It's important to understand the accounting equation for both personal and corporate finance as it gives a good summary of the current state of your financial situation.

00:00 Intro

00:14 Double Entry System

00:40 Equation

01:14 Example 1

01:40 Example 2

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DISCLAIMER: Do your own research. We are not licensed, financial advisors. There is no legal advice or financial advice in these videos. This video, the topics discussed, and the ideas presented are our opinions and are presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.