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What Are Liabilities? (SIMPLE Explanation)
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Accounting Basics for Beginners
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- 1 ACCOUNTING BASICS: a Guide to (Almost) Everything
- 2 The ACCOUNTING EQUATION For BEGINNERS
- 3 ACCOUNTING BASICS: Debits and Credits Explained
- 4 T Accounts Explained SIMPLY (With 5 Examples)
- 5 How JOURNAL ENTRIES Work (in Accounting)
- 6 The TRIAL BALANCE Explained (Full Example!)
- 7 GENERAL LEDGER: Visual Guide to Posting Journals
- 8 DEALER: The Number 1 HACK for Debits & Credits
- 9 5 Debit and Credit Practice Questions & Solutions
- 10 What are Assets? (Let's Break Them Down)
- 11 What Are Liabilities? (SIMPLE Explanation)
- 12 What Does Equity ACTUALLY Mean?
- 13 TRIAL BALANCE vs BALANCE SHEET
- 14 The KEY to Understanding Financial Statements
- 15 How The BALANCE SHEET Works (Statement of Financial Position / SOFP)
- 16 The BALANCE SHEET for BEGINNERS (Full Example)
- 17 The INCOME STATEMENT Explained (Profit & Loss / P&L)
- 18 The INCOME STATEMENT for BEGINNERS
- 19 Cash Accounting: How it Works & Should You Use It?
- 20 Accrual Accounting: How it Works & Why it's #1!
- 21 Revenue Recognition Principle in TWO MINUTES!
- 22 FINANCIAL vs MANAGERIAL Accounting
- 23 Invoices: What You NEED TO KNOW
- 24 Why Debits and Credits AREN'T Backwards
- 25 3 Unexpected Benefits Of Learning Accounting
- 26 Intro to Cash Flow Statements | Direct Method
- 27 Prepare A Cash Flow Statement | Direct Method
- 28 Prepare A Cash Flow Statement | Indirect Method
- 29 The CASH FLOW STATEMENT for BEGINNERS
- 30 How To Do A Bank Reconciliation (EASY WAY)
- 31 Prepayments and Accruals | Adjusting Entries
- 32 How Prepaid Expenses Work | Adjusting Entries
- 33 Deferred Revenue Explained | Adjusting Entries
- 34 Accrued Expenses Broken Down | Adjusting Entries
- 35 Accrued Revenue MADE EASY | Adjusting Entries
- 36 INVENTORY & COST OF GOODS SOLD
- 37 Inventory Systems: Perpetual vs Periodic
- 38 First In First Out (FIFO) | Inventory Cost Flows
- 39 Last In First Out (LIFO) | Inventory Cost Flows
- 40 Average Cost Method (AVCO) | Inventory Cost Flows
- 41 DEPRECIATION BASICS! With Journal Entries
- 42 STRAIGHT LINE Method of Depreciation in 3 Steps!
- 43 DOUBLE DECLINING BALANCE Method of Depreciation
- 44 SUM OF THE YEAR'S DIGITS Method of Depreciation
- 45 UNITS OF PRODUCTION Method of Depreciation
- 46 CLOSING ENTRIES: Everything You Need To Know
