This is the same video as "Part 9 - Accounting Basics" from the QuickBooks Certified User section at the end of this course; but I recommend to watch this video first which will give you some context to understanding the whys behind what we do in QuickBooks.

From QuickBooks 2016 Missing Manual - Chapter 23

Recommended additional resources about Accounting outside this course:

• Baruch College's Guide to Financial Statements
• Khan Academy's Video on Accounting & Financial Statements
• AccountingCoach
• Accounting in 60 minutes - Udemy Course