DEPRECIATION BASICS! With Journal Entries

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  • เผยแพร่เมื่อ 23 พ.ย. 2024

ความคิดเห็น • 587

  • @AccountingStuff
    @AccountingStuff  4 ปีที่แล้ว +66

    What should we cover next??
    TIMESTAMPS
    00:00 - Intro
    00:29 - What is Depreciation?
    01:09 - Why do we Depreciate?
    01:11 - Accrual Method of Accounting
    01:43 - Adjusting Entries Definition
    02:03 - How does Depreciation work?
    02:21 - Capitalization Definition
    02:43 - Depreciation Methods
    03:39 - Depreciation Schedule
    04:01 - How to record Depreciation using Journal Entries
    04:05 - Journal Entry Definition
    04:11 - DEALER (Accounting Acronym)
    04:43 - How to Capitalize an Asset
    06:28 - How to Record a Depreciation Expense using Journal Entries
    08:03 - Contra Asset Definition
    10:36 - Clearing Journal Entry

    • @r.a.p.h4481
      @r.a.p.h4481 4 ปีที่แล้ว +1

      While we are in the kitchen anyway - how about cooking the books?

    • @ibu673
      @ibu673 4 ปีที่แล้ว +1

      Hi James,
      Can you post a detailed video on Investments in Equity & Debt Securities?
      Great channel btw. Thanks!

    • @PROEKT_13
      @PROEKT_13 4 ปีที่แล้ว +9

      BAD DEBTS AND PROVISIONS FOR THEM !!!!!!!! God, i dont really understand this topic( Please James, i'd REALLY appreciate it

    • @hley1986
      @hley1986 4 ปีที่แล้ว +8

      Please cover gain or loss on disposal

    • @princewokeh4942
      @princewokeh4942 4 ปีที่แล้ว +1

      Public finance

  • @bman6751
    @bman6751 4 ปีที่แล้ว +342

    Sitting in college for 4 years and I've learned more in 2 videos than my entire time here. I am almost positive they over complicate text books.

    • @mistermystery819
      @mistermystery819 3 ปีที่แล้ว +13

      They do and Infact since I have been watching his Vids I have surpassed my Books so to say and Aced EVERY test I dont even study from my books anymore.

    • @sapsalingpusacattalkmaykwe1556
      @sapsalingpusacattalkmaykwe1556 3 ปีที่แล้ว +3

      Wow hoping to ace mine too. With this tips here i almost perfect mine.

    • @marthadelossantos3918
      @marthadelossantos3918 3 ปีที่แล้ว +2

      You ARE Amazing, Cool and SO INTELLIGENT💯Every subject with your invaluable explanation comes to be a piece of cake!🤗🙋‍♀️

    • @thedekunutt8982
      @thedekunutt8982 2 ปีที่แล้ว +5

      It's because colleges have the wrong incentives. Accounting Stuff needs to make engaging interesting videos that have value in order to keep you here. Colleges already have your money and don't care about making the material engaging. It's a big reason why our education system is broken.

    • @omidfarhad1685
      @omidfarhad1685 ปีที่แล้ว

  • @mo-ju4zk
    @mo-ju4zk 4 ปีที่แล้ว +157

    Hey man, i just wanted to say thank you, REALLY. i passed my exams while i was really late in my revisions thanks to your videos.

  • @blast2686
    @blast2686 4 ปีที่แล้ว +71

    This is probably the best intro on TH-cam I've ever seen

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +6

      Thanks buddy, I'm glad you enjoyed it!

  • @jennymulhall816
    @jennymulhall816 4 ปีที่แล้ว +38

    I’m about to sit my first year financial accounting exams in two weeks and your videos and cheat sheets have really helped me wrap my head around some really complex (to me, anyway) accounting concepts. Thank you very, very much, James! ❤️

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +3

      No worries Jenny, best of luck! Hope you ace them

  • @mulalondadza1148
    @mulalondadza1148 4 ปีที่แล้ว +26

    You are one of the best accounting tutor ive seen in TH-cam.... mostly due to the amount of work u put in your videos, i know it takes a lot of hours just for 5 minutes video with that i truly appreciate your talent..... THANK YOU SO MACH 🙂🙂🙂🙂🙂🙂🙂🙂I TRULY ENJOY ALL YOUR VIDEOS...

