yo what up cpa strength back for another
motherfucking video lo where's my cereal
what the fuck's my series called
accounting for beginners
this is number 17
this one is going to do t counts
I been getting a lot of questions on two
counts so that's why these videos coming
out so drop a question down there in the
comments if you want to see something
another video i write them down
I read all the comments are all the
questions for videos on my phone and
then you know if we get like three or
four five or 6i don't call i'll make
that video first know about that this
one is t-accounts side note i never
understood to account how they were
taught in the books how I learned it in
school and it's day 1 stuff so I really
think that that's a reason why I totally
struggled all through college and learn
this deep my DC aylar I didn't learn
that Intel studying for the cpa exam
after college the t account is like day
one stuff and I didn't know and that's
why I struggled so you I just need I
think you need to know the basics front
back left right account is like
beginning like day one stuff so i want
to show you that you don't need to use
two accounts you know maybe on your test
you might have to do a t-account but if
you write down scratch sheet of paper
doing your homework or test or quiz DC
aylar and right now what they mean
you're going to find the t-accounts
let's get into this T counts i forgot
have a pen in my hand or something . i
don't know why a t-account at the basic
level is an account title
yeah you know the account titles i guess
the
April you know is either going to be an
asset a draw and expense a liability
equity revenue and if you see here on CC
a blur
these are those the same account asset
draw experience liability equity revenue
and now this is and it's got a left side
and the right side the t account does
and debit is always left hand side
credit is always right inside but i
forgot a parenthesis over here
don't hate that's also with my DC alert
now if you notice em they call it a
t-account because looks like a tea mine
the DC a blur
you know is it is a t count as well
wow that was fucking exhausting doing
this is the t-accounts now I i got a
book so I treat it so it because i
wanted i wanted to have exactly what you
know they're teaching classes or what
you know how the masses learning but
boom show you right here
there we go so that is like 57 of this
book page 57 in this book i got enough
there was on for ten dollars use don't
want to make sure what your is but i
believe his debit and credit system
accounting has been going since like the
14 hundreds so I think we're good for
five years
you know like when I think a
five-year-old ten-year-old basic
accounting book is going to be fine not
much changes with the debits and credits
they left and right somehow here so 464
whatever so what was that one ideal now
Bray sure you got that
account so this is this is in the book
this is mike how you learn to accounts
in school
this right here shows the same thing as
this DC aylar hello how do you remember
this when you're starting off and to
write that down scratch paper is going
to take forever
this just a teacher in school just
doesn't compute with my brain
if this works for you then by all means
do it
this is what works for me but i'm going
to show you its exact same thing as a
t-account Saudi sealord's exact same
thing
let's just start through with the
t-accounts now these that this is these
are how the account these are the
accounts pcs before every character has
a title Devon credits always left title
Democratic title Democrat title Democrat
title Democrat title have a credit what
I like doing DC a blur is just right
debit and credit once instead of a 3 46
different times and that's just me
let's see everything makes sense d
sealer to the book asset debit side goes
up credit side goes down
dcl or asset debit positive debit up
credit down works liabilities credit up
debit down DC a fleur-de-lis or
liability up a bit down but i already
said like interchangeable like positive
and negative and up and down for the
debits and credits and I might be a
little confusing
I just want to do how they have in the
books and then this is kind of my style
you can do whatever you want you can
think that these are the up
you know these are the opposition's and
not positive and negative you want to
fuck you want to do
ok let's get it third count we're gonna
look at owner's equity up credit
positive credit down debit equity yes
positive credit down debit let's look
for the owners drawing to count credit
down debit up DC a lawyer draw a bit up
credits out positive negative
let's go to revenue account credit up to
have it down revenue GCA large-hearted
up for positive debit down- these are
the positive sides or the outsides where
they fall I did like the opposite side
of number 16 if you were wondering I
think I give a breakdown DC learn and
accounting for beginner 16 or over
expenses who is fucking so Westing
expenses credit down damn it up that's
the t-account expenses get it up credit
down positive negative
ok so basically this is one of the
teaching but these are two accounts and
I'm trying what I'm trying to get as a
DC alert is a t-account and the way the
way the book of growth et countdown
Chinese you know it does some other does
some other things which are GCL or does
now
this is an equals right there also text
about some chippers more trying to get
my chip wassup dawg
it was chippers tights on the book they
say assets equal liabilities plus equity
that is the basic accounting equation DC
Hitler has them in because I say this is
an equal sign and assets equal
liabilities plus equity that's the
balance sheet so this is the balance
sheet there then it has off of owner's
equity has drawing account which
basically is negative equity right here
see it's like the other side of equity
because they comes it comes out of the
equity so right there that works for
their then it says only have the income
statement which is revenues minus
expenses and here we go here's the
income statement i'm going to get a lot
of questions for the t-accounts i only
used to eat council never understood he
counts if you do awesome but i find it
much more easy to just use dca learn as
a t-account the end of the video to some
words of encouragement you know I only
see haters when i'm looking in the
rearview call me ray charles because i
don't see fuckin haters anyways prunes