In part 1 of the accounting lesson for beginners, we explain what the accounting equation is and why it is important to understand the accounting equation. We explain assets, equity, and liabilities. We also give examples of assets, equity, and liabilities. We go through a complete example of doing the accounting equation.

Accounting for Beginners | Part 2 | Debits and Credits | Journal Entries:    • Accounting for Beginners | Part 2 | D...  

Accounting for Beginners | Part 3 | General Ledger (T-Accounts):    • Accounting for Beginners | Part 3 | G...  

Accounting for Beginners | Part 4 | Accruals & Prepayments:    • Accounting for Beginners | Part 4 | A...  

Accounting for Beginners | Part 5 | Trial Balance:    • Accounting for Beginners | Part 5 | T...  

Accounting Equation | with Debits and Credits | Explained with Examples:    • Accounting Equation | with Debits and...  

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