what up everybody it's me
cpa strength Jonathan and Dorn cpa licensee . state of Florida strongest
see Prince to Florida
well I have a very open a while
my business took off a little bit and i'm back i want to go over pretty much
my template for everything
the the template is d DC a blur
now i got i got a lot of I got a lot of comments and whatnot and it was like hey
you know it can be dated clerk could be this or that you know
washington d.c David's credits you know it's it's however you can think of it is
is is the best so and i don't think i really really clear but before that you
know if if you just know like this
this isn't going to get you anywhere but it's a start
so I I like two separate DC just debit credit and then I just separate the aid
because that's the debit side asset draw experience and then lower is the credit
side liability equity revenue so it's however you can
however you can remember that is what what's going to help you in your studies
now I learned this
I learned dca lert Democrat asset draw Spence liability equity revenue
this card I learned this after already had an account agree i ah I really
didn't know what I was doing so well i was actually studying for the cpa exam
I found this on a different youtube video and just clicked in me so at every
day I would study and I would do out right I'll write this out every single
day every single day
then after a while after i memorized it so well then I just put i just put a
line here and then I just put up you know i just put the DC a aid blur
I just wrote that not the whole not the whole words down eventually that carried
over to like my my first counting job that i would i would write this down
there and even even now when I'm just working on a piece of paper over
I just is pretty much put a line a line like this and that way kind of work on
my government to my credits so yeah what i would say for you to do is because you
know whatever you find this hopefully you're in your first accounting class
and you're looking on YouTube
like what to do because I'm fucking lost and I don't understand anything the
teacher saying so you know every time you do homework every time you go to
your accounting class for sure
just right you know DC a debit credit asset to our expense liabilities equity
revenue the credit TC a blur
just write write this just like it is every single time you go in and then in
the first couple times you're not gonna be able to remember exactly what it is
but I guarantee after doing it
ten twenty a hundred times a thousand times you will know this
so this is kind of the stuff start of it and what I do want to talk about a
couple couple different things so i added under drop as I had some people
ask you know what so what's the draw what to draw
I think you know with distribution withdrawal and owner's personal expense
is something to help you out to remember what a draw is also you know I said put
this on your put on your paper
you know on top of a scratch paper every time you go into your accounting classes
or you do accounting homework or you don't bookkeeping and you know this
right here
what I'm teaching you is is a supplement
it's not going to you know like this right here when I give you is not going
to make you an account of what it will do it will make your will make your
classes go a lot better
I got to come from somewhere that says eat
you know I was always messing up what does it is where credit is due
and where things go
and this this this straight you're kind of concrete it out so well I also you
know right down positive that it's a positive side
also this revenues minus expenses is the income statement so that's all container
here
I set liabilities and equity
this is that's the balance sheet
and draw is basically the other side of equity
so this right here when you when you start out doing your homework and
whatnot I would
and for your classes and you do problems i would start out writing all this down
now the first the first time this is going to take you out of five minutes
and then you won't have to look back and see why is what does this even mean you
know what what is this what does me
so the first time I take you fuck you know five or ten minutes to get it all
down and but as you go through as you go through as you go through just keep on
writing this down writing this down you can go grain in your brain and i'll just
use right along here and on your paper anyways thanks for watching if you liked
it
show you know like in there
leave a comment or whatever and i'll see you in the next one
have a great day