-
The ACCOUNTING EQUATION For BEGINNERS
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-quiz
🖊Accounting Equation Practice Questions → https://accountingstuff.com/practice-questions
The Accounting Equation explained in full. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. 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 Acco...
published: 16 Aug 2018
-
Accounting equation explained
How does the accounting equation work, and what are some examples of using the accounting equation?
The #accounting equation states that assets always equal liabilities plus equity. Assets are what a company owns, and they are recorded on the left hand side of the balance sheet. What a company owes is recorded on the right hand side of the balance sheet, and can be split between liabilities (what is owed to creditors) and equity (what is owed to shareholders). Assets equal liabilities plus equity. If assets go up, then liabilities and equity also must go up. If assets go down, then liabilities and equity also must go down.
The accounting equation is the foundation for double entry bookkeeping. You could even see the accounting equation as the most important concept in accounting – period...
published: 04 Mar 2019
-
The Accounting Equation: a Quick Guide
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-quiz
🖊Accounting Equation Practice Questions → https://accountingstuff.com/practice-questions
In this video I attempt to explain the Accounting Equation in less than two minutes.
The Accounting Equation is a formula that sets out the relationship between Assets, Liabilities & Equity. It says that at any given moment, a business's Assets must equal its Liabilities plus Equity. You could call this the backbone of bookkeeping because the accounting equation always has to balance.
The concept at the heart of the Accounting Equation is very simple. The stuff that a business owns is equal to the stuff that a business owes. A business ow...
published: 05 Feb 2024
-
Accounting Equation | Explained with Examples | Accounting Basics
In this basic accounting lesson, we explain what the accounting equation is, why the accounting equation is done, and we go through examples of how the accounting equation is done. Check it out, we explain the three parts of the accounting equation, namely assets, equity, and liabilities.
Accounting Equation Introduction Explained | Accounting For Beginners Lesson 1: https://youtu.be/0H506eq8DZQ
Accounting Equation | with Debits and Credits | Explained with Examples Lesson 2: https://youtu.be/tjBNhiV3Pos
How to easily Remember DEBITS and CREDITS | Simple Tip | Accounting Basics: https://youtu.be/_AKoCgOlTcw
Debit and Credit Explained | Accounting Basics: https://youtu.be/qBTpJSiAJBw
General Journal Explained With Examples | Accounting Basics: https://youtu.be/DjONzUPnhkM
Depreciation...
published: 25 Aug 2019
-
The Basic Accounting Equation
This video explains the basic accounting equation and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple...
published: 10 Jul 2013
-
Accounting Equation - Problem 1 - By Saheb Academy
Here I have solved a full fledged problem of Accounting Equation in a simple way.
⏱TIMESTAMPS
00:00 - Analyzing Question
13:45 - Solution
Previous Video:
Accounting Equation - Concept
https://youtu.be/oNlOHXw4VAo
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
published: 14 Nov 2021
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Accounting for Beginners | Part 1 | The Accounting Equation
In part 1 of the accounting lesson for beginners, we explain what the accounting equation is and why it is important to understand the accounting equation. We explain assets, equity, and liabilities. We also give examples of assets, equity, and liabilities. We go through a complete example of doing the accounting equation.
Accounting for Beginners | Part 2 | Debits and Credits | Journal Entries: https://youtu.be/Lrb2Wh7oXJs
Accounting for Beginners | Part 3 | General Ledger (T-Accounts): https://youtu.be/3fXcgwxz5eM
Accounting for Beginners | Part 4 | Accruals & Prepayments: https://youtu.be/WiHh75bjMe8
Accounting for Beginners | Part 5 | Trial Balance: https://youtu.be/VOB1jeu4Omg
Accounting Equation | with Debits and Credits | Explained with Examples: https://youtu.be/tjBNhiV3Pos
J...
