You saved my life, *watching this 5 hours before the exam. Thank you!
@npayno71
9 ай бұрын
So do I lol😅
@Yuluckykind
9 ай бұрын
@@npayno71 sorry but i failed
@npayno71
9 ай бұрын
@@Yuluckykind oh my gosh I'm sorry for you 🥺
@Yuluckykind
9 ай бұрын
@@npayno71 just a joke, wish you luck 🖤
@npayno71
9 ай бұрын
@@Yuluckykind ohhh hahaha😂 thank you ❤️
@gideontare6895
3 жыл бұрын
She made it so simple. Very very clever. Natural born teacher. Thanks.
@suhaimapanda185
3 жыл бұрын
Watched this 20 minutes before my exam, this helped me a lot. Thank you professor 🙏🏻
@brynnmatthews1730
2 жыл бұрын
I so appreciate this instructor's way of teaching. Many lightbulb moments in this tutorial-thank you!!
@sidangadi5303
6 жыл бұрын
Wonderful presentation!! Easy to understand. 2 hours lecture in 15mins by covering all the aspects of the topic. Thanks
@jessicacancel1613
4 жыл бұрын
This is the video that helped me understand it more thoroughly. I REFUSE to fail! Thank you very much!
@chefSqueez
6 жыл бұрын
I wish I cAn have a one on one session with this instructor! She is very concise and easy to follow. Thank you!
@nobinpradhan9235
5 жыл бұрын
10/10. So good the explanation and the friendly voice. The graphics were reader-friendly. GREAT!
@mamag58
3 жыл бұрын
I'm at College and you explain this better than my teacher Thank You!
@momlikesmemore
4 жыл бұрын
Awesome, loved your tutorial, it so much more sense than my textbook! Thank you
@johnvarde1273
4 жыл бұрын
omg... 5 weeks it took for us to get finish the accounting cycle and I couldn't really understand. I am literally ready for my midterm lol TY
@zavankan4796
3 жыл бұрын
How did you do on the midterm?
@johnvarde1273
3 жыл бұрын
@@zavankan4796 killed it
@silverie._.
3 жыл бұрын
Congrats 🎉
@prashantmainalimusic
2 жыл бұрын
Hahahaha same here how big is the cycle i didnt realised when i just saw a diagram of it🤣🤣
@caleblumpkin2998
3 жыл бұрын
you explain in 15 minutes what my professor cant in an hour and a half. awesome video thank you
@briannawest7226
Жыл бұрын
Thank you!! could not have done my assignment without you
@LIONELERNESTSMITH
Жыл бұрын
I like "Accounting" I'm always keen on the money, and this "video" give clarity in journalizing & balancing the ledges:
@hannafekcho1
5 жыл бұрын
And pooff, i understood like magic! Thank you very much
@anasmalik9141
3 жыл бұрын
I was very worried about closing entries my concepts wasn't getting clear you cleared every single thing. Thanks
@MYTHOMINHTRAN
2 ай бұрын
I have watched this your videos a couple of times, and I believed their contain are sunk in my specific consciousness waiting for chance to emerge, but not collide with the Titanic!
@TicloBelge
4 жыл бұрын
Thank you..even better than my teacher.
@user-ll1oo2fz2q
5 ай бұрын
Awesome! The Explanation was very very simple to my understanding of closing trial balance, you are ranked in my view as genius accounting teaher ever🙏❤❤ I just want to kindly request you, if you can inbox me with your tutorials for all of the accounting processes in A/c cycles 🙏
@swethacima4266
4 жыл бұрын
That was a very quick session with full clarity.. well done
@afsanaawal1600
2 жыл бұрын
Thank you so much! it really helped me to understand it very clearly! I had lots of questions in my mind, my every question is answered very clearly through this video series.
@denniswusu4395
4 жыл бұрын
You are the best tutor
@marykth
2 жыл бұрын
Omg thank you so much now I've finally understood it. This video is a life saver.
@emmatsang7604
3 жыл бұрын
This video is amazing !!! It literally makes help me overcome the post-closing TB
@dh1713
4 ай бұрын
Big Thanks To You teacher !
@ayaahmedaldealai
4 жыл бұрын
Amazing presentation. Thank you so much 👍👍👍
@ednadoucette4650
3 жыл бұрын
Thank you for been so clever and make easy accounting cycle's procedures.
@antoniofernandes2276
3 жыл бұрын
mad respect for this woman!
