Debit and Credit Video

The ACCT 1010 class that is broadcast to the regional campuses is recorded. This class will eventually (about a month into the semester) be about a week behind the other sections in Athens. (See the Class Recording Schedule blow). Recordings are uploaded to the server within 24 hours of the class meeting time.

Spring 2017 Video links:

 A Good Debit and Credit Tutorial

A Debit/ Credit Tutorial  –  Alice  (Be careful with the terminology here as the author uses the work income for Revenue.    This is not kosher with us as income has a specific meaning in Accounting).  You can change his ALICE to ALORE with A = assets, L= liabilities, O = Owners’ Equity, R = revenue, and E = expenses.  For the first, assets and last, expenses, normal balances are debits, you also increase these with debits.  For the three in the middle, LOR, the normal balance is credit and they are increased with credits.