Accounting Concepts and Principles: Accounting Basics and Fundamentals

Accounting Equation | Explained with Examples | Accounting Basics

Basic Accounting Principles | Accounting Concepts and Conventions | Accounting for Managers

Liabilities Quiz 2 Let's see how well you know Liabilities in Accounting. Try to answer these five questions. 1. A business’s Liabilities are listed on its Balance Sheet. True or False? 2. Liabilities are financial obligations owed to a business's shareholders. True or False? 3. Accounts Payable is an example of a Current Liability. True or False? 4. Salaries Payable are usually classified as Non-Current Liabilities. True or False? 5. An Accrued Expense is not an Expense, it's a type of Liabilit

Equity Quiz 2 Can you answer these five true or false questions on Equity? 1. A business's Equity is shown on its Cash Flow Statement. True or False? 2. Equity is calculated by subtracting Assets from Liabilities. True or False? 3. A business's Net Profit or Loss flows through Retained Earnings into Total Equity. True or False? 4. Capital Contributions are a component of Equity. True or False? 5. Dividends Payable is a Contra-Equity account. True or False? Let me know your score in the comments.

Debits & Credits: a 2 Minute Tutorial In this video, I'll attempt to explain Debits & Credits in less than two minutes. You'll also learn my number one Accounting Hack... DEALER. Debits and Credits are words that we use to reflect the double-sided nature of financial transactions. If you're new to Accounting, these words can seem a little counterintuitive. But listen here... They aren't good, they aren't bad... they're actually quite simple, and they have everything to do with