@bbysexywymvee
Жыл бұрын
Thank you so much, professor! I've learned a lot from this
@christianpalka8812
3 жыл бұрын
After about three hours of reading the textbook and getting absolutely nowhere, one KZitem video got me 10x farther in my understanding of this material.
@mariatlopezleguizamo6483
4 жыл бұрын
Thank you very much for sharing this with all of us!
@juanrosa1964
4 жыл бұрын
This video was extremelyyy helpful! This was greatly appreciated.
@nikiaclay8324
3 жыл бұрын
Thank you so much this helps me so much! I was finally able to understand the information
@dilhaitumhara691
2 жыл бұрын
very nice.....thanks a lot...love you
@johnmutiso8357
6 жыл бұрын
I have liked it a lot.....i think it will help me in my end semester exam....bye
@absoluteunit4028
3 жыл бұрын
Thank you very much, great and simple tutorial
@LupitaSKelly
Жыл бұрын
That was really helpful! Thank you!
@susanfernando2384
3 жыл бұрын
Thank you Mam that's wonderfully illustrated.
@hichsonmcthebe4844
4 жыл бұрын
Very clear and useful. Thank you.
@asadhossain1325
3 жыл бұрын
Outstanding tutorial. Thank you professor ♥️
@healthyDvry
4 жыл бұрын
Bro i understand a lil bit but i am still struggling with some things but, you explain very good. I need to practice because tomorrow i got an exam :v
@silverie._.
3 жыл бұрын
what happened to your exam
@jessicahicks735
3 жыл бұрын
Thank you so much! This finally made sense!!!
@maryjanemamac6168
2 жыл бұрын
Thankyouuuu for this Video.
@sogoletemadi2255
4 жыл бұрын
Excellent . Thank you so much. Well done .
@mclynmontemayor6271
3 жыл бұрын
Thank you!
@sannyuntoo
Жыл бұрын
Thank You.
@zamandlovu4188
6 жыл бұрын
thank you very much i am pretty sure that this will help me for the coming exam
@accountinghelp
6 жыл бұрын
Happy Studying, Zama!
@jhenyvivagaser3397
4 жыл бұрын
I love you! Thanks for this!! ❤
@Rem-fg2yd
2 жыл бұрын
Informative!
@gichlyphanith8175
3 жыл бұрын
Thank you😊😃
@theburnerrrrr3422
3 жыл бұрын
WOW! Thank you!!
@gee8861
3 жыл бұрын
Thank you so much for this ❤️❤️❤️
@hazarywilliams7469
4 жыл бұрын
Thanks for the explanation.
@Idrizly
6 ай бұрын
Thank you
@rosecaraa497
3 жыл бұрын
Thank you so much ! 😭
@olbee702
6 жыл бұрын
Also is drawing to capital is a substitute or another to say dividend, cause i learned that temporary accounts are: Revenues, expenses and dividends, which are accounts we should reduce to Zero. Thank you.
@accountinghelp
6 жыл бұрын
Only corporations have dividends. This is a sole proprietorship.
@mtmtesk7947
Жыл бұрын
nice tutorial. helps al ot
@koataliclifford7678
Жыл бұрын
Thanks
@mhadzylicious5231
6 жыл бұрын
thank you.., this helps me a lot
@hindaabdalla5338
3 жыл бұрын
Thank u so much dear❤
@ivonnelopez8203
3 жыл бұрын
Do we always close Income Summary to capital first? Before drawing? or did this happen simply because of the instructions? Also, I see that when the 4600 was credited to capital, we didn't really make a change it (capital) on the closing entries. Is that always going to be the case? is this because we have it on our statement of owner's equity? We simply just credit to capital.
@accountinghelp
3 жыл бұрын
The standard is to close income summary to capital before closing drawing to capital, but you could switch the order if you wanted to. :)
@krish7273
5 жыл бұрын
Thank you so much!
@InèsLassaad-h4h
10 ай бұрын
hey first of all thank you so much for explaining to us , then i would ask you why for Christopher's capital we didn't put it on debit like we did for the other accounts why did he stay in credit
@accountinghelp
10 ай бұрын
The capital account has a normal balance of credit. You will also see that all liability and revenue accounts have a credit balance as well.
@muhammadelashry
5 жыл бұрын
Amazing !!!, what should we do in the next period? in this case 1st February, the permanent accounts values keep it to the ledger in next period or write them in the journal as beginning balance?
