Tutorial 1: Accounting Equation Explained for Beginners
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YouTubeLearn InLeague
Tutorial 1: Accounting Equation Explained for Beginners
Watch this video, basic accounting equation lecture. Assets equal liabilities plus capital or owner's equity. It is the fundamental of accounting - the key to understanding accounting - the secret sauce. Visit: http://www.learninleague.com for more videos. Anyone can learn accounting one LiL video at at time (Learn InLeague). Want to learn any ...
25.7K viewsMar 17, 2017
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What does the Accounting Equation mean? 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 own
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