yo yo yo CPA strength back with
another video this is accounting for
beginners number 99 oh my goodness yeah
I have a whole complete playlist of
accounting for beginners you can check
it out right here anyways this is this
is really this is going to be really
basic and I challenge you to read this
is if you're just you just start now or
maybe if you've been doing accounting
for a while this is really if you don't
know dc8 ler in now then if you do
and congrats write this on your paper
you can do it with me or you can leave
whatever but this is really to write
down dc8 ler on your paper every I
challenge you the rest of your semester
semester write down dc8 ler in full and
then what they stand for and I'm gonna
do it right here and see and we'll just
go like this I only plan this out too
much but what I want you to do is write
this on your paper every day because
then if you if you do it for we'll say a
month middle of if you write that if you
write this out on your paper for a month
every day you'll just know it and then
it'll get faster and faster and faster
so every time I would say every morning
write this out on your paper write this
out on the scratch sheet of paper every
morning and then and then look whenever
you go to accounting class write it out
real fast on your paper
of course definitely you know if you
have a quiz or a test definitely write
it out on a piece of paper and then at
least you have something to refer back
to and you won't get so won't be so
frustrated so overwhelming and you know
I challenge you to write this out of
your piece of paper every morning and
then you know even if you're not going
to
accounting homework that day but every
day seven days a week it'll take it'll
take three minutes to do every morning
you know work it do do your do your
class do your class homeworks and then
you know see what the answer is and word
work with the dc-8 learn it really works
like these these aren't so basic it
won't change but it's a great starting
point and then at least you won't be
nervous or whatever so let's just let me
just let me just do it
all right dc-8 ler now first you're like
okay dc-8 learn all right you you you
can get you got that down so that's cool
right that's if you can or that's if you
can't remember what is what they all
stand for so you might want to start
like this but eventually you're going to
know eventually you're going to know
what they all stand for so eventually
it's just going to be it's going to be
debit line credit
acet draw expense
liability equity revenue now you want to
start where so what are some assets what
in then you go learn learn some assets
so you know like you see something
so look cash is a big one
PPE I want like prop property property
plant and equipment accounts receivable
and then you you know once you know
accounts receivable you can I suppose
felt that wrong you can you can you can
just you know AR whatever once you start
knowing it so that's that's that and if
you come you know across your studies
nearly go what is that you can add it
into your assets your so this is help
you you know this is to help you the
deed the debit debit credit asset draw
expense liability equity revenue is to
help you draw shareholder distribution
shirt holder distribution or you know
whatever you think's it's rostral
distribution dividend expense what you
know there's pilots I don't know why to
say you know rent expense telephone rent
telephone internet light bill there's
your expenses so this is something that
you can just refer back to liability
what's your liability ap which is
accounts payable wages payable wages
payable I think pretty much every all
liabilities are payables payables that's
just off the top of my head right now
we'll just keep it simple so if you're
doing studies and you come across
something that's a liability that you
didn't really know is a liability you
want to try you put the start that on
your piece of paper equity will just go
retained earnings is an equity retain
retained earnings put stock come and
stop as a retainer is that is an equity
revenue
sales revenue of sale here sales revenue
product revenue service revenue so you
know this was its this kind of messy but
there but you're gonna have you're gonna
have your own you're gonna have your own
way of setting up everyday and that's
that's what I want you to do I want you
to set up everyday okay
wonder how that came out or whatever but
anyways I want you to set this up every
morning for about I don't know I would
say until you just know it inside and
out inside note I think they say a
couple weeks you should know it but to
try to go for a month and just see how
it goes anyways this will really help
you if you're in your first accounting
class this is going to be your base your
foundation and these are not going to
change these are not going to change I
have a bunch of other videos check my
playlist out for DCA's or playlists and
stuff you know now I'm looking at this I
don't know how clear this is or whatnot
but anyways I really came I'm just going
to make content that I'm feeling at the
time not overthinking because if I if I
waited till I thought it was perfect I
have no videos out and I'll let you guys
decide with the like and dislike ratio
in the comments to see how good it is so
anyways you all have a great day a
blessed day and I'll see you later
deuces