Do you have a trick to remember what falls under the 3 categories operations, investments, and financials?
2025-10-20 06:26:29
5
harjhotchhachhi :
We call it DEAD CLIC in the UJ
2025-11-16 05:56:56
22
Lily :
Doing the lord’s work, bless your soul and I hope you have an amazing 2026
2025-11-20 07:09:56
7
DV1D :
I use the same thing for my students. Also, I use the accounting equation and circle assets, dividends, and expenses. Circle accounts have a debit balance, and non circle accounts have a credit balance
2025-10-19 18:21:27
13
blackvampireheart1 :
I use DC ADE LER
2025-10-20 02:41:58
9
jsjshsbsb :
“Equity” is the correct term in DEALER because it is the universal category under GAAP. “Owner’s Equity” only applies to certain structures, mainly sole proprietorships and single-member LLCs that are treated as disregarded entities. Once you move to partnerships, multi-member LLCs, corporations, or anything taxed as a corporation, the equity section changes names (partners’ equity, members’ equity, shareholders’ equity, and so on), but all of these are still part of the broader umbrella of Equity.
That is why the mnemonic uses E instead of O. DEALER works for every entity type and every balance sheet.
2025-11-19 04:37:25
1
gabby :
Thank you for this!
2025-10-19 14:52:26
1
Empress.2021 :
Thank u for explaining ☺️with visuals
2025-11-30 02:56:02
1
Justin Z :
What if it’s contra-assets, contra-revenue, and contra-expense
2025-10-20 23:59:04
3
Nice :
i liked the way you explained
2026-01-06 18:42:55
1
Coffee Loving Accountant ☕️ :
We used Dead and Clic (i think) in my day
2025-10-24 10:45:37
14
DM :
in the Philippines we used the Abbreviation DEALER
2025-12-03 10:11:04
2
Ryannlally :
Real ones remember dc adeler
2025-10-22 03:00:43
3
Carter Kidd :
Facts, helped me out so much
2026-01-07 06:20:53
1
Abby :
I was taught ALE RED but this seems a lot better ngl
2025-11-19 16:38:29
1
Chris :
I used Dead Cler: debit: expenses, assets, and dividends; and credit: liabilities, expenses and revenues.
2025-11-18 04:29:07
1
Malik :
It’s so funny cause I definitely did this before as well, makes it easy with DR’s and CR’s
2025-10-21 11:37:21
1
🦋Megan Lindsey🦋 :
That’s actually mad helpful
2026-02-08 08:45:49
0
Romeo1293 :
Great for students❤
2025-12-09 23:04:52
0
HisSon :
thank you
2026-01-04 05:20:56
0
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