Ep 3. The Accounting Equation

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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