@accountinghelp
5 жыл бұрын
For the next period, we would pick up right where we left off! :) Essentially, the last entry into the ledger accounts would be those closing entry posts. :) The permanent account values will stay in the ledger.
@tajwarmoosaji5742
Жыл бұрын
Amazing
@kaurnavdeep5623
3 жыл бұрын
thanks such a great tutorial❤️❤️❤️ but what if we are provided with accumulated depreciation?
@accountinghelp
3 жыл бұрын
Accumulated depreciation is a permanent account. It will not be closed. The balance rolls over.
@kaurnavdeep5623
3 жыл бұрын
@@accountinghelp okkk thanks dear...#Gbu
@hosanna7788
11 ай бұрын
Hi ma'am, how can this be done in QuickBooks Desktop or in QBO?
@shawonkhan8836
5 жыл бұрын
Thank you so much
@mm-rr7bg
3 жыл бұрын
Can you answer this question? Is there a sufficient information in post closing trial balance to prepare balance sheet? thank you .. nice vid btw .. i understand the lesson more bcos of you ..
@accountinghelp
3 жыл бұрын
Let's think about that for a moment. A post closing trial balance only includes Permanent accounts. Now ask yourself, what types of accounts are permanent accounts? Then also, what types of accounts appear on the balance sheet. Knowing and understanding the answers to these 2 questions will help you answer the prompt. :)
@nhatanhvu8077
6 жыл бұрын
damn it this is so goodd
@getit2333
Жыл бұрын
💚💚
@chikaaudreyna3916
4 жыл бұрын
Thankyou🙏🙏🙏❤️
@ItsEmilyEliza
4 жыл бұрын
But what if you ended up with a loss instead of profit? How could the loss in Income Summary be transferred since Capital (-) and Income Summary (-) are on the Credit side?
@accountinghelp
4 жыл бұрын
If there is a loss, capital will be debited, and income summary will be credited.
@GPLCo.
2 жыл бұрын
What kind of App or Website are you using ?
@accountinghelp
2 жыл бұрын
This is just an excel spreadsheet that I cleaned up.
@md.najmulhossain6365
4 жыл бұрын
Thanks sister
@mdfardin4818
4 жыл бұрын
very helpful
@olbee702
6 жыл бұрын
why do we close it to income summary instead of retained earning? this is how i learned it a couple years ago. Thank you
@accountinghelp
6 жыл бұрын
Retained earnings is only used for corporations. The capital account for this company is Christopher Knowles, capital, which means that this is a sole proprietorship.
@mashalidrees8579
7 жыл бұрын
Thank you thank you thank you
@rihalahmed8042
6 жыл бұрын
thank you a lot
@brandonaboua2489
3 жыл бұрын
Fees earned is basically sales, net sales, or gross profit?
@accountinghelp
3 жыл бұрын
It is closest to sales.
@brandonaboua2489
3 жыл бұрын
@@accountinghelp thx u!
@jessicaudang2648
3 жыл бұрын
May i ask if capital it should be in journal entries right?
@accountinghelp
3 жыл бұрын
I'm not sure what you are asking. Can you try rephrasing your question?
@hilmibaris9950
4 жыл бұрын
If there was any withdrawals , our capital gonna be increase or decrease ?
@SohailKhan-qd3sp
4 жыл бұрын
Capital will decreased if you are withdrawing from capital
@sompongmoss281
6 жыл бұрын
I love your software accounting program. Where can I find this super accounting programs?
@accountinghelp
6 жыл бұрын
This is simply a spreadsheet in Excel that I have edited.
@luiscastillo.6194
4 жыл бұрын
What I’m struggling with is Common Stock and Retained earnings they’re change in place of capital and drawing and I don’t know how to get the retained earnings
@jelly-mf6xp
Жыл бұрын
is accounts payable a permanent account?
@accountinghelp
Жыл бұрын
Yes :)
@lawrencealbertborigas1420
3 жыл бұрын
Pa shout out kay ronnielyn Villanueva hahha
@ronronlatex2534
3 жыл бұрын
😂😂😂
@nguyenthanhlong3733
2 жыл бұрын
10đ. cô ơi
@prettyrainbows2524
2 ай бұрын
I did my closing entries like this in our class and the teacher gave me a d
@accountinghelp
2 ай бұрын
If your textbook doesn't use the four-entry method, yeah, that makes sense.
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