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