published: 06 May 2021
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The Accounting Equation
http://www.accounting101.org/accounting-equation/
Every transaction that happens within a business has an effect on its financial position. The accounting equation is what keeps all of the transactions in balance and helps users of the information make sense of what areas each transaction affects. The financial position of any company is based on the following items:
Assets: what the company owns
Liabilities: what the company owes to other parties
Owners' Equity: the difference between assets and liabilities
The Accounting Equation
The basic accounting equation simplifies our understanding of how these three areas of the company relate to each other. The basic accounting equation for any given business is:
Assets = Liabilities + Owners' Equity
Assets are the things that the company owns, ...
published: 25 Sep 2011
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WBCHSE CLASS 11 Accountancy ch3(Basic accounting equation and double entry system) part2#account
#wbchse#class11account#accountingconcepts#account#onlinetutor#handwritten#notes#2024#accountacy#class11account#handwrittennotes#onlineclasses#education
published: 18 Jun 2024
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Accounting Equation - Class 11 / CA Foundation - By Saheb Academy
Here I have explained the Accounting Equation and all the logics behind it with a practical example.
⏱TIMESTAMPS
00:00 - Concept
04:53 - What is an Asset?
05:33 - What is Liability?
06:38 - What is Equity?
08:03 - Meaning of the Equation
10:39 - Expanded Accounting Equation
13:58 - Practical Example
21:15 - Conclusion
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
published: 08 Nov 2021
4:58
The ACCOUNTING EQUATION For BEGINNERS
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-q...
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-quiz
🖊Accounting Equation Practice Questions → https://accountingstuff.com/practice-questions
The Accounting Equation explained in full. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. 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.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:30 - How the Accounting Equation Works
00:52 - What are Assets, Liabilities and Equity?
01:13 - What is the Accounting Equation?
01:30 - What are Assets, Liabilities and Equity made up of?
02:03 - What is a Balance Sheet?
02:16 - Accounting Equation Examples
03:37 - Recap
04:16 - What is the Best Accounting Book for Beginners?
🔗OTHER RESOURCES
▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
🎵MUSIC
▪ Lakey Inspired - Blue Boi → https://soundcloud.com/lakeyinspired/blue-boi
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
https://wn.com/The_Accounting_Equation_For_Beginners
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-quiz
🖊Accounting Equation Practice Questions → https://accountingstuff.com/practice-questions
The Accounting Equation explained in full. This episode is part of a series exploring Accounting Basics. To see the whole playlist check out the link below. 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.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:30 - How the Accounting Equation Works
00:52 - What are Assets, Liabilities and Equity?
01:13 - What is the Accounting Equation?
01:30 - What are Assets, Liabilities and Equity made up of?
02:03 - What is a Balance Sheet?
02:16 - Accounting Equation Examples
03:37 - Recap
04:16 - What is the Best Accounting Book for Beginners?
🔗OTHER RESOURCES
▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
🎬LEARN ACCOUNTING BASICS FOR FREE
▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb
🎵MUSIC
▪ Lakey Inspired - Blue Boi → https://soundcloud.com/lakeyinspired/blue-boi
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
- published: 16 Aug 2018
- views: 899582
3:39
Accounting equation explained
How does the accounting equation work, and what are some examples of using the accounting equation?
The #accounting equation states that assets always equal li...
How does the accounting equation work, and what are some examples of using the accounting equation?
The #accounting equation states that assets always equal liabilities plus equity. Assets are what a company owns, and they are recorded on the left hand side of the balance sheet. What a company owes is recorded on the right hand side of the balance sheet, and can be split between liabilities (what is owed to creditors) and equity (what is owed to shareholders). Assets equal liabilities plus equity. If assets go up, then liabilities and equity also must go up. If assets go down, then liabilities and equity also must go down.
The accounting equation is the foundation for double entry bookkeeping. You could even see the accounting equation as the most important concept in accounting – period! Assets equal liabilities plus equity.
