Financial Statements: Balance Sheet

Learn how to complete a basic balance sheet.

[@MessmanML]

Thank you! I am a visual learner and I feel like I hit the jackpot with your videos. Please make more. :)

[@accountinghelp]

I am so happy to hear that, Misty! Keep up the hard work!

[@MYTHOMINHTRAN]

One does not need to have knowledge, but courage to start learning accounting with this channel!

[@angelastewart-rodney8402]

Good teaching. I love it. Thank you so much.

[@witcherschoolofthefox5941]

This was exactly what I was looking for! Thankyou!

[@jackievaldez4780]

omg you are such a life saver. This was confusing me so bad and now I think I really get it

[@accountinghelp]

Yay! That's so great to hear! Keep up the hard work.

[@VannyPinkLopez]

Thank you, Ma'am😊

[@valt889]

Thank you for this video you've helped me so much! Subscribed :)

[@itachidm7675]

Love your videos, nice and simple.

[@ParisianStreets]

Could you give us a list for practise to recognize the classification of accounts? Unearned Fees is a liability, these kind of more in depth and tricky ones esp. Thanks!

[@tyresejaheimtaylor9717]

should have done the statement cash flow lol but this helped i thought i was a goner before i watched your tuturial

[@esthergto5285]

She explain great!

[@empressquamina6847]

Please can you do one for a new business?

[@altheapetallar]

Hi, i just want to ask how did you get the additional contribution? In owners equity, I hope you see my comment😢

[@accountinghelp]

Hello! This is an ongoing problem, so the contribution was discussed in a prior video. :) if this was a lone problem, they would have to provide you with the beginning balance or the contribution. For example, if the owner's capital balance is $5,000, and they say the beginning balance was $3,000, then we know we continued $2,000 during the period.

[@jared442]

Is retained earnings not a necessary component of the income statement? I am starting a small business with two other people. Could I just separate our owners equity on the balance sheet and not have a retained earnings section like you do here?

[@accountinghelp]

Retained earnings is a capital account, so it would not appear on the income statement. If your company is a partnership, each partner would get his/her own [name], capital account. If the business is a corporation, then you use retained earnings.

[@kainaatmakhani6550]

good job

[@MesiGezu-g9e]

Thanks

[@edwardlewis1963]

why are you adding assets to liabilities?

[@accountinghelp]

We are not. Liabilities are added to capital.

[@danielhama4558]

How do i get KZbin to show me these videos in their chronological order?

[@hassanshah8597]

Thank you so much

[@TheMorgalion]

Hi TLC Tutoring, where am I going to input Equipment Expenses and its Depreciation?

[@accountinghelp]

Those would go on an income statement--not a balance sheet. :)

[@TheMorgalion]

TLC Tutoring Thank you

[@WorldNewsIsHere]

put classified balance sheet please.

[@brendatrevino4320]

What are the orders of the videos, I’m lost

[@accountinghelp]

Please see the accounting cycle playlist.

[@umarhayat-ek1cj]

Please solve my paper which I have ...... #email #WhatsApp. .....please