Anahi  Kirlin

Anahi Kirlin

1588566780

Debits and Credits MADE EASY with ADEx LER

Finally understand Debits and Credits and remember it easily with our secret weapon: ADEx LER (6:23)
There is a simple rule to understanding debits and credits. By the end of this tutorial you will understand the difference between debits and credits in accounting. You will have your cheat sheet to refer to when it comes to understanding whether a transaction needs to be debited or credited.
You will also understand debit and credit in banking and why banks use the terminology that seems confusing: debit card and credit card. You’ll understand how that fits with our debit and credit examples.

Overview:
Debits and Credits are a fundamental part in accounting. Debits and Credits affect accounts differently depending on the type of account. To memorize the rules easily just remember: Accountants Don’t Expect Low Earning Rates.

Debits and Credits always go together. Every transaction will have Debits and Credits and at least two accounts will be affected. If one account is debited then another one must be credited. Just think of it like a bank transfer. When you send someone money it comes out of your bank account and goes into their account.

The process of recording transactions with debits and credits is referred to as double-entry accounting, because there are ALWAYS at least two accounts involved. There can be more than 2 accounts involved in one transaction but never less than 2. We call this a flow of economic benefit from a source to a destination.

Assets, Dividends, and Expenses are Debits. The balance of these accounts increases with debits and decrease with credits.

Liabilities, Equity, and Revenues are Credits. The balance of these accounts increases with credits and decrease with debits.

Chapters:

  • T-Account Basics - 00:53
  • Rule #1 in Accounting - 1:08
  • Rule #2 in Accounting - 1:25
  • Balance of a T-Account - 2:04
  • Rule #3 in Accounting - 4:10
  • Which accounts are Debit and which credits - 4:34
  • ADEX LER (secret accounting method to remember) - 6:23
  • Accounting Debit / Credit example: 6:41
  • Debit and Credit in Banking (Debit Card) - 8:00

#developer

What is GEEK

Buddha Community

Debits and Credits MADE EASY with ADEx LER
Anahi  Kirlin

Anahi Kirlin

1588566780

Debits and Credits MADE EASY with ADEx LER

Finally understand Debits and Credits and remember it easily with our secret weapon: ADEx LER (6:23)
There is a simple rule to understanding debits and credits. By the end of this tutorial you will understand the difference between debits and credits in accounting. You will have your cheat sheet to refer to when it comes to understanding whether a transaction needs to be debited or credited.
You will also understand debit and credit in banking and why banks use the terminology that seems confusing: debit card and credit card. You’ll understand how that fits with our debit and credit examples.

Overview:
Debits and Credits are a fundamental part in accounting. Debits and Credits affect accounts differently depending on the type of account. To memorize the rules easily just remember: Accountants Don’t Expect Low Earning Rates.

Debits and Credits always go together. Every transaction will have Debits and Credits and at least two accounts will be affected. If one account is debited then another one must be credited. Just think of it like a bank transfer. When you send someone money it comes out of your bank account and goes into their account.

The process of recording transactions with debits and credits is referred to as double-entry accounting, because there are ALWAYS at least two accounts involved. There can be more than 2 accounts involved in one transaction but never less than 2. We call this a flow of economic benefit from a source to a destination.

Assets, Dividends, and Expenses are Debits. The balance of these accounts increases with debits and decrease with credits.

Liabilities, Equity, and Revenues are Credits. The balance of these accounts increases with credits and decrease with debits.

Chapters:

  • T-Account Basics - 00:53
  • Rule #1 in Accounting - 1:08
  • Rule #2 in Accounting - 1:25
  • Balance of a T-Account - 2:04
  • Rule #3 in Accounting - 4:10
  • Which accounts are Debit and which credits - 4:34
  • ADEX LER (secret accounting method to remember) - 6:23
  • Accounting Debit / Credit example: 6:41
  • Debit and Credit in Banking (Debit Card) - 8:00

#developer

Credit card fraud and technical solutions

Credit card fraud is an increasingly expensive problem. Technology offers solutions to help combat the problem and gain control.
How to prevent fraudulent transactions in credit cards is a common question plaguing the credit card user today. The credit card brings convenience and security to the users, but the same can become a cause of agony if the user is a victim of any credit card fraud. Smart systems are coming to the aid of credit card users and empowering them against cybercriminals. Using fraud detection tools and following some simple precautions, the users can protect themselves against credit card fraud.