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +6

      Thanks Mulalo, that's kind of you to say. Yes the videos take a long time to put together. But if people find them useful then it was worth it :)

  • @a_la_mads
    @a_la_mads 3 ปีที่แล้ว +16

    Is it just me or does Accounting make more sense when explained in an English accent.... lol fr thx for sharing these informative & concise vids

  • @piyushmisra1812
    @piyushmisra1812 4 ปีที่แล้ว +4

    I'm trying to clear CPA 5 years after finishing college. My current job has very little to do with accountancy. I had to start from the very beginning and I fortunately found your channel! You have no idea how useful and just fun these videos are to me :) Many thanks!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +1

      Good luck! You must be getting close now

  • @amandajennings8726
    @amandajennings8726 4 ปีที่แล้ว +47

    Yes please, cover P&L on disposal of assets...that would be really helpful to me. Thank you!!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +4

      Cheers Amanda!

    • @kishangohil8089
      @kishangohil8089 4 ปีที่แล้ว +3

      Yes please cover disposal and parts exchange of assets! Thanks

    • @patrickrussell4380
      @patrickrussell4380 3 ปีที่แล้ว +2

      Yes please!

    • @SycoVFX
      @SycoVFX 6 หลายเดือนก่อน

      Did u guys find anything for disposal and trade-in?

  • @dhirajshetty483
    @dhirajshetty483 3 ปีที่แล้ว +11

    it took me 3 days to fathom on my own what you sorted out in 11.23 mins ! thank you for the superb video ! for an Audio Visual learner like me your videos are a Godsend !
    could you please teach us Disposal accounts too !

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว +2

      Great to hear it's making sense! Thanks for your request :)

  • @manochasurbhi2010
    @manochasurbhi2010 4 ปีที่แล้ว +25

    Hey James, I am from a non-commerce background and going to start my MBA soon :) All your videos are super helpful and clear ! Hats off. As a suggestion-Could you please cover the topic of 'Bad Debt Expense' - How to set up allowances, effect on both sides of balance sheet, how to write off, etc.

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +10

      Hey Surbhi, thanks for your suggestions! Good luck with your MBA. I hope it goes well :)

  • @willjackson6202
    @willjackson6202 ปีที่แล้ว +29

    Dude I appreciate you making these so much man. Phenomenal pace, enunciation, simple explanation, appreciated hours of editing (I can tell, mate :)) and this is so helpful for my class. You are a blessing thank You so much

  • @europa6497
    @europa6497 4 ปีที่แล้ว +1

    I am very thankful to you. I am from India and preparing Chartered accountancy course. I found your videos very helpful in understanding basic concepts of accounting.

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      No worries Shreyash! I'm happy to help. Best of luck in your course, hope it goes well :)

  • @maverickacres399
    @maverickacres399 ปีที่แล้ว +1

    I just found your channel and I'm about binge watch like I did the Walking Dead. Your videos are clear and well organized, and time stamps too. Wish I found this years ago.

  • @simmisgeorge7299
    @simmisgeorge7299 4 หลายเดือนก่อน

    Such brilliant attention grabbing organised way of explaining things. I'm a 20 year veteran of accounting and a professional but I enjoy watching these videos on basics of accounting

    • @AccountingStuff
      @AccountingStuff  4 หลายเดือนก่อน

      Thanks, glad you enjoyed it!

  • @azizkreidie6509
    @azizkreidie6509 4 ปีที่แล้ว

    Its my first time to check accounting videos on youtube and went through many random videos and then I found my self spending hours on your videos, honestly you own a school on youtube and I joined it already, thanks a lot for your great work

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Thanks, I'm glad you're finding these videos helpful! All the best with your studies :)

  • @aarontaylor6464
    @aarontaylor6464 3 ปีที่แล้ว +30

    Be honest who has told their professors that YT- James, Accounting Stuff content had help them to better understand accounting than their confusing course materials? ✋

  • @hamzali84
    @hamzali84 6 หลายเดือนก่อน

    thanks bro... really appreciate it. been trying to do accounting for wife's company and this is a life saver. everytime i learn something new in accounting, i always thought why didn't i think of this before.

