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