THE DOUBLE ENTRY RULE (PART 2)

แชร์
ฝัง
  • เผยแพร่เมื่อ 30 ก.ย. 2024
  • This video gives a practical illustration on how to enter transactions into ledger accounts using the double entry rules

ความคิดเห็น • 162

  • @FOGAccountancyTutorials
    @FOGAccountancyTutorials  2 ปีที่แล้ว +35

    Please the old WhatsApp number isn’t working anymore
    This is the new WhatsApp number👇🏻
    +233596316536
    Thanks

    • @afanteysaviour8677
      @afanteysaviour8677 ปีที่แล้ว +1

      Welcome 🙏 sir

    • @sparks1261
      @sparks1261 ปีที่แล้ว +1

      Wonderful

    • @luckybale8334
      @luckybale8334 ปีที่แล้ว

      Tried txting you via WhatsApp, buh with no response, don't know if the number is still in use

    • @Lorkey_ol
      @Lorkey_ol 10 หลายเดือนก่อน +3

      Please sir do you have a whatsApp group I'll really love to join.

  • @bridgetmose1734
    @bridgetmose1734 3 ปีที่แล้ว +37

    Best teacher in the whole world

  • @mauriceogu5394
    @mauriceogu5394 7 หลายเดือนก่อน +7

    I'm certain that even the bleating goat in the background learnt a whole lot from this video. You're really worth your onions!

  • @agominabanurika-yuekanbeydavid
    @agominabanurika-yuekanbeydavid 3 หลายเดือนก่อน +4

    In fact, this is the best accounting lecturer ever.
    May the good LORD keep you safe and healthy now and the rest of your life.
    I love ❤ your lectures so much.

  • @Ken-ro4du
    @Ken-ro4du 2 ปีที่แล้ว +20

    I’m not even going to exaggerate, this man has helped me IMMENSELY with these videos
    I have no accounting foundation and couldn’t understand lectures and tutorials but just started watching today and I’ve learnt more than all my lectures 😬🙏🏼.. Thank you, God bless you

  • @aloshashumba8725
    @aloshashumba8725 2 ปีที่แล้ว +7

    Goat noises in the background because he is the greatest teacher of all time!

  • @unclesyd9240
    @unclesyd9240 3 ปีที่แล้ว +8

    Just shared the link with my whole class❤️

  • @JudithNatukunda
    @JudithNatukunda 7 หลายเดือนก่อน +4

    Well done sir, you are a great blessing to many of us.

  • @kuicwabad93
    @kuicwabad93 8 หลายเดือนก่อน +4

    As a foreign student studying in India where most tutors teach in Hindi, it was not easy for me to understand anything in Accounting for Managers, having landed on your videos. I now have the confidence to do my exams comes February. Thanks a lot sir 🙌🙏

  • @mustaphalurisulemani9141
    @mustaphalurisulemani9141 3 ปีที่แล้ว +9

    This man is just excellent. I didn't know even a single thing about accounting. Now you are making me an Accountant 😀. God bless you sir.

  • @FreeGamer-c8j
    @FreeGamer-c8j หลายเดือนก่อน +1

    Watching as a 1st year student in nigeria you actually making this study easy for me even better than my lecturers who teach us once a week i want to say God will surely bless you

  • @princeocquaye5877
    @princeocquaye5877 4 ปีที่แล้ว +5

    did not get this in class but i am good now. ...thanks sir

  • @recavegot7232
    @recavegot7232 3 ปีที่แล้ว +4

    Thank you soo much, I have to share this too, you're very talented and you have passion in financial accounting, you've enlighten me sir

  • @Almasi33
    @Almasi33 ปีที่แล้ว +3

    I really enjoyed ur teaching sir
    As the first time doing accounting in the university
    It’s really help.
    I salute Sir ❤

  • @virginiakanini6632
    @virginiakanini6632 ปีที่แล้ว +3

    Am from Kenya and learning alot ..have decided to "drop" my CPA and instead learn from your tutorials...you really helping many aspiring accountants.God bless you Sir

