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
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Last modified: Thursday, September 16, 2021, 3:54 PM