Podcast: Play in new window | Download

Subscribe: Apple Podcasts | RSS

In this particular episode, you will learn

  • Memorizing something - yup

The Debits & Credits Rap is designed to help teach the debits and credits accounting concept in an entertaining way.

Accounting Play and I trying to get paid

Debit assets up, credit them down
San Francisco livin’ - up town
Now listen up - to the CPA sound

Hook:

Debit cash up, credit down
Other side now, flip around
I got revenue credits, expenses as debits
Expense increases with debits and decreases with credits
Debit left, credit right - balance sheet so tight
Liability, not for me you see
Drop down with a debit, come up with a credit
I ain’t no nerd, no cash deferred
Down down with a debit, up up with a credit

Reppin’ S.F.C., profits - to equity
Drop down with a debit, come up with a credit
Earnings retained, CPA brains
Down down with a debit, up up with a credit
Hook:

Debit cash up, credit down
Other side now, flip around
I got revenue credits, expenses as debits
Debit left, credit right - balance sheet so tight

Revenue credits, expenses as debits
Fo’ my profit and loss, CPA Boss
Revenue credits to the sky so high
Without a doubt - expenses debit out
Balance sheet impeccable, assets, and capital
Accounting Play for the Bay out rapable
Bonds is owned and yours is payable
independent now, I ain’t for sale bro

Hook:

Debit cash up, credit down

Other side, now flip around

I got revenue credits, expenses as debits
Debit left, credit right – balance sheet so tight
Debit left, credit right – balance sheet so tight
Debit left, credit right – balance sheet so tight

Summary

The Debits & Credits rap is designed to make the debits and credits concept more easily memorable and fun. There is also a dance to go along with the hook. By analyzing the song in the context of T-accounts and tracing through the concepts, you can deepen your understanding in this area. If you have your own version of the song and dance, please post. It is always appreciated.