Fifth in series of 17 videos describing the essential ideas typically covered in early weeks of a university-level accounting principles course. This is an important video because it explains a major idea that is not typically well covered in most accounting courses! It discusses the relationship among the beginning and ending balances of, additions to, and deductions from, any element on a balance sheet.

Related posts:

  1. Accounting 101 Part 04 Revenue Expense Net Income
  2. Accounting 101 Part 03 Assets Liabilities Equity
  3. Accounting 101 Part 09 Trial Balance Temporary Accounts
  4. Accounting 101 Part 08 Journal Ledger
  5. Accounting 101 Part 07 The Map For Debits Credits