Name: Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity
Uploaded: 2016-12-19T05:01:34.000Z
Duration: 4 min 44 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Welcome to CPA Strength,  This is Jonathan Dorn licensed CPA in the state of

let's get it in,  I want to show you,  one of  the you the only accounting equations

- you're going to ever need, this is day one stuff and this Will help you carry through to a

I still write it on my papers although this what I'm going to write down is

so let's get it started what what you're going to want to write is DC / ADE / LER

so you got that DC/ADE/LER  just somehow memory ize that I don't care how

you're going to write it just memorize it ok ok are you going to do it just do

so why is it important we'll be right back up

now accounting these were always always going to equal of it's going to equal

it's kind of small. You have to see the Debit it's very

Now in the accounting world Debits equal the credits always always always always always so

now for the Debit side we've got the aid got the ADE

and then for the credit side we've got LER

L                          E                                 R

DC/ADE/LER       DC/ADE/LER                   on ADE                           we have assets

expenses all right,  now for the credit for the credit side with LER we have Y

L         I         A         B         I           L         I       T        Y

it totally works this is day one stuff you just have to go with the flow for a

I have an accounting degree from Florida Atlantic University state of Florida

gave me a CPA license and i still use this

so although it's in my head but I think I was going to end this one up just

subscribe to the page if you like this like it

we have lots more we are going to have a whole series going to the whole steps of income

statement balance sheet so subscribe to the page

we kind of weak but i am going to i am going to be the strong cpa in Florida

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Accounting for Beginners #1 / Debits and Credits / Assets = Liabilities + Equity

stuff

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eventually

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