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Ep 3. The Accounting Equation episode artwork

EPISODE · May 29, 2025 · 9 MIN

Ep 3. The Accounting Equation

from Debit, Credit, Done! · host Dean Quartermaine

In this episode of Debit, Credit, Done!, Dean breaks down the backbone of all double-entry bookkeeping: the accounting equation. Whether you're new to accounting or need a refresher, this clear and practical walkthrough explains how every transaction affects a business’s financial position. Learn the difference between assets, liabilities and capital, and discover why this equation must always balance. Featuring real-world examples and tips for AAT students, this episode builds directly on DEAD CLIC from Episode 2.📚 Perfect for AAT Level 2 and Level 3 learners🧮 Key concepts: assets, liabilities, capital, double entry, balancing transactions📓 Next episode: Journals – where accounting stories begin

Episode metadata supplied by the publisher feed · Published May 29, 2025

What this episode covers

In this episode of Debit, Credit, Done!, Dean breaks down the backbone of all double-entry bookkeeping: the accounting equation. Whether you're new to accounting or need a refresher, this clear and practical walkthrough explains how every transaction affects a business’s financial position. Learn the difference between assets, liabilities and capital, and discover why this equation must always balance. Featuring real-world examples and tips for AAT students, this episode builds directly on DEAD CLIC from Episode 2.📚 Perfect for AAT Level 2 and Level 3 learners🧮 Key concepts: assets, liabilities, capital, double entry, balancing transactions📓 Next episode: Journals – where accounting stories begin

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This episode is 9 minutes long.

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This episode was published on May 29, 2025.

What is this episode about?

In this episode of Debit, Credit, Done!, Dean breaks down the backbone of all double-entry bookkeeping: the accounting equation. Whether you're new to accounting or need a refresher, this clear and practical walkthrough explains how every...

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