Balance sheet Format | Accounting Class 11 | Zeeshan Ansari Official

Balance sheet Format in Accounting | Accounting Class 11 | Zeeshan Ansari Official
In this Video i am going to discuss an important statement in accounting which is Balance sheet.The balance sheet is just a more detailed version of the fundamental accounting equation-also known as the balance sheet formula-which includes assets, liabilities, and shareholders’ equity. Balance sheets are typically organized according to the following formula: Owners’ Equity = Assets - Liabilities or Liabilities = Assets - Owners’ Equity
As noted above, you can find information about assets, liabilities, and shareholder equity on a company's balance sheet. The assets should always equal the liabilities and shareholder equity. This means that the balance sheet should always balance, hence the name.
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