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1 - How Transactions Impact the Accounting Equation

70,700 views

Larry Walther

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

100%
  • 4:45 / 4:45

Speech Rate:

  • 153 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

existing

/iɡˈzistiNG/

adjective verb

Being present, alive. To be present, alive or real.

company

/ˈkəmp(ə)nē/

noun verb

Good feeling from being with someone else. associate with.

disturb

/dəˈstərb/

other verb

To cause someone anxiety or fear. interfere with normal arrangement or functioning of.

activity

/akˈtivədē/

noun

condition in which things happen.

thinking

/ˈTHiNGkiNG/

adjective noun verb

using thought or rational judgement. Thoughts behind an idea, opinion or belief. To have an idea, opinion or belief about something.

liabilities

/ˌlīəˈbilədē/

noun other

state of being legally responsible for something. Some things that are owed to someone else, e.g. debt.

services

/ˈsərvəs/

noun other verb

action of helping or doing work for someone. Maintenance of machineries so it runs well, e.g. cars. To help or do work for someone, e.g. in a store.

identifies

/īˈden(t)əˌfī/

verb

establish identity of.

accounting
noun

An activity to prepare and keep financial records.

receivable

/rəˈsēvəb(ə)l/

adjective noun

able to be received. amounts owed to business, regarded as assets.

transactions

/tranˈzakSH(ə)n/

noun other

instance of buying or selling something. An exchange in business usually involving money.

balance

/ˈbaləns/

noun verb

Being stable; having equal weight on both sides. put something in steady position.

business

/ˈbiznəs/

noun

Activity of working to make a profit.

customer

/ˈkəstəmər/

noun

Someone who buys goods or services from a business.

fundamental

/ˌfəndəˈmen(t)əl/

adjective noun

forming base or core. (Music) the lowest note in a harmony.

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