Basics of Commerce: Basics of Commerce

Here is a nice collection of videos that teaches accounting and commerce in simple steps for people with no formal accounting education. The purpose of this collection is not to make you a true accountant, but to give you a basic understanding to start with.

You can skip a few lessons, after the basics without doing much damage, but I would recommend you go through each of these videos, if you are a beginner, I have marked lessons that are important as important.

I have taken this videos from different places and I am not the owner of this content. I am just trying to take pieces available in various places to put together a meaningful collection for people with no commerce background and trying to understand the concepts of commerce.

Accountings Basics - Lesson - 1

Accountings Basics - Lesson - 2

Accountings Basics - Lesson - 3

Accountings Basics - Lesson - 4

Accountings Basics - Lesson - 5

Accountings Basics - Lesson - 6

Accountings Basics - Lesson - 7

This is the basics course, once you are done with this you can move on to the next lesson on Transactions

Accounting Transactions - Lesson - 1

Accounting Transactions - Lesson - 2

Accounting Transactions - Lesson - 3 (The Debit and Credits - Very important)

Accounting Transactions - Lesson - 4 (The Debits and Credits for Liabilities - Very Important)

Accounting Transactions - Lesson - 5 (The Debits and Credits for Revenue - Very Important)

Accounting Transactions - Lesson - 6 (The Debits and Credits for Expenses - Very Important)

The lessons after this point in this series are useful only if you propose to be an accountant yourself, or you actually want to record business transactions yourself. This will help develop expertise, however they are not mandatory for a Manager's understanding.

Accounting Transactions Lesson 7 - Journal Entries 1