• 🔹 Basic Accounting Principles & The Double-Entry System

  • Feb 23 2025
  • Length: 15 mins
  • Podcast

🔹 Basic Accounting Principles & The Double-Entry System

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  • Summary

  • 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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