This video from Commerce Specialist is on Accounting Basics. This video explains all the fundamental accounting terms, it also explains the basic accounting equation, the meaning of Assets, Liabilities, Capital, Income/Revenue, Cost and Expenses.
This video also explains the rules of Debit and Credit. How to use the rules of Debit and Credit and their importance.
Numerical Examples are given to show how to calculate Gross Profit and Net Profit and the difference between Gross and Net Profit.
Examples are also given to show how Profit or Loss is adjusted to the accounting equation.

This tutorial/lecture video is very relevant and useful for students of I. Com, B. Com, O Levels, A Levels, CA, ACCA, CMA, CIMA, CIA and CPA as it covers the learning outcomes of their syllabus.
About:
Commerce Specialist is a Certified Management Accountant (CMA) from USA, holds Certification in International Auditing from ACCA-UK, a Bachelors in Accounting, A teaching qualification of B.Ed., an MBA in Finance along with over 20 years’ experience of working in various MNCs in different sectors including Banking, NBFIs, Retail, Oil & Gas, Telecommunication, and top business schools, colleges and universities.
website link: www.comparativeedge.com
Link of my previous videos:
Depreciation Basics: [Methods and Calculations]    • Depreciation | Methods & Calculations...  
IAS 16 Property, Plant & Equipment:    • IAS 16 PPE | Property, Plant & Equipm...  
Inventory Valuation [Systems & Methods]:    • Stock Valuation Systems & Methods | P...  
Break Even Analysis (CVP Analysis)    • Break-Even Analysis | CVP Analysis | ...  
IAS 7 Statement of Cash Flows:    • Statement of Cash Flows | IAS 7 | Ind...  
Accounting for Receivables:    • Accounting for Receivables | Bad Debt...  
Ratio Analysis    • Ratio Analysis | Financial Statement ...  
MBA VS ACCA    • BBA V/S ACCA | MBA V/S ACCA |SECRETS ...  
Capital Budgeting / Investment Appraisal:    • INVESTMENT APPRAISAL | CAPITAL BUDGET...  

Viewers and students can contact me on [email protected] or email me at [email protected] or whatsapp me on +923219213800.

#accountingbasics #basicaccounting #accountingequation