Here I have explained the Accounting Equation and all the logics behind it with a practical example.
⏱TIMESTAMPS
00:00 - Concept
04:53 - What is an Asset?
05:33 - What is Liability?
06:38 - What is Equity?
08:03 - Meaning of the Equation
10:39 - Expanded Accounting Equation
13:58 - Practical Example
21:15 - Conclusion
Introduction to Accounting - Basics Concepts
https://youtu.be/xWKfKCnQqAE
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