Accounting Equation Demystified | Basic Accounting Equation Explained | Accounting How To

Accounting Equation Demystified | Accounting How To is an accounting tutorial explaining the basic accounting equation. It answers the question "what is the accounting equation", explains assets, liabilities and equity (owner's equity and stockholder's equity), and provides examples of the accounting equation and the balance sheet making it easy to understand the accounting equation for beginners. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part of a playlist series called How to Pass Accounting Class. ⏰ Accounting How To Time Stamps 00:00 Introduction 00:54 Accounting Equation Intro 02:15 Assets, Liabilities, and Equity Explained 02:23 Assets Explained 03:30 Liabilities and Equity Explained 03:54 Liabilities Explained 04:14 Owner’s Equity / Stockholder’s Equity Explained 05:07 Assets – Liabilities = Equity 05:36 Liability Accounts 06:58 Equity Accounts 07:07 Expanded Accounting Equation 08:20 Retained Earnings Explained 09:38 How Transactions Impact the Accounting Equation 🎥 How to Pass Accounting Class Playlist https://www.youtube.com/playlist?list=PLPDomDzptO13nZXwb5-MfyN2POIrUUFyY 🎥 Basic Accounting for Business Owners Playlist https://www.youtube.com/playlist?list=PLPDomDzptO121toEKoHxiuGp-pwSIF3Uq 🎥 Understanding Financial Statements Playlist https://www.youtube.com/playlist?list=PLPDomDzptO11X5i5imsJ977VIW3ZK8TrT 🔥 Smoking Hot Deal! Use this link https://quickbooks.grsm.io/accounting-how-to to access special pricing for new QuickBooks customers. Accounting How To receives a small commission if you sign up through this link. That helps keep this channel going and makes sure Terrance gets enough snacks so he doesn’t get hangry. Nobody likes a hangry T-Rex. 👹 📚 Get Caroline’s books on Amazon: Strength in Numbers: Fast and Easy Accounting Basics for Business Owners https://www.amazon.com/gp/product/B09NWX3M7M Solving the Cash Flow Puzzle: Practical Solutions for Common Financial Problems in Your Business https://www.amazon.com/gp/product/B09NYPQ7FM 🔗 Associated Links YouTube: https://www.youtube.com/channel/UCQP36yTWyjZ4wE_YvW6II4A Website: https://accountinghowto.com/ Facebook: https://www.facebook.com/accountinghowtovideos LinkedIn: https://www.linkedin.com/in/caroline-d-grimm-b0760a66/ Caroline’s Historical and Contemporary Fiction site: https://talesofoldnewengland.com/ and http://magicofacadia.com/. Caroline’s Amazon Author Pages: Fiction books: https://www.amazon.com/Caroline-D-Grimm/e/B00DQVZDNO Business books: https://www.amazon.com/Caroline-Grimm/e/B004HMN0ZY #accountinghowto #accounting #accountingbasics