For matrices, $AB=I$ implies $BA=I$. However, in any ring $R$ with unity, does $ab=1$ ensures $ba=1$? I do not think so, but am not sure...
In any ring with unity, does $ab=1$ implies $ba=1$?
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On
What is true is that if $ab = 1$, and there exists some element $c$ with $ca=1$, then $c=b$. (This follows immediately from multiplying both sides of $ca=1$ on the right by $b$).
But there's no guarantee in a general ring that $a$ always has a left inverse, if it has a right inverse, as David Hill shows in his answer. (This is true in a commutative ring, of course, and more generally in a Noetherian ring.)
On
The answer is, in general, no.
Let $\Bbb F$ be any field, and let $\mathcal V$ be the set of sequences of elements of $\Bbb F$; i.e.,
$\mathcal V = \{ (a_1, a_2, a_3, \ldots) \mid a_i \in \Bbb F, \forall i \in \Bbb N \}; \tag 1$
it is easy to see that $\mathcal V$ may be endowed with the structure of a vector space over $\Bbb F$ in the usual way, by defining addition component-wise and, for $\alpha \in \mathcal V$,
$\alpha = (\alpha_1, \alpha_2, \alpha_3, \ldots), \; \alpha_i \in \Bbb F, \; \forall i \in \Bbb N, \tag 2$
setting
$b\alpha = (b\alpha_1, b\alpha_2, b\alpha_3, \ldots), \tag 3$
where $b \in \Bbb F$.
Now the maps $R: \mathcal V \to \mathcal V$, $L:\mathcal V \to \mathcal V$ defined by
$R(\alpha_1, \alpha_2, \alpha_3, \ldots) = (0, \alpha_1, \alpha_2, \alpha_3, \ldots), \tag 4$
$L(\alpha_1, \alpha_2, \alpha_3, \ldots) = (\alpha_2,\alpha_4, \alpha_4, \ldots), \tag 5$
are easily seen to be in $\mathcal L(\mathcal V)$, the ring of linear endomorphisms of $\mathcal V$, and also it is easy to see that
$LR \alpha = \alpha, \tag 6$
for $\alpha \in \mathcal V$, but
$RL\alpha = RL(\alpha_1, \alpha_2, \alpha_3, \ldots) = R(\alpha_2, \alpha_4, \alpha_4, \ldots) = (0, \alpha_2, \alpha_3, \ldots) \ne \alpha \tag 7$
unless $\alpha_1 = 0$, so
$LR = I, \tag{8}$
the identity endomorphism, but
$RL \ne I, \tag{9}$
thus providing a counter-example.
Let me explain the answer in the comments:
Let $V$ be an infinite dimensional vector with basis $\{v_1,v_2,v_3,\ldots\}$, and let $R=\mathrm{End}(V)$ be the set of linear transformations $T:V\to V$. Then $R$ is a ring under pointwise addition and composition of functions.
Now, let $T:V\to V$ be the map $T(v_i)=v_{i+1}$, and $S:V\to V$ be the map $$S(v_i)=\begin{cases}0&\mbox{if }i=1\\v_{i-1}&\mbox{otherwise.}\end{cases}$$ Then $ST=Id_V$, but $TS\neq Id_V$ since $TS(v_1)=0$.