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Shhh, it’s a secret! Not really.. In this Accounting tutorial you’ll discover the true meaning of Debits and Credits in Accounting. This episode is a continuation of our series exploring Accounting Basics. The terms ‘Debit and Credit’ are the bread and butter of Double Entry Bookkeeping and reflect the duality or double-sided nature of all financial transactions. It’s crucial to understand this concept when studying Accounting for Beginners because all transactions generate Credit and Debit entries. At the end of the video, I’ll show you the secret to Debits and Credits which will make remembering which side of the Accounting Equation they fall on a piece of cake! Course Length: 5:43 Source: Accounting Stuff

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