  • @ridamomin9967
    @ridamomin9967 4 ปีที่แล้ว

    in the start of the video I thought its an ad cause mostly I don't find accounting video's like these and i really appreciate the way of explanation and it really helped me tysm

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Cheers Rida! Glad you found it helpful

  • @ashleyguaman3145
    @ashleyguaman3145 4 ปีที่แล้ว +1

    I've been so lost with deferrals for the past week and THIS video made it so much easier to understand. THANK YOU SO MUCH!!!! :')

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +1

      No worries Ashley, you're welcome :)

  • @chrisrobbins3888
    @chrisrobbins3888 3 ปีที่แล้ว +2

    These videos are so good that it’s making me interested in accounting as a non-accountant. That’s very powerful. Great job mate.

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว

      Cheers Chris, glad you're enjoying them!

  • @tiburon88
    @tiburon88 3 หลายเดือนก่อน

    Thank you! You're a great teacher. I'm really starting to grasp adjusting journal entries. I appreciate you added the asset disposal to bring it full circle. I'm going to try and find your video about selling the fixed asset.

    • @AccountingStuff
      @AccountingStuff  3 หลายเดือนก่อน

      Glad you found it useful!

  • @pigeonhunter861
    @pigeonhunter861 2 ปีที่แล้ว

    I usually find accounting really boring, but these videos are really brightening up my studying experience.

  • @DRISHTINARANG-ng5dn
    @DRISHTINARANG-ng5dn ปีที่แล้ว

    @AccountingStuff YES PLEASE! (my answer to a gain/losses on sale video)
    Your material is an amazing refresher to my classes at Comm College and I'm not studying for a more complex interview for an internship. Thank you!

  • @JurgaBurgaFlintines
    @JurgaBurgaFlintines 3 ปีที่แล้ว

    This video is better than any accounting textbook I have read. Easy to understand and good visuals!

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว

      Cheers, all the best with your studies :)

  • @medinalunger2759
    @medinalunger2759 4 ปีที่แล้ว +7

    Please cover Gains/Loss that would be amazing!! Your videos help me out a lot and my classmates. Especially since we are all working online now instead of in school setting. Your breakdowns are awesome.
    Would you consider adding to depreciation series by adding something about when estimated depreciation changes after a year or two within the useful life and needs to be accounted for?

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +1

      Thanks for your suggestions! It must be tough studying from home. All the best

  • @Abdullahs_World
    @Abdullahs_World ปีที่แล้ว +1

    Excellent way of explanation!

  • @himayajayasinghe-u2d
    @himayajayasinghe-u2d ปีที่แล้ว

    Thank you for letting me know about debits and credits, how it increases and decreases and where to debit it and credit it. Really appreciated :)

    • @AccountingStuff
      @AccountingStuff  ปีที่แล้ว

      No problem, great to hear it's making sense!

  • @hardology6665
    @hardology6665 25 วันที่ผ่านมา

    seriously one of the bestest channel on youtube ever made thanks man may god bless u , u helped a lot in my foundational accounting concetps , i hope i shall become a knowledgeable expert accountant wih ur videos as well , thanksss!!!!!!

  • @gatorhenry3
    @gatorhenry3 4 ปีที่แล้ว +1

    I love your videos. They have really helped me study for my competency exam that I have to take in July because I’m transferring to Florida State as a junior this fall as an Accounting major. I think Accounting is my true calling. I have a love for money and how it’s used and tracked in a business. It’s just fascinating to me. KEEP UP THE INFORMATIONAL CONTENT BROTHER!!!!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Thanks, it's great to hear that you're finding them useful. Best of luck with your exam! Hope the move goes smoothly

  • @boblamerine3116
    @boblamerine3116 ปีที่แล้ว

    Had no clue why depcriation worked as a great tax write off for assets. Tried reading everything I can online and still didn't get it. Two minutes into the video, I completely understand now. Great video! New sub.

  • @cdgarzon1
    @cdgarzon1 3 ปีที่แล้ว +2

    Yes! please cover the case when there is a gain or loss at the end of the asset useful life. These videos are amazing 👏
    Thank you

  • @stllexi47
    @stllexi47 ปีที่แล้ว

    I just found you and I wish my semester wasnt over! This has been extremely helpful!!!!

