The BALANCE SHEET for BEGINNERS (Full Example)

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

17 thoughts on “The BALANCE SHEET for BEGINNERS (Full Example)

  1. ⏱️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

    1. 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!

  2. 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.

  3. How are all these expenses under equity (retained earnings)? Shouldn’t they be under liabilities? And is depreciation also not a liability?

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