The BALANCE SHEET for BEGINNERS (Full Example)
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The 'Balance Sheet', or 'Statement of Financial Position' (SOFP) is one of the three major Financial Statements, along with the Income Statement and the Statement of Cash Flows. In this tutorial, you'll learn what a Balance Sheet is and I'll show you how to build one using a Trial Balance.
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⏱️TIMESTAMPS
00:00 - Intro
00:17 - Balance Sheet Definition
00:33 - What is a Basic Balance Sheet?
01:15 - What is a Detailed Balance Sheet?
02:18 - How to Make a Basic Balance Sheet
05:11 - How to Make a Detailed Balance Sheet
🔗VIDEO LINKS
▪ Income Statement → • The INCOME STATEMENT for BEGINNERS
▪ Balance Sheet → • The BALANCE SHEET for BEGINNERS (Full...
▪ Cash Flow Statement → • The CASH FLOW STATEMENT for BEGINNERS
▪ Book Review → • The Accounting Game - Book Review
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