request you to make a updated vedio on this topic for 2021 students 🥰🥰😇

[@Rahulsingh-eq5bz]

Very helpful video sir 🙏
Jrnl entry ki bhi video lana sir

[@nitingoel]

Aap likho Journal ledger and trial balance nitin goel
Mil jaegi👍👍

[@rishiraj9131]

🙏👍

[@parveshkhatik3708]

sir ek baar ek acchi video bna dijiye ledger ki or trial balance ki oe questions bta dijiye sath m

[@nishupal6609]

Sir plz cover uppcl assistant accountant sylabuss for uppcl by your videos thanku so much in advance.

[@FatimaZahra-vp1rz]

Thank you Sir for your affordable! Dr and Cr no meaning at all Kaise ho Sakta hai Sir... Jab ki 80% Mcq Dr aur Cr k upar aate hai..... Sir iss Dr aur Cr ne puri tarah se confused kar diya hai .... So if possible then plzz upload more video on basis of Dr and Cr...... Baaqi thank you sir ji.... Aur Sir ek baat bolna bhool gyi... Aapne bank reconciliation statement m discount column nhi padhaya hai sir.... Uske upar bhi bohot mcq aate hai sir ji.... So if you have time then plzz make video on discount column..... It's a humble request 💛💛💛🙏🙏🙏

[@harbanskaur58]

Ssa sir for competitive exam can u plz provide playlist to cover all topic of accountancy

[@sakshamyadav5894]

Plzzzz sir

[@RohitKumar-ii6xv]

Sir account assistant ka mock test karwa do

[@onlysocialscience5405]

Sir aap gbet library mai aate the

[@anshyt5188]

Nice video sir 🤗
Sir please make video on cost of capital 🙏❤️

[@nitingoel]

Soon will start full fin management

[@anshyt5188]

@@nitingoel yes sir thank you so much it will really helpful 😊

[@pratiterracegarden3213]

Rent received but not not accrued
Me rent acct dr aur advance acct cr hoga ya iska ulta

[@nitingoel]

Cash Ac Dr
To Advance Rent Acc

[@RITESHKUMAR-hw8ky]

Thanks sir Ki rules ko wall per lagaye

[@RITESHKUMAR-hw8ky]

Sir Kya b.com l ll lll Teno Ka total subject Kara deye hai sir

[@ravichaudhry5430]

Sir jaise hamara bank account aata h usme agar paisa aata h toh credit hota or pay kiya jata h toh wo debit hota h.. Is m bhi yahi rule apply hota hai.. Please reply this sir....! Video is awesome... 🙏🙏

[@nitingoel]

No that is As per Bank Pass book. Aap meri bank reconciliation ki videi ka 0art 1 dekho samjh jaoge

[@ravichaudhry5430]

@@nitingoel okay sir i will watch and thank you

[@porwalabhichamp216]

Sir corporate account ki video post kare please

[@bhataamir6794]

Cost Accounting, please sir

[@nitingoel]

Search Cost Accounting Nitin Goel
You will get complete playlist

[@RITESHKUMAR-hw8ky]

Please bataiyega sir

[@prasoonpratapsingh2429]

Debit comes in lekin nominal me change ho gya kaise

[@sakshamyadav5894]

Sir plzzz tally prime ki series b start kiziye plssssssss plzzzzzz plzzzzz

[@_its_AK_creations]

Sir income ki book snd krdo

[@kamleshsahu8525]

Thanks sir

[@RITESHKUMAR-hw8ky]

Main b. Com 3rd Year me hai per teno sal ke video dekhana chahtahu

[@teenakumari7104]

Income tax 6th sem syllabus ,,,,,please sir😯😯😯

[@teenakumari7104]

Sir income tax subject ki vedio post krdijiye😯😯😯

[@Malayamakiya]

Donot know why are you again recording this video.

[@nitingoel]

Sometimes new students are not able to find videos. Also new videos always have some new ways and examples

[@Malayamakiya]

@@nitingoel love from pakistan

[@devanshgupta4107]

@@Malayamakiya Love from India 🙂

[@sakshamyadav5894]

Plzzzzz sir