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Once they know that, should be able to refer to. Computing revenues and expenses" full vide. This video attempts to clarify the impact of debits and credits on expanded accounting equation.
This problem works through the idea that assets = liabilities + owner's equity, using basic transactions related to a new business. This video introduces the first level of expanded accounting equation, also known as balance sheet equation and provides three practice quiz question. Many students in introductory accounting struggle with questions that test their knowledge of the expanded equation.
This is a short video that hopefully will help students remember debits = left and credits right. This video is one of two videos discussing some powerpoint slides on the topic "expanded accounting equation.