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Accounting Equation l Grade 11 l NEB l Basic concept explained
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This video will provide you information and ways to solve Accounting Equation which is one of the important topic of Class 11.
Assests:- All those tangible and intangible things which helps businesses to generate income. Businesses can get Assets either from Capital invested by owner's or Liabilities.
Capital:- The initial investment made by owner's in the businesses. It is a kind of liabilities for the businesses. It is also known as owner's equity.
Liabilities:- Liabilities are financial obligations or debts that a company owes to external parties. They are future promises made by businesses to its creditors.
This video will provide you information and ways to solve Accounting Equation which is one of the important topic of Class 11.
Assests:- All those tangible and intangible things which helps businesses to generate income. Businesses can get Assets either from Capital invested by owner's or Liabilities.
Capital:- The initial investment made by owner's in the businesses. It is a kind of liabilities for the businesses. It is also known as owner's equity.
Liabilities:- Liabilities are financial obligations or debts that a company owes to external parties. They are future promises made by businesses to its creditors.
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