🔹 Basic Accounting Principles & The Double-Entry System
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🔹 Basic Accounting Principles & The Double-Entry System
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About this listen
In this episode of Echo Verse AI Originals, we explore the foundation of accounting—the double-entry system. Learn how financial transactions are recorded, summarized, and analyzed to ensure accuracy and transparency. We break down the fundamental accounting equation (Assets = Liabilities + Owner’s Equity) and the rules of debit and credit. Through real-world examples and journal entries, we demonstrate the practical application of accounting principles in business. Whether you're a student, entrepreneur, or finance professional, this episode will strengthen your understanding of financial accountability.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.