Florida

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

CPA if you choose to be one

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

ingrained in my mind forever

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

it

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

already back up over here DC a blur

and remember it here

we're going to debit these for debit

let's see this for credit

debit

it

credit

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

the credit

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

important

Debit

Debit

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

and then we have Draw (Withdrawal)

ok then we have for the e

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

you got your EQUITY

all right you got your REVENUE

you spell - oh ok so that's what you got

now this is all you'll ever need and it

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

while when you're first starting now

ok but DC/ADE/LER

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

learned this write this down

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eventually America so