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🔴 Private Online Accounting Lessons. Price: €20/hour (or purchase a 5-lesson package for €85, making each lesson €17/hour); Includes: recording of each lesson. For more details, contact me via WhatsApp at +34 694 21 23 00. Learn accounting from scratch in this video, with a detailed explanation of the most important basic concepts for understanding accounting. #accounting #piac #ade Index: 00:00 Learn Accounting from Scratch 01:00 What are Accounting, Accounts, and Accounting Transactions? 03:39 Structure of the General Journal 06:36 Double-Entry Bookkeeping 08:21 Types of Accounts 14:43 The Balance Sheet 17:15 Difference between Expense and Payment 20:11 Difference between Income and Collection 25:11 Relationship between Expense, Debt, and Payment 30:28 Relationship between Income, Accounts Receivable, and Collection 32:31 Where accounts are recorded 37:06 Understanding when an account is increasing or decreasing 41:04 How to record journal entries (Example 1) 47:13 How to record journal entries (Example 2) 49:47 The General Ledger (Understanding its importance), T-accounts, and balances.