ACCT 201 at Towson University

1. The Accounting Equation

in Topic 1 (Video 1 of 8)
The most fundamental part of accounting is the Accounting Equation: A = L + OE. We'll go over what it is, why it matters, and even touch a little bit on Double Entry Accounting.

This Video Mentioned Some Formulas

Assets = Liabilities + Shareholder's Equity (Or Owner's Equity)

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