In this episode of Debit, Credit, Done!, Dean explains the role of the trial balance in double-entry bookkeeping. Learn how to list ledger account balances, check that debits equal credits, and prepare your books for the next stage—producing the Statement of Profit or Loss and the Statement of Financial Position. Includes practical examples, common errors to avoid, and a practice task to help solidify your understanding.

📚 Designed for AAT Level 2 and Level 3 learners
🧾 Key skills: preparing a trial balance, spotting posting errors, understanding internal checks
📓 Next episode: Statement of Profit or Loss – did the business make a profit?

In this episode of Debit, Credit, Done!, Dean guides you through the next stage of the double-entry process—the ledger. Discover how journal entries are posted into individual T-accounts, how to organise ledger records accurately, and why this step is essential before preparing a trial balance. Using clear examples and practical advice, this episode helps AAT students build confidence in sorting and recording transactions in the general ledger.

📚 Suitable for AAT Level 2 and Level 3 learners
📒 Key skills: posting from journals to ledgers, using T-accounts, avoiding common posting errors
📓 Next episode: Trial Balance – checking the books before the big reveal

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

In this episode, Dean Quartermaine delves into the fundamentals of double entry bookkeeping, focusing on the DEAD CLIC theory, which serves as a mnemonic for remembering the rules of debits and credits. He explains how every transaction impacts at least two accounts and emphasizes the importance of understanding these principles for AAT assessments and real-world applications. The episode concludes with a call to practice and apply these concepts to build confidence in accounting.

Summary

In this inaugural episode, Dean Quartermaine introduces his new podcast aimed at accounting students, highlighting the lack of targeted content in the industry. He shares his experiences from the AccountX conference, where he met inspiring figures like Rachel Harris who is making significant impacts in the accounting and bookkeeping fields. Dean emphasises the importance of building a community for students to discuss their challenges and aspirations in the accounting profession.