Accounting Equation Part 1 Youtube 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. w. Accounting equation part 1caption: the accounting equation is assets = liabilities equity, which shows the relationship between a company's resources and i.
Accounting For Beginners Part 1 The Accounting Equation Youtube 👉previous video: watch?v=mtuuhv0ddj0👉next video: watch?v=w2k8nq6r yu=====. In fact, the entire double entry accounting concept is based on the basic accounting equation. this simple equation illustrates two facts about a company: what it owns and what it owes. the accounting equation equates a company’s assets to its liabilities and equity. this shows all company assets are acquired by either debt or equity financing. The accounting equation – part 1 [±10 mins] this video explains the relationship between the resources of a business (assets) and how these resources are funded (equity and or liabilities) – with jacqui kew. english: video transcript: the accounting equation part 1. isixhosa:. The accounting equation (or basic accounting equation) offers us a simple way to understand how these three amounts relate to each other. the accounting equation for a sole proprietorship is: the accounting equation for a corporation is: assets are a company’s resources—things the company owns.
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