Course Description:

The Accounting Equation explained in full. This episode is part of a series exploring Accounting Basics. In this Accounting tutorial you’ll learn how to derive the basic Accounting Equation from scratch. I will demonstrate the relationship between Assets, Liabilities and Equity which together represent the three elements of the Accounting Equation. This is the most important concept to understand when studying Accounting for Beginners because it is the foundation of the Double Entry Accounting system. Course Length: 4:57 Source: Accounting Stuff

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