Everyone should have a knowledge of accounting even though it's often perceived as a boring subject. In this episode, I took time to explain the accounting elements and how it relates to your business. It's a bit of mathematics, so you have to write the equation down to understand it better. Terms you'll get familiar with after this episode are assets, liabilities, equity, revenue, profits, expenses, and what they mean and represent. I am sure you'll make some wise business decisions after listening.