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Introducing the Accounting Identity

Introducing the Accounting Identity

In this video we introduce the Accounting Identity. The accounting identity is a key criterion and underpinning to the accounting logic. It helps signposting and checking whether we are on the right way or we are going off track. In addition, we use the accounting identity in conjunction with some of the concepts we have gained familiarity with (e.g. investments/assets/revenues/liabilities/equity).

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Introduction to Financial Accounting

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