yo yo yo CPA strength here back again with my classic series accounting for
beginners number 92 92 right after 91 right before 93 y'all can you believe
we're here I know we haven't been no it's not right now we're gonna do right
now okay I love the comments from people uh
beginners like you don't know if you don't know anything about accounting it
helps me to be a teacher to see what would you understand or what you don't
understand so this is going to be the video from cups I'm stumbling a little
out of practice on this I am sorry bear with me please because you know I'm one
take Timmy oh well let me let me show you let me show you right here up here
is the best accounting playlist in the world it's got the classic series right
here accounting for beginners and this will
make all your dreams come true I'm telling you let make everything
happen for you what power of Attraction and all that you'll find a lot of money
so let's get into this one counting for beginners 92 let's go let's do this come
on man it's awesome a back County it's supposed to be like dry and stuff so I
could be more cray-cray so that's what I like so I can like up up the craziness
on these accounts for beginners because I'd be a CPA I am jack boy we're not
jelly roll oh I do not have a peel currently so I don't give a fuck I'll
have to tell them shit that's right just like let's do some other pretty County
yeah alright so number 92 accounting firm against 92 debit equals left credit
equals right now Devin is left side credit is right side get that you just
you just have to I've seen on other eye scene on another video on youtubes yeah
I watch other accounting videos I you know I tell you guys to do that too I
think someone said or maybe it wasn't an acute ooh video but was somewhere that
said um debit is Latin for left and they also said credit is Latin for right now
I don't speak Latin that's more fucking dead language huh I ain't trying to be
dead yet sounds good let's just go with that okay
that's one of us that's a JT blaze fact so debit debit equals left credit equals
right so you have to just get that like why ygd I don't know because it's Latin
it's the Latin root word so what Latins worry about it and you're
like and then I'll be a Latin and you're like I'll let the Greeks worry about it
yeah all right fine so it just is now you just have like this is just one of
the things you have to remember Devon is left crying is right but spoke on this
in accounting for beginners number two which someone's jacking my number two I
don't know I have to do like a copyright claim on arm I don't know they're
messing my money's up though the comment was I really had that like boom that
like that Eureka idea because that does happen I think a lot of times in the
county it happened to me after like five years of doing this I struggled so much
with this okay the main thing after you figure after
you figure out that debit is a left and credit is right you need to know DC a
blur this is like why why people watch my videos this has helped thousands of
people so yes no one else in the world has my skill set and I do all things you
love that huh don't you could steal that I know one of
my friends already done stole dat 180 left and right debit left credit right
well you know one thing I hear this is double entry accounting this is
entry accounting this is what you're learning in school this is the double
entry accounting system been around since the late 1400s okay double entry
meaning you're gonna have you're gonna have a debit equaling a credit I thought
I don't know what this this line is like a double helix line or something yeah
that's a great DNA you Schmo there's not a DNA double helix so this is double
entry accounting system and I don't know what that I gotta come up with the name
for this line you guys have a name for the line the equal side the middle I
always call it line that's kind of stupid double entry accounting system
double entry accounting is not this is double entry accounting system debits
equal credit debit do equal credits doughnuts are left credits are right
it's not bank account because I always I don't always hear that but I do hear
that sometimes like well how come my bank account and I messed me up too
because the bank sometimes has like debits or credits like differently than
the double-entry accounting system okay so let me make this analysis here or
this I don't even know it is an anagram analogy thought about this morning
you're like you do music right yeah okay why does your music sound different than
his because I do rap music I do trap music and he does country music but
you're like yeah but it's music should it be all the same you're like no so
same with like I guess financials monies or whatever you're like oh well it's
it's about money so it has to be all the same like the bank has to be the same as
double entry accounting system and it's like now I mean it's kind of like
country and rap music you know their music but they're different all your
preconceived notions of what it Devitt is and what a credit is and we're doing
double entry accounting here a debit is left a credit is right that's
pretty much all they are it remember it's the Latin root word
another huge thing and I'm sorry it took me so long to get to this one another
huge thing and we're just gonna harp on this we're gonna harp on this for the
last a little bit they're not good they're not bad a debit not good not bad
a credit not good not bad I'm I just one more time he's so freaking important a
debit you're like oh I just did a journal entry and if I got money if I
got money coming in here let's do a journal entry here money coming in the
bank now this is a this is this will mess you up I had to think I had a
journal entry real quick you believe that let's say we got cash let's say we
got cash a five hundred yeah you all my fives of the guesses in the trash and I
have gotten yelled at that in the past cuz they're willing to say I don't do
shit everyone likes to hate cash 500 and that and let's say it was a revenue
that's gonna your credit revenue a 500 now if you're thinking Bobby did he did
work for 500 for your main job like I did a tax return for $500 so I got the
person gave me $500 cashed up to my debit that's an asset see it goes up and
the revenue would be it's a credit because that's what I do from being work
and that's going up that's that's being increased as well now when I started and
this person left to comment you know they said this is when the light bulb
went off and they figured out it's not good or not bad it's a left or right it
just is I'm saying from personal example this is from a CPA who owns his own
business who struggled so much trust me I struggled so much I think I graduated
college with like a to 7 or to 8 like barely
I already want to to horn too much but I'm definitely one of the most famous
accountants in the world coming from so already know nothing so you can do it
too I used to think okay well cash is cash
is good cash is good who wants to dispute that I don't if you're just beat
that I don't this channel might not be for you so it's a cash good
that's a debit it's in her debit damn it's or good then in the same journal
entry you got revenue you got you got a credit of revenue for 500 revenues good
so I'm like okay well they're both good they're both good I mean I don't know it
just that didn't or I would have something you know it's it's just such a
mind thing so if you think each side are good sometimes you have you have an
expense that's a debit well I mean expenses not good that's money going out
so that's not just bad but cash coming in is good see it's you have good and
bad it just doesn't work and I hope you see that so debit debit left credit
right not good not bad I know I could have done this in five seconds but
anyways this is CPA strength I love doing these accounting videos I love
giving back until next time deuce
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