⏱️TIMESTAMPS⏱️
0:00 Introduction to the accounting equation
0:08 Accounting equation definition
0:45 Accounting equation example: startup
1:25 Accounting equation example: purchases
1:53 Accounting equation example: sales
2:48 Accounting equation example: fixed assets
A related video on debits and credits, using DC ADE LER to explain it, can be found at https://www.youtube.com/watch?v=b93KBmcXanI
Philip de Vroe (The Finance Storyteller) aims to make strategy, #finance and leadership enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
https://wn.com/Accounting_Equation_Explained
How does the accounting equation work, and what are some examples of using the accounting equation?
The #accounting equation states that assets always equal liabilities plus equity. Assets are what a company owns, and they are recorded on the left hand side of the balance sheet. What a company owes is recorded on the right hand side of the balance sheet, and can be split between liabilities (what is owed to creditors) and equity (what is owed to shareholders). Assets equal liabilities plus equity. If assets go up, then liabilities and equity also must go up. If assets go down, then liabilities and equity also must go down.
The accounting equation is the foundation for double entry bookkeeping. You could even see the accounting equation as the most important concept in accounting – period! Assets equal liabilities plus equity.
⏱️TIMESTAMPS⏱️
0:00 Introduction to the accounting equation
0:08 Accounting equation definition
0:45 Accounting equation example: startup
1:25 Accounting equation example: purchases
1:53 Accounting equation example: sales
2:48 Accounting equation example: fixed assets
A related video on debits and credits, using DC ADE LER to explain it, can be found at https://www.youtube.com/watch?v=b93KBmcXanI
Philip de Vroe (The Finance Storyteller) aims to make strategy, #finance and leadership enjoyable and easier to understand. Learn the business and accounting vocabulary to join the conversation with your CEO at your company. Understand how financial statements work in order to make better investing decisions. Philip delivers #financetraining in various formats: YouTube videos, classroom sessions, webinars, and business simulations. Connect with me through Linked In!
- published: 04 Mar 2019
- views: 184805
3:09
The Accounting Equation: a Quick Guide
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-q...
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-quiz
🖊Accounting Equation Practice Questions → https://accountingstuff.com/practice-questions
In this video I attempt to explain the Accounting Equation in less than two minutes.
The Accounting Equation is a formula that sets out the relationship between Assets, Liabilities & Equity. It says that at any given moment, a business's Assets must equal its Liabilities plus Equity. You could call this the backbone of bookkeeping because the accounting equation always has to balance.
The concept at the heart of the Accounting Equation is very simple. The stuff that a business owns is equal to the stuff that a business owes. A business owns Assets and it owes Liabilities & Equity.
Assets are the stuff that a business owns. You can think of them as resources that a business uses to operate and generate profit.
Liabilities are the stuff that a business owes to third parties. These are the debts or obligations that it needs to repay in the future.
Equity is the stuff that a business owes to its owners. It is the owner's claim on the Net Assets of a business.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:06 - What is the Accounting Equation?
00:52 - What are Assets?
01:13 - What are Liabilities?
01:30 - What is Equity?
❤️THANK YOU CHANNEL MEMBERS!
Leah Brown
Kristi Koopman
Ryan Glick
themraf1
AbdulKhaliq Ismael
Marcelo Furlan
Charles Puglisi
ANDRE Jefferson
Root & Stone Landscape and Construction
Faisal Ahmed
Daniela Biddulph
John-Michael Lewis
Igor Alexis
Rocco Bouse
Glyn Pritchard-Jones
Beatriz Alvarez
TurningWest, Inc.
JIAXUAN LI
Adam Mccoy
leanne allen
David Rogers
John Fennell
Adamm Ferrier
Connie Kelley
Ligia Hernandez
Stiiiitch
John Rachow
Dameria Hutapea
🔗OTHER RESOURCES
▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
https://wn.com/The_Accounting_Equation_A_Quick_Guide
🆓Accounting Equation Free Cheat Sheet → https://accountingstuff.com/shop
🆓Accounting Equation Free Quiz → https://accountingstuff.com/blog/accounting-equation-quiz
🖊Accounting Equation Practice Questions → https://accountingstuff.com/practice-questions
In this video I attempt to explain the Accounting Equation in less than two minutes.