  • @KevinHofahe-bk4zq
    @KevinHofahe-bk4zq ปีที่แล้ว +2

    Wow! You the man,last year I watched your videos on partnership business and did my assignment and got all correct and now iam watching this for another assignment. Thanks and keep on making more videos because most of the accounting lecturers at the universities and colleges are not explaining well. Thumps up for your effort👍

  • @gladysngekia3098
    @gladysngekia3098 ปีที่แล้ว +3

    I spent six years in school and I never understood this. but I came across ur video yesterday, and I learnt double entry through ur teaches in an hour. Thank u sir🙏

    • @hlobsilekhumalo5891
      @hlobsilekhumalo5891 5 หลายเดือนก่อน

      even me, i even do diploma but i ddnt understand it. thank u so much

  • @edwardboateng9112
    @edwardboateng9112 2 ปีที่แล้ว +3

    You are an epitome of excellence❤️.... God bless you

  • @ashleynyanteh8725
    @ashleynyanteh8725 2 ปีที่แล้ว +1

    Am I the only one hearing the goat in the background?💀

  • @pinkvelvetcakes8168
    @pinkvelvetcakes8168 2 ปีที่แล้ว +1

    The camera man had one Job, but nice explanation keep up the good work sir

  • @chandamupinde6083
    @chandamupinde6083 3 หลายเดือนก่อน +1

    This man is definitely the best, I used to have difficulties in understanding the double entry rules

  • @munyairabelani9246
    @munyairabelani9246 2 ปีที่แล้ว +1

    My lecture taught me n I didn't understand anything. But u made me understand 😃❤️ thanks sir. From SA🇿🇦God bless you

  • @robertchola9938
    @robertchola9938 4 ปีที่แล้ว +2

    I want example questions on collection of errors and suspense accounts otherwise u a good lecturer. God bless u

  • @chumamwakio9511
    @chumamwakio9511 2 ปีที่แล้ว +3

    your really helping me in my accounting unit God bless you

  • @Agt1gly66
    @Agt1gly66 2 หลายเดือนก่อน

    You're an outstanding teacher who explains accounting concepts clearly and vividly. Greetings from London!❤

  • @WolfGalaxy-pp5gv
    @WolfGalaxy-pp5gv หลายเดือนก่อน

    Please so far you’re the greatest FA tutor I’ve ever seen and it’s evident in the comments section. But please your videos keeps blurring and it makes my eye teary. if you can do something about it I would be grateful 👍🏽

  • @subrenathornhill1
    @subrenathornhill1 ปีที่แล้ว +1

    You are an Awesome teacher I was trying for weeks to understand this and it was really difficult but looking at your videos make me understand everything I needed to know thank you so much🥺🥺

  • @MugishaSimon-j3x
    @MugishaSimon-j3x 3 วันที่ผ่านมา

    Please sir, thanks for the lecture,🙏 ledgers are disturbing me

  • @emekaigwe1261
    @emekaigwe1261 2 หลายเดือนก่อน

    Good evening sir...I thank you for this lecture... however sir I have a small question: since the business received a discount from Tunde I was thinking that d discount will be captured as a debit entry in d discount account of d business and as a credit entry in tundes account ?

  • @MarjidahTahiru
    @MarjidahTahiru หลายเดือนก่อน

    With the transaction of June 14th I thought you said you only open a personal account when its a credit transaction but it wasn't

  • @natashakapaso1852
    @natashakapaso1852 2 หลายเดือนก่อน

    May God bless you are so informed I am ever appreciative you teaching us.

  • @louissottie4697
    @louissottie4697 10 หลายเดือนก่อน

    Pls my question is since the cash book serves as a journal and a ledger , and in a question like this having cash and bank transaction can you prepare a double column cash book so it covers most of the transaction as we open individual ledgers for other part of the transaction affected by ban or cash?

