Always Balances

Preview:

Subject: Introductory Accounting · The Accounting Equation

Short Description: Assets = Liabilities + Equity — and it always balances. This smooth Afrobeats-pop anthem is narrated by the ledger itself, walking you through the five account types and the debit/credit rule that trips up every first-year accounting student. "A-E debit, L-E-R credit" will be in your head before your first exam.

What's Included:

• 1 high-quality WAV audio file
• 1 cinematic lyric video (HD)
• Sound: Afrobeats-Pop / Hip-Hop
• The fundamental accounting equation and all 5 account types
• The debit/credit nature rule (the #1 intro accounting stumbling block)

Lyrics:

Assets on the left.
Liabilities and equity on the right.
Every transaction has two sides
I keep them balanced through the night.

I am the ledger. I have been here forever.
Fifteenth-century Venice, that's where they made me clever.
Luca Pacioli wrote it down in fourteen ninety-four
double-entry bookkeeping. The system at the core.

Every dollar in has a dollar out.
Every debit's got a credit, that's what it's all about.
Assets equal liabilities plus equity in the end.
The equation always balances. The rule will never bend.

What you own, what you owe,
what's left over, what comes in, what you spend.
Five account types in the book
that's the framework I defend.

Always balances. Always equals.
Assets on the left. Right side equals.
Liabilities plus equity, that's the law.
Net income builds the equity, that's the floor.
I am the ledger.
I keep it real. I keep the score.
Always balances. Always, forever more.

Assets - what the business owns.
Cash, equipment, inventory, receivables, the bones.
They increase with a debit, decrease with a credit too.
Debit nature is the rule. That's how the math goes through.

Liabilities - what the business owes.
Loans, accounts payable, the debt that grows.
Credit nature is the law, they increase on the right.
Pay them down with a debit. Keep the balance tight.

Equity - what's left when the dust has cleared.
Owner's stake, retained earnings, the residual feared.
Credit nature, on the right with the debts and the dues.
Liabilities plus equity, the balanced news.

What you own, what you owe,
what's left over, what comes in, what you spend.
Five account types in the book
that's the framework I defend.

Always balances. Always equals.
Assets on the left. Right side equals.
Liabilities plus equity, that's the law.
Net income builds the equity, that's the floor.
I am the ledger.
I keep it real. I keep the score.
Always balances. Always, forever more.

Here's the rule that trips the freshman up:
Assets and Expenses, debit nature in the cup.
Liabilities, Equity, Revenue, credit side they live.
A-E debit. L-E-R credit. That's the gift.

Revenue minus Expenses, that's the net.
Add it back to equity. Don't forget.
Profit lifts the equity. Losses pull it down.
The income statement feeds the balance sheet's crown.

Always balances. Always equals.
Assets on the left. Right side equals.
Liabilities plus equity, that's the law.
Net income builds the equity, that's the floor.
I am the ledger.
I keep it real. I keep the score.
Always balances. Always, forever more.

Assets on the left.
Liabilities and equity on the right.
Every transaction has two sides 
I keep them balanced through the night.

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