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Problems - Chapter 1: Welcome to the World of Accounting. The pdf version of the solutions manual also includes links to the video solutions. Problems and Solutions involving an understanding of the fundamental accounting equation and the influence of accounting transactions on the equation in Example Accounting Problems. Problem 1: The Accounting Equation. Question 1: Define the three components of the Accounting Equation. Answer to Question 1: Accounting Problems With Solutions - Free download as PDF File (.pdf), Text File (.txt) or read online for free. Covers the accounting equation, assets, liabilities, equity, financial position. 12 minutes. 2) Accounting Equation Exercises · basic accounting equationUse the information and worksheets to practice the problem. The answers have been provided. Use the following information and complete the instructions below:. This section contain different problems and easy solutions, in order to understand accounting efficiently and effectively