The Accounting Equation is a formula that sets out the relationship between Assets, Liabilities & Equity. It says that at any given moment, a business's Assets must equal its Liabilities plus Equity. You could call this the backbone of bookkeeping because the accounting equation always has to balance.
The concept at the heart of the Accounting Equation is very simple. The stuff that a business owns is equal to the stuff that a business owes. A business owns Assets and it owes Liabilities & Equity.
Assets are the stuff that a business owns. You can think of them as resources that a business uses to operate and generate profit.
Liabilities are the stuff that a business owes to third parties. These are the debts or obligations that it needs to repay in the future.
Equity is the stuff that a business owes to its owners. It is the owner's claim on the Net Assets of a business.
🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel
⏱️TIMESTAMPS
00:00 - Intro
00:06 - What is the Accounting Equation?
00:52 - What are Assets?
01:13 - What are Liabilities?
01:30 - What is Equity?
❤️THANK YOU CHANNEL MEMBERS!
Leah Brown
Kristi Koopman
Ryan Glick
themraf1
AbdulKhaliq Ismael
Marcelo Furlan
Charles Puglisi
ANDRE Jefferson
Root & Stone Landscape and Construction
Faisal Ahmed
Daniela Biddulph
John-Michael Lewis
Igor Alexis
Rocco Bouse
Glyn Pritchard-Jones
Beatriz Alvarez
TurningWest, Inc.
JIAXUAN LI
Adam Mccoy
leanne allen
David Rogers
John Fennell
Adamm Ferrier
Connie Kelley
Ligia Hernandez
Stiiiitch
John Rachow
Dameria Hutapea
🔗OTHER RESOURCES
▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation
🔎FAQ
▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m
🔝 CLOUD ACCOUNTING SOFTWARE
▪ QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N
▪ QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7
▪ Xero (FREE TRIAL) → https://xeroamericas.grsm.io/ck90eoq1r6tu
🚶FOLLOW ME ON
▪ Instagram → https://www.instagram.com/accountingstuff
▪ TikTok → https://www.tiktok.com/@accounting_stuff
▪ Facebook → https://www.facebook.com/thisisaccountingstuff/
________________________
DISCLAIMER
Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you!
________________________
#accounting #accountingbasics #accountingstuff
- published: 05 Feb 2024
- views: 22813
10:50
Accounting Equation | Explained with Examples | Accounting Basics
In this basic accounting lesson, we explain what the accounting equation is, why the accounting equation is done, and we go through examples of how the accounti...
In this basic accounting lesson, we explain what the accounting equation is, why the accounting equation is done, and we go through examples of how the accounting equation is done. Check it out, we explain the three parts of the accounting equation, namely assets, equity, and liabilities.
Accounting Equation Introduction Explained | Accounting For Beginners Lesson 1: https://youtu.be/0H506eq8DZQ
Accounting Equation | with Debits and Credits | Explained with Examples Lesson 2: https://youtu.be/tjBNhiV3Pos
How to easily Remember DEBITS and CREDITS | Simple Tip | Accounting Basics: https://youtu.be/_AKoCgOlTcw
Debit and Credit Explained | Accounting Basics: https://youtu.be/qBTpJSiAJBw
General Journal Explained With Examples | Accounting Basics: https://youtu.be/DjONzUPnhkM
Depreciation & Accumulated Depreciation Explained: https://youtu.be/oBfFP_nFxsM
Check out other straight-forward examples on our channel.
We also offer one-on-one tutorials at reasonable rates.