  • @AkankwatsaShirat
    @AkankwatsaShirat 20 วันที่ผ่านมา

    I have failed to understand how ur crediting and debating these accounts

  • @louissottie4697
    @louissottie4697 10 หลายเดือนก่อน

    Good morning sir , I really appreciate your explanations they are really awesome ❤❤

  • @dansoabeam4404
    @dansoabeam4404 2 ปีที่แล้ว +1

    FOG has made accounting very simple to understand nd i really appreciate it

  • @Tachie_Alexander
    @Tachie_Alexander ปีที่แล้ว +1

    Very powerful

  • @nelsonharrisontembo
    @nelsonharrisontembo 5 หลายเดือนก่อน

    I really had difficults to understand this in class now am good to go, thanks so much sir

  • @talentoguineanaeg5080
    @talentoguineanaeg5080 7 หลายเดือนก่อน

    GOOD MORNING SIR, WOULD LIKE YOU TO HELP WITH FINANCIAL ACCOUNTING 3

  • @Airmax-b9v
    @Airmax-b9v 5 หลายเดือนก่อน

    ur nw my entreprenuership teacher becoz i understand nw ur teaching

  • @mariciadublin7022
    @mariciadublin7022 3 ปีที่แล้ว +2

    Thank you sir for sharing this video. I am understanding the theory. May God continue to bless you as you share your knowledge with others

  • @samsonsegun3091
    @samsonsegun3091 7 หลายเดือนก่อน +4

    I can't stop receiving lectures from you. Thumbs up for you

  • @bagababuudalaa8774
    @bagababuudalaa8774 3 ปีที่แล้ว +2

    Great work sir. GOD BLESS YOU.

  • @RuthAdikumah-qz8ud
    @RuthAdikumah-qz8ud ปีที่แล้ว

    Pls what if the person u bought the goods on credit from name is not there how will you write that account.

  • @RuthAdikumah-qz8ud
    @RuthAdikumah-qz8ud ปีที่แล้ว

    Pls what if the person u bought the goods on credit from name is not there how will you write that account.

  • @abdisitaarbardaan8399
    @abdisitaarbardaan8399 ปีที่แล้ว

    Can we get the notes from the chapter cause we didn't see well the examples teacher

  • @hassanabaldeh
    @hassanabaldeh 8 หลายเดือนก่อน

    Sorry sir I don’t understand June 2 open business is it not capital

  • @yellowegoodness3573
    @yellowegoodness3573 27 วันที่ผ่านมา

    God bless you sir. Nice teaching

  • @unclesyd9240
    @unclesyd9240 3 ปีที่แล้ว +3

    You should be awarded the best teacher in the world

  • @ugwumalachychidubem8265
    @ugwumalachychidubem8265 5 หลายเดือนก่อน

    Is loan from a friend a capital or an asset in a sole proprietor business

  • @CANCERLESSONS
    @CANCERLESSONS 11 หลายเดือนก่อน

    what if instead of tundes account you use credit account on the purchases

  • @ganyasulaiman7161
    @ganyasulaiman7161 5 หลายเดือนก่อน

    Thank you very much. i have understood alot

  • @ChurchilSiroi
    @ChurchilSiroi 10 หลายเดือนก่อน

    i like all of this I cannot imagine I now understand FA

  • @DaniellaSaliah
    @DaniellaSaliah 6 หลายเดือนก่อน +1

    Dear sir God bless you

    • @Eberechima-i4h
      @Eberechima-i4h 5 หลายเดือนก่อน

      You dey write jamb 😂

  • @rhodaofori3282
    @rhodaofori3282 7 หลายเดือนก่อน

    If it is credit sales , what are the two accounts involved

  • @jasminescott5435
    @jasminescott5435 หลายเดือนก่อน

    VERY IMPRESSED. THANK YOU

  • @okparavictor3464
    @okparavictor3464 9 หลายเดือนก่อน

    I'm loving this man already 😂

  • @fortunateasiimwe5205
    @fortunateasiimwe5205 5 หลายเดือนก่อน

    Discount received entries. Not clear

  • @owensampson4860
    @owensampson4860 9 หลายเดือนก่อน

    Sir I love the way you are lecturing

  • @HonoreParfait
    @HonoreParfait 3 หลายเดือนก่อน

    What are you working for?

