Welcome to CPA Strength, This is Jonathan
Dorn licensed CPA in the state of 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 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 see more cpa strength because i am a lot we kind of weak but i am going to i am
going to be the strong cpa in Florida eventually America so