Accounting Lesson 2 | Presents transactions and events of a business through an accounting equation - Detailed Note & Questions

The second lesson of accounting, "Presents transactions and events of a business through an accounting equation" covers;

• Accounting equation and construction of the accounting equation. 
• Elements of the accounting equation (Assets, Liabilites & Equity). 
• Situations of changes in equity and factors that influance equity. 
• Calculating profits using Net Assets. 

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Prepared by- Mrs. Kumuduni Fernando 

                      B.sc.(Mgt)sp.USJP 

                      ICASL LII 

                      Post Graduate Diploma in Education 

                      Paper marking teacher