ACCOUNTING BASICS | FUNDAMENTALS OF ACCOUNTING |RULES OF DEBIT AND CREDIT | COMMERCE SPECIALIST |

This video from Commerce Specialist is on Accounting Basics. This video explains all the fundamental accounting terms, it also explains the basic accounting equation, the meaning of Assets, Liabilities, Capital, Income/Revenue, Cost and Expenses.
This video also explains the rules of Debit and Credit. How to use the rules of Debit and Credit and their importance.
Numerical Examples are given to show how to calculate Gross Profit and Net Profit and the difference between Gross and Net Profit.
Examples are also given to show how Profit or Loss is adjusted to the accounting equation.
This tutorial/lecture video is very relevant and useful for students of I. Com, B. Com, O Levels, A Levels, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Link of my previous videos:
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Inventory Valuation [Systems & Methods]: • Stock Valuation System...
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IAS 7 Statement of Cash Flows: • Statement of Cash Flow...
Accounting for Receivables: • Accounting for Receiva...
Ratio Analysis • Ratio Analysis | Finan...
MBA VS ACCA • BBA V/S ACCA | MBA V/S...
Capital Budgeting / Investment Appraisal: • INVESTMENT APPRAISAL |...
Viewers and students can contact me on info@comparativeedge.com or email me at studyonline8888@gmail.com or whatsapp me on +923219213800.
#accountingbasics #basicaccounting #accountingequation

Пікірлер: 45

  • @AnandBakshi1976
    @AnandBakshi19768 күн бұрын

    Brilliant lecture. Your way of teaching, explanation out of the word. I have never see anyone explaining Accounting in such an easy way. Good Luck sir..

  • @tanwiralam7016
    @tanwiralam70162 жыл бұрын

    Sir I am a commerce graduate of 1991 and a master in management 1993. Presently GM of a company based in Kuwait, but still watch your videos and enjoy it. It feels so nice to revisit, what I studied in late 80s….!!!😊 Great sir keep it up. I have advised my daughter to subscribe your channel and watch all your videos, as she is planning to take commerce in 11th std and aspiring for ACCA. Thanks

  • @VenkatMalai-q3q
    @VenkatMalai-q3qАй бұрын

    Thank you so much Sir we got clear about basics of Accounting I want to learn more about how to prepare a income statement and Balance sheet of Trading account and also calculating of depreciation on Assets please

  • @CommerceSpecialist

    @CommerceSpecialist

    Ай бұрын

    Those videos are already on my channel

  • @lindalind514
    @lindalind5146 ай бұрын

    Best of the best. Thank you

  • @CommerceSpecialist

    @CommerceSpecialist

    5 ай бұрын

    Thx a lot dear😊👍🙏

  • @naseemsulaiman5492
    @naseemsulaiman54923 жыл бұрын

    The thing that inspired me about you Is you are simple

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks dear

  • @mahamquraishi4439
    @mahamquraishi44393 жыл бұрын

    Thanks a bunch sir for the fantastic video

  • @pakistaninternational.9855
    @pakistaninternational.9855 Жыл бұрын

    I m very enjoying your imparting knowledge. I love that.

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear

  • @zameerhaq9142
    @zameerhaq9142 Жыл бұрын

    Absolutely brilliant, love it , highly recommended to my student ❤

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks Zameer🙏👍

  • @abhijithKanhan
    @abhijithKanhanАй бұрын

    The best teacher ❤❤❤

  • @CommerceSpecialist

    @CommerceSpecialist

    26 күн бұрын

    Thanks a lot

  • @ademyussuf5193
    @ademyussuf51936 ай бұрын

    "Thank you for being such an inspiring teacher! Your dedication to your students and passion for teaching is truly remarkable. You have a unique ability to make learning enjoyable and meaningful, and I am so grateful for the impact you have had on my education. Keep up the amazing work!"

  • @CommerceSpecialist

    @CommerceSpecialist

    5 ай бұрын

    Thx a lot my dear🙏😊👍

  • @SJS001
    @SJS0013 жыл бұрын

    ❤❤❤ The Best Teacher

  • @adewaleadeniyi7253
    @adewaleadeniyi7253 Жыл бұрын

    This is fantastic. I am from Nigeria and planning to start ACA. I was so happy to have came across your video. I will continue to follow you. Your simplicity is the key. Thank you

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear

  • @twalalmohammd8028
    @twalalmohammd80283 жыл бұрын

    Thank you sir

  • @Beha-dg9jx
    @Beha-dg9jx Жыл бұрын

    I apprieciate your teaching style in the previous lesson, so keep on!

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thx dear

  • @gifty12345
    @gifty12345 Жыл бұрын

    Best teacher I have come across

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    😊👍❤️

  • @abdirahmanmohamedsheik3607
    @abdirahmanmohamedsheik36073 жыл бұрын

    Thank you sir. You made it easy to understand

  • @ishaqalzadjali1173

    @ishaqalzadjali1173

    3 жыл бұрын

    Thank you very much. It was short and sweet. Very useful basics.

  • @saffiatubah7723
    @saffiatubah77232 жыл бұрын

    Thank you so much sir, you the best👍

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    You are welcome dear, thx

  • @mahamquraishi4439
    @mahamquraishi44393 жыл бұрын

    Sir, please make a video lecture on CMA marginal costing with make and buy concepts.

  • @tieds1
    @tieds12 жыл бұрын

    Looking forward to join you in live classes sir.

  • @CommerceSpecialist

    @CommerceSpecialist

    2 жыл бұрын

    Great!

  • @anitawopa4600
    @anitawopa4600 Жыл бұрын

    Hi Sir, I really appreciate your lession on this Basic Accounting. It really made me to understand the concept of the débit and crédit rules and the 6 éléments of Accounting. Also did you already have à vidéo on how to prepare statement of Comprehensive and of Financial Position. I would love to know more about this. I'm in my first semester of CPA. 👍👍👍💯💯💯🇵🇬🇵🇬

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    Thanks dear Anita. All the best in your CPA journey

  • @anitawopa4600

    @anitawopa4600

    Жыл бұрын

    @@CommerceSpecialist Thank you

  • @jyothimeenakshi1293
    @jyothimeenakshi12933 жыл бұрын

    Thanku so much for the explanation sir can you please post videos on journal entries and also vertical and horizontal analysis.

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Video on general entries is already on my channel, pls chk. Thx

  • @HabubaHams
    @HabubaHams3 жыл бұрын

    its very clear but when we treat cash as capital ...or it is always asset?

  • @virajmundada5322
    @virajmundada5322 Жыл бұрын

    How to buy your lectures?

  • @ahmedrafaa273
    @ahmedrafaa273 Жыл бұрын

    Can I have video on Financial statement / reporting

  • @CommerceSpecialist

    @CommerceSpecialist

    Жыл бұрын

    If you could be more specific

  • @anshafk4934
    @anshafk49343 жыл бұрын

    I was a plus two science student and even i can understand basic accounting in just 1.5 hours. No words sir. Absolutely brilliant👌👌👌

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Thanks a lot for ur kind words.

  • @mdgoodsall9026
    @mdgoodsall90263 жыл бұрын

    G.e sir m b.com 2nd year ka student hu hindi medium se so sir hindi medium me bhi video bnaye

  • @CommerceSpecialist

    @CommerceSpecialist

    3 жыл бұрын

    Ok dear

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