For full course, visit: https://academyofaccounts.org Whatsapp : +91-8800215448 In this lecture I have discussed the concept of double entry system in form of 'Accounting Equation'. Students may find that in books it is presented as "Assets = Capital + Liabilities" but I have followed the Indian format of Balance Sheet in which Capital and Liabilities are shown in left side and Assets in the right side. Students can change the sides as "Assets = Capital + Liabilities" if they want to match their answers with books. It will not effect the balances of Assets, Liabilities and Capital. Download Notes: https://drive.google.com/drive/folders/0BzfDYffb228JNW9WdVJyQlQ2eHc?usp=sharing Connect on Facebook : https://www.facebook.com/ca.naresh.aggarwal Connect with Google+: https://plus.google.com/u/0/+CANareshAggarwal