Khan Academy: "Finance: 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.

Last modified: Wednesday, October 9, 2019, 2:29 PM