  • @deanderksen3455
    @deanderksen3455 4 ปีที่แล้ว +1

    Definitely need that video explaining how the gain/loss of a sale affects the cash flow statement!

  • @metaren8829
    @metaren8829 3 ปีที่แล้ว

    When you signed up for a 6 week college accounting course. Needless to say, these videos are saving my life.

  • @bedokhaled9628
    @bedokhaled9628 4 ปีที่แล้ว +10

    A video about the different branches of accounting and the objectives of each one please, will be super helpful

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +3

      Hey Bedo, thanks for your suggestion :)

  • @TheRobbo007
    @TheRobbo007 4 ปีที่แล้ว +2

    Incredibly informative, educational, relatable and fun to learn! More please?!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Cheers bud! Plenty more coming soon :)

  • @catiagm83
    @catiagm83 3 หลายเดือนก่อน

    Watching your video I realise how useless and complicated my accountancy books are. You make it so simple and easy to follow and by the end of the video I totally understand what depreciation is and the journals. You are amazing! You gained a new subscriber! Carry on like this as you are doing a great job and thank you very much!

    • @AccountingStuff
      @AccountingStuff  3 หลายเดือนก่อน

      Great to hear you're finding these useful :)

  • @22Ruffet
    @22Ruffet 2 ปีที่แล้ว

    Your videos are brilliant man, went through all kinds of content today to try and figure out how depreciation translates on the balance sheet, and your video is, by far, the clearest and most useful.

  • @ariah5093
    @ariah5093 2 ปีที่แล้ว

    God bless this man, and thank God we live today with ready available information/teachers for free

  • @defuwang24
    @defuwang24 2 ปีที่แล้ว

    Omg bro u literally saved my life by discerning what I spent 4hrs on learning but still feel confused. Thank u for these videos N Pls make one about disposal!

  • @Pickl3Rick01
    @Pickl3Rick01 ปีที่แล้ว

    This channel is going to save me this semester. THANK YOU😭❤️

  • @vaibhavbhatnagar9188
    @vaibhavbhatnagar9188 3 ปีที่แล้ว +1

    Please cover what happens when the asset is sold for a profit/loss! Love your videos by the way!

  • @sapsalingpusacattalkmaykwe1556
    @sapsalingpusacattalkmaykwe1556 3 ปีที่แล้ว

    Have to watch this all over since we just only have limited time. Our online class is quite tough but this video and all is very helpful.

  • @ssnhra
    @ssnhra 4 ปีที่แล้ว

    i got my igcse exam coming up in nov and im stressing out big time. until now i was relying on my grade 8 unmindful notes and now youre giving me so much hope!! i really want to ace it and thgese videos are so helpfu;l!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Hey Sunehra, best of luck with your exams! You've got plenty of time to revise and nail all this stuff down. Hope it goes well

  • @kevv.1912
    @kevv.1912 9 หลายเดือนก่อน

    In here, they don't use accumulated depreciation account but rather directly depreciation from long assets accounts so it's fun to see these differences. I'm taking this assumption with me while watching the video since i know straight line method is same everywhere

  • @Lorato_lee
    @Lorato_lee 4 ปีที่แล้ว

    I would like to thank you for all the videos you have posted. They have helped me understand Fin acc and I can be confident that my exam today went well. May you never grow weary of what you are doing.

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Hey Lortato, I hope your exam went well! Hope you're keeping safe

  • @naomikibret7704
    @naomikibret7704 2 ปีที่แล้ว

    You are a great teacher man I'm one step forward from the students in class
    And I'm suggesting your videos
    Thank you Lots of love 👍

  • @Geosoria
    @Geosoria 3 ปีที่แล้ว

    You make my accounting life so much easier with this videos. Thank you very much!

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว

      No worries Georgina, I'm happy to help :)

  • @MrNnete
    @MrNnete ปีที่แล้ว

    Thank you Man. Genuinely, Thank you for your content. This is changing our business.

  • @darioseg603
    @darioseg603 2 ปีที่แล้ว

    excellent explanation. Easy to listen to with clear language so as to ensure understanding.

  • @zodiacplayer9579
    @zodiacplayer9579 4 ปีที่แล้ว

    You clear up things for me that 3 years of grad school and 2 years of post grad couldn't 🙏🏻🙏🏻🙏🏻

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      No worries, glad it's clicked for you!

