Accounting for Beginners | Part 1 | The Accounting Equation
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- Опубліковано 7 чер 2024
- 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: • Accounting for Beginne...
Accounting for Beginners | Part 3 | General Ledger (T-Accounts): • Accounting for Beginne...
Accounting for Beginners | Part 4 | Accruals & Prepayments: • Accounting for Beginne...
Accounting for Beginners | Part 5 | Trial Balance: • Accounting for Beginne...
Accounting Equation | with Debits and Credits | Explained with Examples: • Accounting Equation | ...
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2 why account so important?
To remain us what is going in the business transaction of assets and liabilities.
3 book keeping is collecting information in the business you start.
Another: I was learning
Financial Accounting is to allow people to records the information in the business.
-three main statement
1 income statement. Is one year period
2 Cash flow stetament:
- accounting Equation :
In accounting equation:Assets=capital+laibility is know accounting equation.
-and the ladger:is accounting of final Entry book where transaction are listed.
2
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