Learn Management Accounting: Part 4 - The Balance Sheet, What is a Balance Sheet, How to Create, etc

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BookkeepingMaster

BookkeepingMaster

Күн бұрын

Пікірлер: 6
@MichaelAdeboye-h4j
@MichaelAdeboye-h4j 4 ай бұрын
A well detailed course/ explanation
@BookkeepingMaster
@BookkeepingMaster 4 ай бұрын
Glad you liked it. Thanks for the comment.
@amitkohli4642
@amitkohli4642 5 ай бұрын
👍
@BookkeepingMaster
@BookkeepingMaster 5 ай бұрын
Thanks for watching
@mariannecanterbury9688
@mariannecanterbury9688 3 ай бұрын
If a business owns property outright and it is listed as a fixed asset, why would the total assets = total equity and liabilities? Is it because the property is classed as equity?
@BookkeepingMaster
@BookkeepingMaster 3 ай бұрын
No, because buying the property would require the bank balance to shrink (the bank is an asset), so you're simply reducing one asset and increasing another, or the money is paid with the owner's investment funds, which are equity. I hope this helps.
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