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Accounting Basics Lesson 3 – T Accounts Explained. This episode of Accounting Basics for Beginners will give you the full run down of how T Accounting works and why they are so useful in visualising accounts. T Accounting made easy is Accounting Basics Lesson 3 and will each you an easy way to learn T Accounting.
What is a T Account and why are they used? You’ll get the answers to these questions in this video, along with 5 examples to help you understand T Accounting.
T Accounting made easy so you’ll be able to use them in practice and get value out of them when studying accounting. Debits and Credits in a T Account don’t have to be daunting. This video will show you the easy explanation of the T Account to help you with you studies.
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⏱️TIMESTAMPS
00:00 – Intro
01:03 – What is an Account?
01:13 – What is a T-Account?
01:35 – What is the General Ledger?
01:43 – What does a T-Account look like?
02:07 – Simple way to remember Debits and Credits
02:35 – How does a T-Account work?
03:59 – Why do we use T-Accounts?
04:30 – What is Double-Entry Bookkeeping?
05:12 – T-Account Examples and Solutions
10:04 – Recap
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