  • @catherinepham3999
    @catherinepham3999 6 หลายเดือนก่อน

    Well-made video content that makes it so easy to understand. Highly recommended. 5 stars!!

    • @AccountingStuff
      @AccountingStuff  6 หลายเดือนก่อน +1

      Thanks, glad you enjoyed it :)

  • @venkateshpitla1074
    @venkateshpitla1074 3 ปีที่แล้ว

    James your a pro man at editing and explaining topics in detail 👏👏👏

  • @gordwilkes
    @gordwilkes 3 ปีที่แล้ว +1

    These videos are on point... I really appreciate the effort put into the production of these videos. I'm new to bookkeeping and I've use several videos as a helpful resource for some coursework I'm presently doing in a bookkeeping program... Thank you.

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว

      No worries, best of luck with your coursework! Hope it's going well :)

  • @RhettTheDungeonMaster
    @RhettTheDungeonMaster ปีที่แล้ว

    I just did this in a section of my financial accounting class at WGU and I got whacked on a few questions because I couldn’t visualize the debits and credits right in the questions, I got the math right but I felt dumb over whether or not to debit or credit an “accumulated depreciation” account

  • @saddestdayever1276
    @saddestdayever1276 2 ปีที่แล้ว

    I love this dude! Best teacher ever in Accounting, sir! I appreciate your thoroughness and explaining everything! Currently in Intermediate Accounting 1 and just couldn't ever grasp the Depreciation concept for the life of me until I watched your videos! 😂🤣 Thank you!

  • @nafiskhan8801
    @nafiskhan8801 3 ปีที่แล้ว +1

    Best channel for study help

  • @udaysingh786
    @udaysingh786 3 ปีที่แล้ว

    A heart from you would be immeasurable

  • @seven5522
    @seven5522 2 ปีที่แล้ว

    We need easy to understand videos on consolidated statement. Love your content btw

  • @Nathan-vn5tg
    @Nathan-vn5tg 4 ปีที่แล้ว +2

    Love this channel. Helping me a lot on my road to accountancy.

  • @bhavikamoningi3845
    @bhavikamoningi3845 4 ปีที่แล้ว

    hey James I'm starting my bba soon and your videos are really helpful and amazing and now I understand the concepts clearly

  • @williammukori8566
    @williammukori8566 3 ปีที่แล้ว

    This is the best Accounting youtube channel

  • @sapsalingpusacattalkmaykwe1556
    @sapsalingpusacattalkmaykwe1556 3 ปีที่แล้ว

    02:58 this is our topic last week. Ty. I know I can count on your channel.

  • @MwaleZacharia
    @MwaleZacharia ปีที่แล้ว

    Thank you so much, you make accounts to be less complicated,, you are the best

  • @rosyk5549
    @rosyk5549 3 ปีที่แล้ว +1

    Thank you, Thank you, Thank you! My accounting course became way easier since watching your videos. Would love to see a video on disposing of assets along with the journal and ledger entries. Also got all the cheat sheets and they are so helpful. Keep up the great work! :)

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว +1

      Hey Rosy, thanks for your request and cheers for your support! All the best in your course :)

  • @TheMelanie04fol
    @TheMelanie04fol 2 ปีที่แล้ว

    This is great. Im a visual learner. Thank you!

  • @munguryash5271
    @munguryash5271 4 ปีที่แล้ว

    I wish you were my accounting teacher, your videos are very well made,with excellent explanations and examples.This channel is helping me understand the basics of accounting and I really appreciate your great work. Keep it up!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Cheers Mungur! Glad you're enjoying the videos. All the best with your studies!

    • @munguryash5271
      @munguryash5271 4 ปีที่แล้ว

      @@AccountingStuff Thanks

  • @harresh2001
    @harresh2001 4 ปีที่แล้ว

    Why couldn't I have found this channel when my term started? I only found this channel two days before my exam. Thanks a lot for your super informative and to the point videos my guy!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Good luck!!!

