What is the ACCOUNTING EQUATION?

Wondering what the accounting equation is? This video has the answer. In under 60 seconds we'll derive the accounting equation from scratch. It all comes down to one simple concept: The Stuff that a Business Owns is equal to the Stuff that a Business Owes.

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#Shorts #accountingstuff

[AccountingStuff]

What other topics would you like me to cover?

I've also written an article on the Accounting Equation. You can find it on my website:

[chillkid]

Yep:)
Wish he makes a video on consolidating financial statements with ias and ifrs standards lol

[katrinapoon]

Your videos helped me alot throughout my Accounting course.

[lisagreenwood]

Equity is owed to owners! I don't know how long I've struggled to really grasp that??? Thanks for making that click for me

[YaBoyEmoy]

This is the best explanation I found
Thanks so much for teaching me this cause Principle of Accounts is the only Subject I don't understand 😓

[samanthataylor]

Thanks for you videos, it's helped me massively with my BA3 Cima!!

[sachinthambyrajah]

you videos help me so much !! thank you

[katrinapoon]

Can you make videos on income tax preparation on how to calculate CCA and UCC for?

[VIKasKUMAR-fqoe]

Nice love you bro you presents very.

Love you spreading knowledge in simplest way, its a great service.

[rainiel_raze]

Equation: A=L+OE (not the plant)

Assets = A
Liabilities = L
Owner’s Equity = OE

[satyampandey]

Sir please mko videos on Cost And Management Accounting

[iywrvek]

thanks, I'm starting at accounting course

[jayleggett]

I am currently taking managerial accounting. I am stuck on how to calculate the variable admin expense. Do you have a video, point me in the right direction, or make a video it would be greatly appreciated.

[sorenwalker]

thank you for explaining this better than my prof that I'm funding the paycheque of :*)

[devshukla.]

Can you make a separate video on GAAP / IFRS full course

[ganeshgadekar]

Please explain Reserve and Provision in simple..

[soundmind]

What if a business owes nothing? Cuz if you owe something to someone your in debt to someone. So what if I don’t owe anything to anyone?

[inglese]

So this is a means to calculate a “fair” share price?