Connect with us:
Email:
[email protected]
Our Website: https://Counttuts.com
Our Facebook Page: https://www.facebook.com/Counttuts
Support our Efforts: https://www.patreon.com/Counttuts
https://wn.com/Accounting_Equation_|_Explained_With_Examples_|_Accounting_Basics
In this basic accounting lesson, we explain what the accounting equation is, why the accounting equation is done, and we go through examples of how the accounting equation is done. Check it out, we explain the three parts of the accounting equation, namely assets, equity, and liabilities.
Accounting Equation Introduction Explained | Accounting For Beginners Lesson 1: https://youtu.be/0H506eq8DZQ
Accounting Equation | with Debits and Credits | Explained with Examples Lesson 2: https://youtu.be/tjBNhiV3Pos
How to easily Remember DEBITS and CREDITS | Simple Tip | Accounting Basics: https://youtu.be/_AKoCgOlTcw
Debit and Credit Explained | Accounting Basics: https://youtu.be/qBTpJSiAJBw
General Journal Explained With Examples | Accounting Basics: https://youtu.be/DjONzUPnhkM
Depreciation & Accumulated Depreciation Explained: https://youtu.be/oBfFP_nFxsM
Check out other straight-forward examples on our channel.
We also offer one-on-one tutorials at reasonable rates.
Connect with us:
Email:
[email protected]
Our Website: https://Counttuts.com
Our Facebook Page: https://www.facebook.com/Counttuts
Support our Efforts: https://www.patreon.com/Counttuts
- published: 25 Aug 2019
- views: 340565
6:34
The Basic Accounting Equation
This video explains the basic accounting equation and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went...
This video explains the basic accounting equation and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com
https://wn.com/The_Basic_Accounting_Equation
This video explains the basic accounting equation and provides an example.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
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- published: 10 Jul 2013
- views: 362818
24:27
Accounting Equation - Problem 1 - By Saheb Academy
Here I have solved a full fledged problem of Accounting Equation in a simple way.
⏱TIMESTAMPS
00:00 - Analyzing Question
13:45 - Solution
Previous Video:
Acc...
Here I have solved a full fledged problem of Accounting Equation in a simple way.
⏱TIMESTAMPS
00:00 - Analyzing Question
13:45 - Solution
Previous Video:
Accounting Equation - Concept
https://youtu.be/oNlOHXw4VAo
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
https://wn.com/Accounting_Equation_Problem_1_By_Saheb_Academy
Here I have solved a full fledged problem of Accounting Equation in a simple way.
⏱TIMESTAMPS
00:00 - Analyzing Question
13:45 - Solution
Previous Video:
Accounting Equation - Concept
https://youtu.be/oNlOHXw4VAo
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
- published: 14 Nov 2021
- views: 545878
27:15
Accounting for Beginners | Part 1 | The Accounting Equation
In part 1 of the accounting lesson for beginners, we explain what the accounting equation is and why it is important to understand the accounting equation. We e...
In part 1 of the accounting lesson for beginners, we explain what the accounting equation is and why it is important to understand the accounting equation. We explain assets, equity, and liabilities. We also give examples of assets, equity, and liabilities. We go through a complete example of doing the accounting equation.
Accounting for Beginners | Part 2 | Debits and Credits | Journal Entries: https://youtu.be/Lrb2Wh7oXJs
Accounting for Beginners | Part 3 | General Ledger (T-Accounts): https://youtu.be/3fXcgwxz5eM
Accounting for Beginners | Part 4 | Accruals & Prepayments: https://youtu.be/WiHh75bjMe8
Accounting for Beginners | Part 5 | Trial Balance: https://youtu.be/VOB1jeu4Omg
Accounting Equation | with Debits and Credits | Explained with Examples: https://youtu.be/tjBNhiV3Pos
Join our live sessions: https://counttuts.com/events/
Check out other straightforward examples on our channel.
We also offer one-on-one tutorials at reasonable rates.
