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  The Financial Accounting Equation

WHAT YOU WILL LEARN:

We'll discuss the accounting equation and the logic behind why all transactions must make use of it. To guide students, I will post a few rules that you'll need to follow, and will demonstrate a couple of examples to reinforce the concept.

HOW IT WILL APPLY LATER ON:

The accounting equation is simply one of the most important concepts in financial accounting. Every transaction will need to be entered correctly in order to have reliable financial information.

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