Accounting Equation


Categories of the accounting equation and definitions of each category

Norwalk CPA Share and Enjoy:
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10 Responses to “Accounting Equation”

  1. mattrubin89

    Thank you! Thanks for putting in the time!

    October 6th, 2009 | 1:12 pm
  2. svtuition

    Good tutorial in the deep study of accounting equation Actually basically accounting equation is total assets = liabilities + capital out standing expenses is also liability and revenue will include in liability , so effect of oustanding expense will on liability and capital . Liability will increase and capital will decrease . If we earn money , then capital will increase and in asset side cash which is current asset will increase . Thanks for uploading video

    October 6th, 2009 | 1:44 pm
  3. DavidTheSilencer

    Thanks a lot man I learned a lot through this video I have a mid term exam tomorrow. thanks again!

    October 6th, 2009 | 1:58 pm
  4. AngryAngel69

    Hey, umm wow, I am so grateful to you for making this video, you’ve explained everything so clearly. I will start studying Accountancy on September, hopefully it will not be too stressful.

    October 6th, 2009 | 2:40 pm
  5. moorm2008

    good job

    October 6th, 2009 | 2:40 pm
  6. sereno093088

    what category would [paid creditors on account] i am a bit confuse. i don’t know if it goes to supplies or accounts payable

    October 6th, 2009 | 3:22 pm
  7. WhatsUpWithOurWorld

    how would you pay creditors on account? There’s only accounts receivable or accounts payable

    October 6th, 2009 | 4:14 pm
  8. coolprof1951

    What college do you attend? I’m just curious; I started this project in the summertime and just never had the time to finish it; now I just might be motivated to devote some time to it again. Thanks for your feedback; Aloha! :)

    October 6th, 2009 | 5:07 pm
  9. iheartfannypak

    oh i go to riverside community college…yeah my teacher goes fast…and i kinda didnt get it but your video helped. like when i did that i read chap. 1 and 2 he just finished chap. 5 so im kinda behind lol. back to reading. thanks again.

    October 6th, 2009 | 5:30 pm
  10. WhatsUpWithOurWorld

    The best way to learn accounting if you’re starting is to get the Interactive CD’s offered by Bringham Young University. Just go to 3w. accountingthelanguageofbusines s. DOTcom

    October 6th, 2009 | 6:00 pm

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