#credit card fraud detection #types of credit card fraud #contactless payment systems #technological challenges in credit card fraud #prevent fraudulent transactions in credit cards

Mike doctor

Mike doctor

1624717503

The 6 TOP Credit Cards for Beginners (High Rewards) . HOT NEWS!!!

In this video, I’m going over the 6 BEST credit cards for beginners! All these cards have high cash back rewards, no annual fee, and great protection. If you’re deciding which credit card to get, this video will go over the benefits of these top 6 cards, and which situations each is best for.
If you aren’t using credit cards yet but you are looking to save money on each purchase, consider one of these cards. I’ve gone through the hundreds of credit cards out there and picked my favorite ones that honestly will save you a ton of money. Not only can you get some pretty big sign up bonuses, you can also get as much as 5% cash back on many purchases.

Optimally, you will start with one card and work your way up to multiple cards. This is because some cards are better for spending in different categories. They also offer different perks that can work well together.

If you’re looking for the best points ecosystem, I’d have to give it to Chase.
They offer the most flexible and valuable points, and I’ve been using my Chase points to travel for free over the last 5 years. They have some great sign up bonuses going on right now. My first credit card was with Chase, and it was the best decision I’ve made. I now have 7 Chase credit cards!

Hope you guys found this video helpful! I love credit cards and have benefitted so much from them. I want you guys to all do the same.

📺 The video in this post was made by Charlie Chang
The origin of the article: https://www.youtube.com/watch?v=Ygmqh6nyaRU
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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Thanks for visiting and watching! Please don’t forget to leave a like, comment and share!

#bitcoin #blockchain #credit card #top credit cards for beginners #the 6 top credit cards for beginners #high rewards

Sigrid  Farrell

Sigrid Farrell

1624096971

Caching made easy in Spring Boot

Caching is a common practice to improve your system in many ways. It helps to make your system resilient, scalable, fast, and even save some bucks depending on your use case.

If in your database some values are read often then it’s a good idea to cache them. This could be the content of the email that you send to a newly registered user, a catchy banner text that changes every day or the number of hours you ban a user from your system for suspicious activity.

If these are accessed too frequently, you may store them in application properties or even in your code, but then you have to redeploy to make the change effective. These are the type of things which are most likely set by the business team, so if they decide to change something it is an overkill to deploy the application. So you better give them a portal to update these and inside your application you both store them in database and cache such as redis as well.

#redis #caching #cacheable #java #spring #caching made easy in spring boot

What is ProxiDeFi (CREDIT) | What is CREDIT token

About PROXI

PROXI is DeFi 2.0 for Cross Chain Derivative Issuance and Credit Lending. PROXI provides the smartest way to invest derivative assets and earn interests with credit-based high leverage tools through the decentralized secure protocol.

The mission of PROXI is to build a one-stop platform for cross-chain multi-asset collateral service, Credit-based lending, derivative issuance, trading and asset management in the DeFi area, providing users with revolutionary, decentralized, and risk-minimized financial products.

DeFi 2.0

One-stop DeFi 2.0 platform for credit lending, cross-chain derivative issuance, trading and asset management.

Derivative Issuance

Infinite Scalability

PROXI provides investors limitless opportunities to make profits from credit-based lending with high leverage and derivative asset issuance in DeFi.

Network Incentives

Secure + Sustainable

Community incentive and governance with an extensive Yield Farming model giving investors multiple opportunities to earn the most high interest.

Portfolio Dashboard

Easy to

Use

Users pick and choose their risk profile and allocate across different derivatives while managing investments in real-time.

Derivative Issuance

Create your own derivatives.

Buy, sell and manage synthetic assets.

Decentralized Multi-asset Collateral Pool

PROXI supports the multi-asset collateral service in a permission-less and decentralized manner.Credit Lending

Users can borrow up to 50-200% of their xToken’s value according to their Reputation(refer to the amount of native token CREDIT) in PROXI.

TOKENOMICS

Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE

Looking for more information…

☞ Website
☞ Announcement
☞ Source Code
☞ Social Channel
Message Board

Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!

#cryptocurrency #bitcoin #blockchain #proxidefi #credit