Accounting for Beginners | Part 1 | The Accounting Equation

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I am very happy for the introduction:of the Accounting learning. I was learning three questions 1 why do you need accounting?answer.we need accounting for our records in the business transaction or and two know how much your profit and loss. 2 why account so important? To remain us what is going in the business transaction of assets and liabilities. 3 book keeping is collecting information in the business you start. Another: I was learning Financial Accounting is to allow people to records the information in the business. -three main statement 1 income statement. Is one year period 2 Cash flow stetament: - accounting Equation : In accounting equation:Assets=capital+laibility is know accounting equation. -and the ladger:is accounting of final Entry book where transaction are listed. 2

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I am a state registered nurse that is converting and start to study accounting as a part of my business administration career the first deux week have been really difficult: getting use to this keywords key phrase and to know they meaning when it come to transaction . When I realise I will not go any where with just my course I realised I needed to be resourceful then I stumble on this video and it just simplify my understanding on the accounting Equation and I feel confident to pursue my courses . Thank you so much .I was looking for someone to explain me this stuff into step by step process and I see that your video make it very simple ,understandable and clear . Thanks you 😘

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Just started an Introductory Accounting course. Read through the module on the Accounting Equation and still ended up confused. Found your channel, watched the 5-part Accounting for Beginners videos and had an epic 'Aha' moment almost immediately. Will be subscribing

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Danko, wish you were my lecturer or grade 10 accounting teacher when i did accounting for a year and changed subjects because i was failing accounting ,now that im back at doing accounting for my first year your videos bring more clarity❤

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[@thimoarhaughton827]

Can someone help me am doing an presentation on accounting but I don't know what Concepts of Accounting is, and no matter how many videos I watch I still don't understand

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On 22:50 can you explain why we are reducing stationery in the equity column but we are buying stationery so aren't we adding to the equity of the business?

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