  • @yasmindorothy9458
    @yasmindorothy9458 2 ปีที่แล้ว

    Sir l don't understand the last question

  • @rodarosa7711
    @rodarosa7711 3 ปีที่แล้ว +1

    Please go into details of debit and credit

  • @eustaceekkatongo840
    @eustaceekkatongo840 3 ปีที่แล้ว +1

    Nice video,too fast though😊

  • @MondayGentle
    @MondayGentle 7 หลายเดือนก่อน

    God richly longlifely bless u

  • @samuelnanankansah7340
    @samuelnanankansah7340 2 ปีที่แล้ว

    I suggest next time you emphasise on the fact that every transaction affects AT LEAST TWO accounts since it could affect more than two accounts. An example is where an entity purchases a non- current asset say, Motor Vehicle, pays half instantly and decides to settle the rest at a later date. Such a transaction would affect THREE ACCOUNTS: The Motor Vehicle Account, The Cash Account, and The Creditor's Account. Thank you!

  • @liramindisland24
    @liramindisland24 ปีที่แล้ว

    Watching from Tz …Sir God bless you coz it’s only you I can understand after 100 accounting teachers 😢

  • @talentoguineanaeg5080
    @talentoguineanaeg5080 7 หลายเดือนก่อน

    YOUR TOTORIALS ARE VERY INTERESTING

  • @jennyfrank3762
    @jennyfrank3762 8 หลายเดือนก่อน

    Thank you sir I was worried I won’t be able to perform will in the exams 😢but now I’m so excited to write the exams cause u made it very simple for me ❤… God bless you

  • @fleciahmbogo
    @fleciahmbogo 4 หลายเดือนก่อน

    You know what! have watched this video after 4years and you know what,it's amazing.🔥

  • @josephtamme4810
    @josephtamme4810 2 ปีที่แล้ว

    For the discount account. Why is it not debit and Tunde account credit. Because Tunde gave 120 cedis discount ie he is giving. And the Discount account is receiving. Hope you will reply.

  • @seniorneymar3923
    @seniorneymar3923 2 ปีที่แล้ว

    I was taught the simplest way using some acronyms; SRCI is for credit and PADER is for debit.
    S- sales, R- returned outwards....

  • @EmmanuelChisomDugboEmmaxSomi
    @EmmanuelChisomDugboEmmaxSomi 7 หลายเดือนก่อน

    Please change your camera man

  • @GideonMwila-kw3tv
    @GideonMwila-kw3tv ปีที่แล้ว

    Enjoying your lecturing ⭐⭐

  • @ChristianaBorbor-w7u
    @ChristianaBorbor-w7u 11 หลายเดือนก่อน

    I love the teaching , he made me to understand.
    ❤❤❤❤❤❤

    • @ChristianaBorbor-w7u
      @ChristianaBorbor-w7u 11 หลายเดือนก่อน

      God bless you and give your children long life and prosper in life

  • @StephanoBenson
    @StephanoBenson 24 วันที่ผ่านมา

    Your the best lecturer

  • @okoawomosesmirabel1186
    @okoawomosesmirabel1186 ปีที่แล้ว

    You just demystified the double entry Principle. Thank you Sir.

  • @baturealhassan2005
    @baturealhassan2005 2 ปีที่แล้ว

    Good afternoon colleagues, please assist me with this question : cashbook with opening balance of 200,cash sales of 500, cash payments of 300 and closing balance of 400 .requirement prepare trial balance

  • @mercymwale4431
    @mercymwale4431 3 หลายเดือนก่อน

    Through these teaching I will pass with flying colours.

