NEB Grade XI - Accounting Equation - Lesson 2 | Accounting Equation for Sales of Goods or Assets

Efficient Classes - NEB Grade XI Accounting Online Classes
Instructor: CA Rit Shrestha
Chapter: Accounting Equation
Examination Board: National Examination Board of Nepal
Exam Year: Year 2079/80
Accounting Equation - Lesson 2
Grade 11 - Principles of Accounting

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In this YouTube video, we will be covering the basics of the accounting equation, which is a fundamental concept in principles of accounting. The accounting equation states that a company's assets must equal the total of its liabilities and equity. This means that everything a company owns (its assets) must be financed either through borrowing money (liabilities) or through investments made by the owners (equity).

We will be discussing how to use the accounting equation to understand the financial position of a company. We will also be looking at some examples of how to calculate the accounting equation for transactions related to Sales of Goods or Assets on Cash, Credit and with partial payments. Accounting Equation for sales return.

Whether you are a student taking Class 11 accounting or a business owner looking to brush up on your accounting skills, this video will provide a comprehensive overview of the accounting equation and its importance in financial accounting.