Basic Accounting Terms | Assets, Liabilities, Capital, Income & Expenses | Accountify – Episode 2

Basic Accounting Terms Explained Simply | Assets, Liabilities, Capital, Income & Expenses | Accountify – Episode 2

Understanding accounting starts with understanding the language of accounting.

In this episode of Accountify – Core Basics, we explain the five fundamental accounting terms that every student, business owner, and aspiring accountant should know:

✅ Assets
✅ Liabilities
✅ Capital
✅ Income
✅ Expenses

Using a simple coffee shop example, you'll learn what these terms mean, how they relate to a business, and why they are important in accounting.

Whether you are completely new to accounting or looking to strengthen your foundation, this episode will help you understand these concepts in a clear and practical way.

Видео Basic Accounting Terms | Assets, Liabilities, Capital, Income & Expenses | Accountify – Episode 2 канала Accountify