  • @jerryjared8348
    @jerryjared8348 ปีที่แล้ว

    Wow you are really helping me sir
    I am heading for my FA exam tomorrow with confidence! God bless you 👑

  • @mascudyare305
    @mascudyare305 10 หลายเดือนก่อน

    May God bless you teacher 🤲😊I’m just proud of how you helped me

  • @qaisalsndi9324
    @qaisalsndi9324 ปีที่แล้ว

    you don't know how much I appreciated it, thank you so much, Allah, bless you. i dont want to say that you are the best one but I can say you are the best one for me cuz I spent a lot of time understanding accounting I was so confused but now it's so clear to me. thank you so much again. if am in Nigeria I will come and thanks you but am not there,

  • @AbdouKarimJarra-t6q
    @AbdouKarimJarra-t6q 9 หลายเดือนก่อน

    Thank you sir or should I say the best financial accounting teacher in the world your explanations are top notch

  • @blind_thoughts
    @blind_thoughts หลายเดือนก่อน

    Thank you sir.

  • @rabiolalekan9690
    @rabiolalekan9690 12 วันที่ผ่านมา

    Weldon sir

  • @CATHERINESAMKI-cl6sq
    @CATHERINESAMKI-cl6sq 8 หลายเดือนก่อน +1

    Good job 👏

  • @sandraboateng7273
    @sandraboateng7273 2 ปีที่แล้ว

    Aww I'm so grateful. Understanding this concept was my headache . U have made it so simple. God Bless you

  • @mugyenyisylvia2586
    @mugyenyisylvia2586 ปีที่แล้ว

    YOUR THE BEST BIG MAN

  • @promisemalikita7246
    @promisemalikita7246 2 ปีที่แล้ว

    you too genius, well explained have been suffering to recognize which one is debit and credit but with this am well equipped. thumb up from Malawi

  • @catherinemwila2673
    @catherinemwila2673 25 วันที่ผ่านมา

    Wow 🎊🎊🎊🎊 2024

  • @kingbadjeiobeng-fosu6034
    @kingbadjeiobeng-fosu6034 3 ปีที่แล้ว +1

    This is very helpful

  • @mugishageofrey8671
    @mugishageofrey8671 ปีที่แล้ว

    Felix you're the best

  • @mbakablessing6840
    @mbakablessing6840 2 ปีที่แล้ว

    Thank You, I have been battling with this for over a long time. God bless you 🇳🇬

  • @ByamukamaInnocent-u9o
    @ByamukamaInnocent-u9o 2 หลายเดือนก่อน

    A good teacher

  • @dorcasobomihedo6437
    @dorcasobomihedo6437 ปีที่แล้ว

    MR FOG, you’re blessed
    Ur memory is blessed and it has become a blessing to others
    God bless you sir 😊

  • @dorameyer8385
    @dorameyer8385 2 ปีที่แล้ว

    Thank you very much for helping me A LOT to get a better understanding under this topic of bookkeeping

  • @solomonasare5981
    @solomonasare5981 11 หลายเดือนก่อน

    We received the discount so why did you debit Tunde

    • @techcrypto5301
      @techcrypto5301 4 หลายเดือนก่อน

      Debit the receiver credit the giver, be alert in class

  • @iddrisulukemanmangasor9302
    @iddrisulukemanmangasor9302 ปีที่แล้ว

    we didn't see the question

  • @gedeprincewill3862
    @gedeprincewill3862 8 หลายเดือนก่อน

    This guy should be given Nobel prize for Teaching

  • @rex6447
    @rex6447 ปีที่แล้ว

    May Allah grant you everything you wish for SIR❤

  • @pulynyabs5948
    @pulynyabs5948 หลายเดือนก่อน

    Great lesson

  • @SelsaAnegarach
    @SelsaAnegarach 11 หลายเดือนก่อน

    Thanks for good work