accy201 at Ole Miss

12. Normal Balance Shortcut: Double Entry

in Chapter 2 (Video 12 of 14)
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I told you that understanding normal balances is super important, so we're not done yet. This shortcut has to do with Double Entry Accounting. Excited? You probably should be.

The Rest Of The Videos

1 Current Assets 9:57
2 Non-Current Assets 10:25
3 Current Liabilities 6:24
4 Non-Current Liabilites 2:00
5 Contributed Capital 5:10
6 The Classified Balance Sheet 4:48
7 Retained Earnings vs Shareholder's Equity 6:41
8 T-Accounts 3:15
9 Debits and Credits 6:49
10 Determining Normal Balances For Assets & Liabilities 10:04
11 Determining Normal Balance for Shareholder's Equity 11:53
12 Normal Balance Shortcut: Double Entry
You are here. 		11:51
13 Normal Balance Shortcut: DEAD Mnemonic 2:36
14 The Journal, Ledger, Trial Balance 14:00
Chapter 3 →

Chapter 2 Practice Problems

Click Here to View All Chapter 2 Problems at Once View
1 Account Classification Easy
2 Current Assets Easy
3 Journal Entry - Inventory Easy
4 Journal Entry - Sales Easy
5 Land Purchased With Cash Easy
6 Retained Earnings Easy
7 T/F: Liabilities and Equity Easy
8 T/F: T-Account Logic Easy
9 Normal Balances Moderate
10 Solving for Missing Amounts Moderate
11 The Effect of Journal Entries Moderate
12 What Should Be Journaled Moderate
13 Account Classifications Hard
← Chapter 1

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