RULES OF ACCOUNTING BY "ACCOUNTS SIMPLIFIED".
RULES OF DEBIT AND CREDIT. KINDLY SHARE THE VIDEO WITH YOUR FRIENDS ALSO. THANKS AND REGARDS.
RULES OF DEBIT AND CREDIT. KINDLY SHARE THE VIDEO WITH YOUR FRIENDS ALSO. THANKS AND REGARDS.
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LearningTranscript
00:00Understanding the rules of debit and credit in accounting can be simplified with a handy shortcut called dead click.
00:06D stands for debit. E is for expenses and losses. A is for assets. And the final D is for drawings.
00:12If expenses, assets and drawings are increasing, they will be debited. If these are decreasing, we will credit them.
00:18Now let's move to click C means credit. L stands for liabilities. I is for income or revenue. And the last C is for capital.
00:24If liabilities, income or capital are increasing, credit them. If these are decreasing, make them debit.
00:30This is the modern classification of the rules of debit and credit.
00:33Hope you liked the video. Thanks and regards by Accounts Simplified.
00:36Accounts by Sonia Setia. Stay tuned for more videos. Thanks.