Survival Notes- Chapter 1

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Introduction to Accounting


This chapter breaks down the basics of accounting in plain English. You’ll learn what accounting really is, why it matters, and how it’s used in everyday business decisions. I’ll walk you through key terms (like assets, liabilities, and equity) and give you the foundation you need before diving into journal entries or financial statements. By the end, you’ll have a solid grasp of the “language of business” and feel ready to tackle the rest of the course.

Introduction to Accounting


This chapter breaks down the basics of accounting in plain English. You’ll learn what accounting really is, why it matters, and how it’s used in everyday business decisions. I’ll walk you through key terms (like assets, liabilities, and equity) and give you the foundation you need before diving into journal entries or financial statements. By the end, you’ll have a solid grasp of the “language of business” and feel ready to tackle the rest of the course.