    • @harresh2001
      @harresh2001 4 ปีที่แล้ว

      @@AccountingStuff my dude! just got my results and i passed! thank you so much man! keep up the great videos :)

  • @Elhungarorey
    @Elhungarorey 3 ปีที่แล้ว

    Really great video, straightforward and easy to understand. Thanks

  • @hardyt1975
    @hardyt1975 3 ปีที่แล้ว

    Yes please cover JE for gain or loss from dispsal. You're videos are so very helpful! You Rock

  • @clee4362
    @clee4362 4 ปีที่แล้ว

    Love the way you present, very easy to understand. Thank you!!!

  • @paultran6349
    @paultran6349 3 ปีที่แล้ว

    Hey man. Correct me if I'm wrong. Since accountants make "estimations" of asset depreciation, it doesn't necessarily mean that the value of the assets drops directly. Therefore, we credit the "Accumulated depreciation" account instead of the asset account to have a more objective perspective. Thank you in advance.

  • @tusharkana5424
    @tusharkana5424 4 ปีที่แล้ว +4

    that"s awesome james! very comprehensive introduction on depreciation.

  • @ms12earth
    @ms12earth 4 ปีที่แล้ว +1

    Hey, I just wanted to say that you are one of the best educational TH-camr. I love your videos. Your videos are soo interesting, like the connnttrrraaa aaassseeettt

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Thanks!

    • @ms12earth
      @ms12earth 4 ปีที่แล้ว +1

      @@AccountingStuff No problem. As a TH-camr myself, I love your videos. My Channel name is MS12 Earth

  • @nelinijayasinghe742
    @nelinijayasinghe742 4 ปีที่แล้ว

    thanks again for making me understand this jumbled and puzzling accounts.looks good James

  • @Roblox_Raya877
    @Roblox_Raya877 4 ปีที่แล้ว +2

    Hi, you are making great videos! Please continue with the gain or loss on disposal, revaluation of an asset and also please consider posting a video about different accounting periods-like year end, financial year and company's year end. Many thanks

  • @tylero1595
    @tylero1595 4 ปีที่แล้ว

    So glad I found this channel. I’m currently diving into an accounting degree and this has helped me immensely. Keep it up!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Cheers Tyler, best of luck with your course. Hope you smash it!!

  • @partharora77
    @partharora77 4 ปีที่แล้ว +1

    Another awesome video! Just purchased your cheat sheet bundle! Looking forward to the revision now! Thanks!!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว

      Hey Parth, cheers for your support! I hope you find the cheat sheets helpful. All the best with your revision!

  • @IggyPelman
    @IggyPelman 3 ปีที่แล้ว +1

    Hey James. A vid on making a gain or loss on asset disposal would actually be quite useful. Plus, what asset disposal entries do you make when depreciating a capital asset with a residual value?

  • @VS-2002
    @VS-2002 2 ปีที่แล้ว

    Finally a fun way to learn accounting

  • @Samborondon11
    @Samborondon11 4 ปีที่แล้ว

    Gotta say man your videography is top-notch, if you weren't an accountant you would make an excellent director

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +1

      Thanks Kevin, that's kind of you to say!

  • @monkeylambo1661
    @monkeylambo1661 2 ปีที่แล้ว

    Great video, I can’t wait to see how you manage the gain & loss after the depreciated asset is sold. Keep up the good work!

  • @sapsalingpusacattalkmaykwe1556
    @sapsalingpusacattalkmaykwe1556 3 ปีที่แล้ว

    Our prelim just ended and I got my TB all correct :) thank you I got 68/80 though not perfect but worth watching and subscribing. Now preparing for Midterm and trying to review our lesson

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว +1

      Congrats!! That's great to hear. Best of luck in your Midterms

    • @sapsalingpusacattalkmaykwe1556
      @sapsalingpusacattalkmaykwe1556 3 ปีที่แล้ว

      Ty so much. Got 12 mistakes in multiple choices so need to improve but my TB is perfect because of your video tysm 😊

  • @urvashiwakode9515
    @urvashiwakode9515 4 ปีที่แล้ว +2

    Hello James brother
    I am a commerce student studying in class 11 and I have watched all of your videos it's super useful for me. Thank you so so much for all this information 😊 can you please make a video on different branches of accounting what are their uses and how they work ? It will be very helpful thank you. Love from India 🇮🇳 ( sorry for my bad English this is not my first language )

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +5

      Hey Urvashi, thanks for your suggestion! Your English is great

  • @sahartheartist
    @sahartheartist 4 ปีที่แล้ว +1

    Thanks much ☺️ I've been asked about it on my last interview

  • @sapsalingpusacattalkmaykwe1556
    @sapsalingpusacattalkmaykwe1556 3 ปีที่แล้ว

    You're truly God sent.

