yo what up. cpa strength back at it with another Accounting video. this one is basic
accounting for beginners number 16
I want to start out saying this one is a video based on comments questions I get
thank you for the questions if you don't understand something you want to see the
video leave a comment i will respond i will get around to making a video i have
a long list of videos on currently making and if i get the same question
four or five times i know that i didn't explain i didn't explain it correctly
and now when I get questions i can just refer to video this one is what's on the
other side because I say you know DC a blur and that's and that's in positives
and I get questions saying oh well if you said ask you said assets of credit
but there's only lord over there somewhere to go so i will show you it's
basically a mirror image
let's go I want you to start out with the dcl or not always tell udca lawyers
in the positive form so debit/credit asset draw expand liability equity
revenue here is now this is the positive side and this is why I always this is DC
a l'heure
this is the positive side you flip you flip these right here like a mirror
this is like a mirror although the reason i have like DC by itself is
because this never switches it's always positive so even see even in the mirror
when it flips you've still got a double that credit on the right to left and on
the right orange on the green on the inside
then I don't know someone that means you always got any ways whether it's the
positive side or a negative side always down the left that's not right
always always debits left credits the right always always always going to
equal your journal enjoys an equal so this is what we this is what I've always
said this is what I've always given out and then isolate a lot of questions on
an asset is it is you know I say you you spend catch you spend cash they have a
negative asset so I say oh you're going to credit that so i get a lot of
questions and say full you said the credit side was learn liabilities equity
in revenue so where is how is an asset cracker because you keep on saying acid
is debited well see that's the positive side like this is this side over here
which i always say because i think it's easier in your head to always think of
the positive melts see this this side here asset going up draw going up Spence
going up liability going up equity going up revenue going up now we're going to
go we're going over to the negative side and just I think this is like the first
time I've ever written it like this you're and it totally brain fucking
totally fucking so it's anyway so this is CW the left to the right still but
this is the negative side and it's basically near debit if you have a
negative liability Japanese negative equity debit if you have a negative
revenue now you credit
if you have a negative asset crate if you have a negative for all credit if
you have a negative expense
yeah so I hope that helps our hope that was informative and i will say again
practice practice practice practice and just never stop and don't talk about it
be about it and I'll see anyways till next time i will see you