RULES OF DEBIT AND CREDIT.  BY "ACCOUNTS SIMPLIFIED". - video Dailymotion

RULES OF ACCOUNTING  BY "ACCOUNTS SIMPLIFIED". RULES OF DEBIT AND CREDIT. KINDLY SHARE THE VIDEO WITH YOUR FRIENDS ALSO. THANKS AND REGARDS.

Transcript

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.