  • @Countrycharm17
    @Countrycharm17 3 ปีที่แล้ว +1

    Thank you so much James! As a visual learner your style of teaching with the graphics is just amazing! Subbed and will be watching more of your great videos!

    • @AccountingStuff
      @AccountingStuff  3 ปีที่แล้ว

      Cheers Carol! Great to have you on board :)

    • @Countrycharm17
      @Countrycharm17 3 ปีที่แล้ว

      @@AccountingStuff Thanks James! I just purchased the all in one cheat sheet and am working on depreciation. As a creative, accounting hurts my brain! I'm determined tho😁

  • @behindthemask983
    @behindthemask983 4 ปีที่แล้ว

    Your lectures saved my last semester and they are gonna save this semester as well ... Thank you 😭

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +1

      I hope they help! All the best with your studies

    • @behindthemask983
      @behindthemask983 4 ปีที่แล้ว

      @@AccountingStuff shittt ...AND YOU REPLY !!

    • @AccountingStuff
      @AccountingStuff  4 ปีที่แล้ว +1

      @@behindthemask983 I try :)

    • @ms12earth
      @ms12earth 4 ปีที่แล้ว

      @@behindthemask983 He doesn't reply to me, in the Accounting in 14 min video😔😔😕☹️😡. Pls reply to me in Accounting in 14 min video James

    • @behindthemask983
      @behindthemask983 4 ปีที่แล้ว

      @@ms12earth awwwh ...

  • @VS-2002
    @VS-2002 2 ปีที่แล้ว

    Your videos are incredibly helpful in revising my knowledge of Accounting!!! I was so worried that i forgot the basics haha

  • @mmatkd11
    @mmatkd11 6 หลายเดือนก่อน

    Passed my Accounting class thanks to you. Now I just need you to make Managerial Account videos. Also perhaps some EBITDA videos LOL

    • @AccountingStuff
      @AccountingStuff  6 หลายเดือนก่อน +1

      Congrats, that's great to hear! Well done. I haven't got any management accounting videos. But I do have one covering EBITDA: th-cam.com/video/mHqgsdne_l8/w-d-xo.html

    • @mmatkd11
      @mmatkd11 6 หลายเดือนก่อน

      @@AccountingStuff I appreciate your time, interaction, and content. Subscribing.

    • @AccountingStuff
      @AccountingStuff  6 หลายเดือนก่อน

      @@mmatkd11 Great to have you on board!

  • @LuceliJItza9
    @LuceliJItza9 2 ปีที่แล้ว

    You are really awesome! I love your videos. The way you explain wow it's wonderful! You make accounting very interesting. Thank you

  • @noelnakka1056
    @noelnakka1056 ปีที่แล้ว

    I love your lectures, James. Please make a video about amortization.

  • @Yellowpuma01
    @Yellowpuma01 ปีที่แล้ว

    Here in 2023. IT guy in accounting class. I watch the lectures, then these videos, THEN I read the chapter. It’s working well. I think I understand this better than most of the accounting majors at this point.

  • @christinaahn1887
    @christinaahn1887 4 ปีที่แล้ว

    That was long, but makes so much sense!! A million Thanks.

  • @omg7596
    @omg7596 2 ปีที่แล้ว

    Your videos are amazing and it helps with my accounting igcses. Would u plssss make video about irrecoverable debts and provision for doubtful debts. Please

  • @BeckySaifMusic
    @BeckySaifMusic 11 หลายเดือนก่อน

    I'm so glad I found you!

  • @belindamangwiro1104
    @belindamangwiro1104 3 ปีที่แล้ว

    Always thought l would not master accounts, however at this rate l will understand it better

  • @syedfarooqkamal409
    @syedfarooqkamal409 11 หลายเดือนก่อน

    That's really helpful, kindly make video on this.

  • @okthen6505
    @okthen6505 10 วันที่ผ่านมา

    This is better than my lectures

    • @AccountingStuff
      @AccountingStuff  9 วันที่ผ่านมา

      Thanks, glad you found it useful!