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Basic Accounting Terms | Accounting Terminology 1 Hello Friends, This session will help you to understand the basic accounting terminology | basic accounting terms in a very easy language. This session is useful for anyone who wants to understand the basics of accounting. By watching this session you will be able to understand various basic accounting terms like 1) What is a Capital 2)What is a Proprietor 3)What are Fixed assets, 4)What are Goods, Purchases, Sales, Creditor, Debtor, etc. Time Stamp 0:06 Recap of Previous Session 0:16 Some Basic terminologies of Accountancy. 0:27 Explanation of Capital and Proprietor 0:59 Explanation of Assets, Fixed Assets 1:29 Explanation of Goods 2:19 Explanation of Purchases and Sales 2:29 Explanation of Cash Purchases and Credit Purchases 3:05 Explanation of Creditor and Debtor 3:39 Explanation of Cash Sales and Credit Sales. 4:23 Explanation of Expenses and similarity between Goods, Assets and Expenses. 5:19 Difference between Creditor and Debtor 5:40 Explanation of Transactions 6:10 Further Explanation of Transactions 6:25 Recap of this video. Do subscribe to our channel and don't forget to press the bell icon to get regular updates. To know more about us visit our website: https://bit.ly/399Pjoo Download our Application: https://bit.ly/3EdzeMR Amazon: https://amzn.to/2VFdEQ5 Udemy: https://bit.ly/2N2zjZE Follow Us On Social Media: Facebook Page:- / letstutepage Instagram:- / letstute Equipment and software that we use – Equipment: 1: Green Backdrop Background YouTube Video Shooting - https://amzn.to/375Y1TN 2: DIGITEK® (DTR 550LW) (170 CM) Tripod For DSLR, Camera - https://amzn.to/3iYMHP1 3: Godot SB-UBW Series Octa (SB-UBW120 47'') lights - https://amzn.to/3BWoCB8 4: Cellphones Tripod t Adapter For Mobile Phone - https://amzn.to/3BVDQ9d 5: Aerial Acoustic Foam - https://amzn.to/3zJrnDR 6: Travel Adapter - https://amzn.to/3f5f9xy 7: Amazon Basics Camera Lens Protective Pouches - Water Resistant - https://amzn.to/3l9PvLU 8: Amazon Basics Backpack for Cameras and Accessories - https://amzn.to/2WymxuT #BasicAccountingTerms #AccountingTerminology #AccountingTerms #BasicTermsofAccounting #BasicAccountingConcept Accessories: 1: SanDisk 128GB SD Card - SDSDXXY-128G-GN4IN - https://amzn.to/3zZhtxR 2: SanDisk 128GB Extreme Pro SDXC UHS-I Card - C10, U3, V30, 4K - https://amzn.to/3zOntJI 3: Canon EF-S 24mm f/2.8 STM Lens - https://amzn.to/3A14Sun 4: Spec Tulip 58Mm Flower Lens Hood (Black) For Canon Eos -https://amzn.to/3BTAB1Z 5: Graphic Tablet - https://amzn.to/3j2VTle 6: Microphone with 20ft Audio Cable-https://amzn.to/3C32G7o 7: Headphones for Home & Recording studio - https://amzn.to/3f4uuhx 8: Studio Condenser Microphone - https://amzn.to/3l9bdQc Software: 1: Effects and Cinema 4D Lite: 3D Motion Graphics Using CINEWARE - https://amzn.to/374pWn6 2: Adobe Photoshop CC for Photographers 2018 Paperback – https://amzn.to/3iZjrYf Letstute (Universal Learning Aid) is an E-Learning company based in Mumbai India. Our goal is to make some meaningful positive impact in the education segment by providing quality education content to all students who want to explore, visualize and apply their learning to real life. We explain concepts in a very detailed and logical manner. We put focus on 'Self-learning' and not teaching. Students need not mug up anything or try to remember things but they should be able to understand it in a way that the knowledge stays with them for life.