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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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Money market accounts are offered by banks and credit unions and are very similar to deposits and savings accounts. However, they provide investors with higher interest rates, therefore you can generate higher yields. Money market account as an investment – how it works, how to manage it and what are its pros and cons.

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In this video I explain the money market graph with the the demand and supply of money. The graph is used to show the idea of monetary policy and how changing the money supply effects interest rates. Thanks for watching. Please subscribe

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