https://www.youtube .com/watch?v=CMv1zlZhb4Q
💥Balance Sheet Cheat Sheet → https://accountingstuff.com/shopThe ‘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.🔴Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel⏱️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 → https://youtu.be/0–AvwZabIQ ▪ Balance Sheet → https://youtu.be/CMv1zlZhb4Q ▪ Cash Flow Statement → https://youtu.be/DiVPAjgmnj0 ▪ Book Review → https://youtu.be/oNw4guzrzG4🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m🚶FOLLOW ME ON ▪ Insta → https://www.instagram.com/accountingstuff ▪ Twitter → https://twitter.com/AccountantStuff🎬LEARN ACCOUNTING BASICS FOR FREE ▪ The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb ________________________ DISCLAIMERSome of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________#accounting #accountingstuff
⏱️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
seriously, you are my new favorite channel on youtube. can’t thank you enough for all the time and effort you put into this channel!
you just saved my life
I love your videos! I bought your balance sheet & income statement cheat sheet. Is it possible to use your cheat sheet as an example in a presentation I am giving on bookkeeping? I would not be distributing it & will give you credit. I just wanted to put in my slideshow.
James I would love if you will mentor me please. Let me know what you think, you are the best regardless
Confused
Great Video. Very thorough & helpful
How are all these expenses under equity (retained earnings)? Shouldn’t they be under liabilities? And is depreciation also not a liability?
Much better than my business professor lmao
ong
Please make video on Provision and Reserve with Journal Entries and Adjustment Entries…
Dude you just f*cking saved me
i hate maths but i studied accounting and this one got me, thank you
I still don’t understand and I really need to because I’m doing it in college
5:52 How can money I spend on electricity be a retained earning for future use? The money is gone.
I really understand how to make a balance sheet.Thanks
can someone explaiin me why the costs go in equity? it’s not just the owes to owners?
Thank you so much