Connect with us:
Email:
[email protected]
Our Website: https://Counttuts.com
Our Facebook Page: https://www.facebook.com/Counttuts
Support our Efforts: paypal.me/counttuts
https://wn.com/Accounting_For_Beginners_|_Part_1_|_The_Accounting_Equation
In part 1 of the accounting lesson for beginners, we explain what the accounting equation is and why it is important to understand the accounting equation. We explain assets, equity, and liabilities. We also give examples of assets, equity, and liabilities. We go through a complete example of doing the accounting equation.
Accounting for Beginners | Part 2 | Debits and Credits | Journal Entries: https://youtu.be/Lrb2Wh7oXJs
Accounting for Beginners | Part 3 | General Ledger (T-Accounts): https://youtu.be/3fXcgwxz5eM
Accounting for Beginners | Part 4 | Accruals & Prepayments: https://youtu.be/WiHh75bjMe8
Accounting for Beginners | Part 5 | Trial Balance: https://youtu.be/VOB1jeu4Omg
Accounting Equation | with Debits and Credits | Explained with Examples: https://youtu.be/tjBNhiV3Pos
Join our live sessions: https://counttuts.com/events/
Check out other straightforward examples on our channel.
We also offer one-on-one tutorials at reasonable rates.
Connect with us:
Email:
[email protected]
Our Website: https://Counttuts.com
Our Facebook Page: https://www.facebook.com/Counttuts
Support our Efforts: paypal.me/counttuts
- published: 06 May 2021
- views: 713239
3:22
The Accounting Equation
http://www.accounting101.org/accounting-equation/
Every transaction that happens within a business has an effect on its financial position. The accounting equa...
http://www.accounting101.org/accounting-equation/
Every transaction that happens within a business has an effect on its financial position. The accounting equation is what keeps all of the transactions in balance and helps users of the information make sense of what areas each transaction affects. The financial position of any company is based on the following items:
Assets: what the company owns
Liabilities: what the company owes to other parties
Owners' Equity: the difference between assets and liabilities
The Accounting Equation
The basic accounting equation simplifies our understanding of how these three areas of the company relate to each other. The basic accounting equation for any given business is:
Assets = Liabilities + Owners' Equity
Assets are the things that the company owns, or its resources. Assets are things like cash, accounts receivable, inventory, prepaid insurance, buildings & equipment, land, and goodwill. Remember that total assets will always equal liabilities + owners' equity. That's exactly what a balance sheet means... because the assets, or the left side of the balance sheet, will always equal liabilities + owners' equity, or the right side of the balance sheet.
Liabilities are the company's obligations, or the amounts that the company still has to repay to other parties. Liabilities can be notes payable, accounts payable, wages payable, interest payable, bonds payable, or income taxes payable. Liabilities can be viewed as bills that the company has to pay, or as the part of the source of acquiring their assets. For example, if the company bought a new delivery truck for $20,000 using a $20,000 loan from the bank, then the company has an asset of $20,000, as well as a liability of $20,000 to pay back to the bank. Notice that the asset equals the liability in this example.
Owners' equity is the amounts invested by the owners of the company plus the cumulative net income that hasn't been taken out or distributed as dividends to the owners of the company.
Difference Between the Balance Sheet and the Income Statement
As we already mentioned, the balance sheet is called the balance sheet because the accounting equation will always balance... meaning the assets side of the balance sheet will always equal the same as the liabilities + owners' equity. There is also a big difference in the format of the balance sheet versus the income statement. The balance sheet gives a company's financial position at any given point in time, where as the income statement is a report of activities over a given time period.
