The accounting environment and the accounting equation: N(A)-Level Principles of Accounts (SEAB 7086), covering the purpose and users of accounting, forms of business and the sole trader, classifying assets, liabilities and owner's equity, and the accounting equation

An N(A)-Level Principles of Accounts (SEAB 7086) overview of the accounting environment and the accounting equation: why businesses keep accounts and who uses them, what a sole trader is, how to classify assets, liabilities and owner's equity, and how the dual effect keeps Assets equal to Liabilities plus Owner's Equity.