Introduction to Balance Sheets

This video introduces balance sheets. A balance sheet statement is an account of the value of assets, liabilities, and net worth of a company. It is always considered during a point in time, such as December 31, 2011. Assets are things that a company owns; whereas liabilities are things that a company owes. Assets minus liabilities results in the net worth of a company.


Source: Khan Academy
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Last modified: Wednesday, October 14, 2020, 5:08 PM