https://wn.com/The_Accounting_Equation
http://www.accounting101.org/accounting-equation/
Every transaction that happens within a business has an effect on its financial position. The accounting equation is what keeps all of the transactions in balance and helps users of the information make sense of what areas each transaction affects. The financial position of any company is based on the following items:
Assets: what the company owns
Liabilities: what the company owes to other parties
Owners' Equity: the difference between assets and liabilities
The Accounting Equation
The basic accounting equation simplifies our understanding of how these three areas of the company relate to each other. The basic accounting equation for any given business is:
Assets = Liabilities + Owners' Equity
Assets are the things that the company owns, or its resources. Assets are things like cash, accounts receivable, inventory, prepaid insurance, buildings & equipment, land, and goodwill. Remember that total assets will always equal liabilities + owners' equity. That's exactly what a balance sheet means... because the assets, or the left side of the balance sheet, will always equal liabilities + owners' equity, or the right side of the balance sheet.
Liabilities are the company's obligations, or the amounts that the company still has to repay to other parties. Liabilities can be notes payable, accounts payable, wages payable, interest payable, bonds payable, or income taxes payable. Liabilities can be viewed as bills that the company has to pay, or as the part of the source of acquiring their assets. For example, if the company bought a new delivery truck for $20,000 using a $20,000 loan from the bank, then the company has an asset of $20,000, as well as a liability of $20,000 to pay back to the bank. Notice that the asset equals the liability in this example.
Owners' equity is the amounts invested by the owners of the company plus the cumulative net income that hasn't been taken out or distributed as dividends to the owners of the company.
Difference Between the Balance Sheet and the Income Statement
As we already mentioned, the balance sheet is called the balance sheet because the accounting equation will always balance... meaning the assets side of the balance sheet will always equal the same as the liabilities + owners' equity. There is also a big difference in the format of the balance sheet versus the income statement. The balance sheet gives a company's financial position at any given point in time, where as the income statement is a report of activities over a given time period.
- published: 25 Sep 2011
- views: 346669
8:35
WBCHSE CLASS 11 Accountancy ch3(Basic accounting equation and double entry system) part2#account
#wbchse#class11account#accountingconcepts#account#onlinetutor#handwritten#notes#2024#accountacy#class11account#handwrittennotes#onlineclasses#education
#wbchse#class11account#accountingconcepts#account#onlinetutor#handwritten#notes#2024#accountacy#class11account#handwrittennotes#onlineclasses#education
https://wn.com/Wbchse_Class_11_Accountancy_Ch3(Basic_Accounting_Equation_And_Double_Entry_System)_Part2_Account
#wbchse#class11account#accountingconcepts#account#onlinetutor#handwritten#notes#2024#accountacy#class11account#handwrittennotes#onlineclasses#education
- published: 18 Jun 2024
- views: 2
24:26
Accounting Equation - Class 11 / CA Foundation - By Saheb Academy
Here I have explained the Accounting Equation and all the logics behind it with a practical example.
⏱TIMESTAMPS
00:00 - Concept
04:53 - What is an Asset?
05:3...
Here I have explained the Accounting Equation and all the logics behind it with a practical example.
⏱TIMESTAMPS
00:00 - Concept
04:53 - What is an Asset?
05:33 - What is Liability?
06:38 - What is Equity?
08:03 - Meaning of the Equation
10:39 - Expanded Accounting Equation
13:58 - Practical Example
21:15 - Conclusion
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
https://wn.com/Accounting_Equation_Class_11_Ca_Foundation_By_Saheb_Academy
Here I have explained the Accounting Equation and all the logics behind it with a practical example.
⏱TIMESTAMPS
00:00 - Concept
04:53 - What is an Asset?
05:33 - What is Liability?
06:38 - What is Equity?
08:03 - Meaning of the Equation
10:39 - Expanded Accounting Equation
13:58 - Practical Example
21:15 - Conclusion
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
PDF Notes (Telegram)
https://t.me/sahebacademy7
Clear your doubts by direct messaging us on Instagram
https://www.instagram.com/sahebacademy/
Please Like, Subscribe and Share this video on your social media account.
#accounting #class11 #cafoundation
- published: 08 Nov 2021
- views: 156337