Understanding the Accounting Equation Part 1 | Fundamental Principles of Accounting

Описание: Subject: Understanding the Accounting Equation | Fundamental Principles of Accounting
Welcome to this comprehensive lecture on the Accounting Equation, the foundation of the double-entry bookkeeping system. In this video, we simplify the core relationship between Assets, Liabilities, and Equity, which is essential for every commerce student and aspiring accountant.
In this video, you will learn:
The definition and significance of the Accounting Equation (Assets = Liabilities + Equity).
How every business transaction affects the balance sheet.
The breakdown of Assets, Liabilities, and Owner's Capital.
Step-by-step practical examples to solve accounting problems.
This session is specifically designed for Class 11th, B.Com, M.Com, MBA, and candidates preparing for professional exams like CA/CS/CMA.
About the Instructor:
Dr. Vikas Kumar
Assistant Professor, Department of Commerce
Govt. P.G. College, Obra, Sonbhadra
Video Timeline (Chapters):
0:00 – Introduction to Accounting Basics
2:15 – The Fundamental Accounting Equation
5:45 – Deep Dive: Assets, Liabilities, and Equity
12:30 – Impact of Transactions (Practical Examples)
20:00 – Summary & Key Takeaways
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Queries: Feel free to drop your questions in the comments section below. I will personally address them.
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