What Are T Accounts? ACCOUNTING BASICS - Part 3

T-Accounts are one of the most useful tools in bookkeeping and once you understand them, recording transactions becomes much easier. 👉 Kicktstart your accounting journey today. Learn the basics with our highly rated Udemy course: https://bit.ly/3VWIsr4 In this video, we’ll show you how to use T-Accounts to map out both simple two-entry transactions and more complex multi-entry transactions. You’ll learn how to set them up, record debits and credits, and clearly see how every transaction balances. By the end, you’ll know how to use T-Accounts to figure out exactly where each entry belongs in your business accounts. This video is the third of a series of four video tutorials on accounting basics for small business owners: Part 1 -    • What are Debits and Credits? ACCOUNTING BA...   Part 2 -    • What are The Five Account Types? ACCOUNTIN...   Part 3 -    • What Are T Accounts? ACCOUNTING BASICS - P...   Part 4 -    • What is Double Entry Bookkeeping? ACCOUNTI...   00:00 What Are T Accounts? ACCOUNTING BASICS - Part 3 00:21 What is a T Account? 01:06 How to Write Up T Accounts 01:30 How to Use T Accounts 01:52 T Accounts Examples 02:06 T Accounts for a Sale Transaction 04:38 How to do Multiple T Accounts for one Transaction ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚖ DISCLAIMER Information provided in our videos does not constitute financial, taxation, legal, business or other professional advice. If you make a purchase through an affiliate link provided we may receive a commission. We do not accept any responsibility or liability for purchases made through third-party vendors, websites, or services. It is your responsibility to review and understand the terms, conditions, and policies of third parties before making any purchases. Any offers mentioned in our videos are correct at the time of recording and may not be available forever. While some of our videos are sponsored, all information and opinions are our own and are unbiased.