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250,723 Views • Mar 3, 2019 • Click to toggle off description
Discover what Liabilities mean in Accounting. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. In this Accounting tutorial you’ll hear the definition of Liabilities in Accounting. I'll also take you through the common types of Liability that are worth knowing about.
⏱️TIMESTAMPS
00:00 - Intro
01:18 - Liabilities Definition in Accounting
03:34 - What are Current Liabilities?
03:43 - Accounts Payable
05:45 - Salaries Payable
06:19 - Accruals
07:40 - Unearned Revenue
08:04 - Short Term Loans
08:18 - What are Non-Current Liabilities?
08:37 - Long Term Loans
08:45 - Bonds
09:23 - What are Contingent Liabilities?
09:40 - How Contingent Liabilities work
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🔎FAQ
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🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → • ACCOUNTING BASICS for Beginners (Whol...
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DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
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#accounting #accountingbasics #accountingstuff
Views : 250,723
Genre: Education
Date of upload: Mar 3, 2019 ^^
Rating : 4.964 (76/8,253 LTDR)
RYD date created : 2022-03-05T03:41:57.467449Z
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YouTube Comments - 419 Comments
Top Comments of this video!! :3
wow, take a few seconds to appreciate his cinematic video editing skills!!!
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I'm taking an accounting course and it's my fifth week and I was so lost and I couldn't keep up with my lectures so I decided to start all over on my own and I wouldn't have been able to do that without this channel I can't thank you enough omg
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Please make a video on ACCRUALS. please I have found a lot of difficulties on Accruals. Please make a separate video on this.
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I never thought I would be genuinely entertained and actually laugh when watching a video about accounting ! Thanks for explaining things so clearly, I’m learning a lot !
37 |
dude you're the absolute goat. saved me from failing exams
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This video is a whopper for a newbie, but yet you make the information more intuitively understandable. Copied this video down almost verbatim into notes. Great stuff! 👍
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Thanks James for demystifying accounting for the rest of us...
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Love how clear you made the topic. Thank you, James.
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Dude, this helps a lot, as I watch your videos, I am more confident I’ll pass my accounting courses. Bless your heart-& your brain.
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Hey that "diagram" was definitely helpful with all the different term
Thank you again
I owe it to myself to share your videos in my booking groups.
Much appreciated again
Who stay at 1 am on a week end watching your videos learning while having fun?
Me of course🤣🤦🏾♀️🤣
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thank you so much for making a lotttt of content! this is the fourth video i watched from your channel in one sitting today ^^ I'm a grade 11, abm strand student, and it was announced that we'll be having "fundamentals of abm" this 2nd sem (starts next week). the terms and definitions seem overwhelming, especially since i don't have a background or intro to accounting in grade 10, unlike some of my classmates that came from other schools. thank you for breaking it all down! it feels satisfying and comforting to finally understand, and get a simple yet detailed explanation of the concepts. looks like i have a new channel to spend time on <3 thanks again, and stay safe!
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man i love how you expleain everything in this vid. I'm subscribing.
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I love these videos. You have created this to keep everyone’s attention. This is great.
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I’m taking college accounting, so glad I found your videos the first week of class. You been a life saver already. Thank you for making it easy to understand
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Am an Accountant but honestly have forgotten much of this. Thank you for refreshing my memory
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This video alone made me subscribe it’s really well made and explains everything in simple terms
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You are AMAZING! You made my life so much easier and I am grateful!!!!!!!!!!!!!
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I am new in financial and accounting area. Your videos are so helpful, you make those concepts, terms and process are easy for me to learn and understand. I got up at 4:00 to watch your videos and write the notes for thee and half hours without tiredness. I enjoy them all👍
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Keeping making videos . We love them. I’ve never taken an accounting class and you’ve influenced me to pursue a career in it!
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@nishithkp4052
5 years ago
I being a non accounts student felt accounting is one of the boring subject, but your videos have made learing accounting easy and enjoyable. Nice work, keep it going!
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