All content for Accounting 101 with Jimmy Stewart is the property of James Stewart and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Accounting 101 Podcast by James Edward Stewart, CPA/ABV, CFE
In this episode, we discuss how each type of account in ALE-RE is affected by journal entries, and we learn the debit/credit language of accounting using A|LE-R|E. The lines separate the types of accounts with normal debit balances from those with normal credit balances.
This is the most important episode to listen to if you are just learning accounting.
Example Journal Entry:
Dr. Cr.
Utilities Expense 150
Accounts Payable 150
Accounting 101 with Jimmy Stewart
Accounting 101 Podcast by James Edward Stewart, CPA/ABV, CFE
