The Accounting Equation Explained - Debits & Credits for Beginner Bookkeepers

Debits and credits and the accounting equation, for beginner bookkeepers. I'll demystify debits and credits, explaining how they relate to the key accounts in accounting: assets, liabilities, and equity. By understanding the accounting equation of assets equaling liabilities plus equity, you'll gain clarity on how financial transactions impact your business's financial health. I then take you inside QuickBooks Online to show you how to create a journal entry using debits and credits.