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0 Views • Dec 30, 2024 • Click to toggle off description
Welcome to Commerce Shruti! In this video, we will learn about the Accounting Equation, a fundamental principle that explains the relationship between a business's assets, liabilities, and capital.
The accounting equation is represented as:
Assets = Liabilities + Capital
It shows how every transaction affects these three elements while maintaining the balance of the equation. This concept serves as the foundation for recording financial transactions and preparing financial statements.
We’ll cover:
What is the accounting equation?
Its importance in accounting.
How transactions affect the equation.
By the end of this video, you will clearly understand how the accounting equation works and why it is essential for accurate bookkeeping. Perfect for Class 11 commerce students and beginners in accounting!
#AccountingEquation
#Class11Accounting
#CommerceShruti
#BasicsOfAccounting
#LearnAccounting
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RYD date created : 2025-02-10T18:43:12.0946195Z
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