FIRST RULE OF ACCOUNTING.

Accounting is boring so says everyone, I beg to differ, once you've begun.

The theory makes sense; it's merely a tool, Debits equal credits, that's the first rule.

Debits and credits are names for location, It's really that simple, not cause for vexation.

A debit goes on the left, in dollars, not sense, An increase to assets or an expense.

A credit goes on the right, that's its position, A liability or income, by definition.

Cash is an asset, most folks would agree, Though it can't be replenished by plucking a tree.

So start with the cash or similar thing, For the hint it provides so your hands you won't wring.

"It's not quite that simple," you protest, you demur, "You're positively right," I allow, there's more to be sure.

Barbara J. Babij, CPA, is a consultant in Ridgeway, Ontario, dedicated to releasing creativity and developing leadership in the workplace.