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The BALANCE SHEET for BEGINNERS (Full Example)

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⏱️TIMESTAMPSbr00:00 - Introbr00:17 - Balance Sheet Definitionbr00:33 - What is a Basic Balance Sheet?br01:15 - What is a Detailed Balance Sheet?br02:18 - How to Make a Basic Balance Sheetbr05:11 - How to Make a Detailed Balance Sheet
Comment from : @AccountingStuff

Can you do a school balance sheet
Comment from : @darylbalane8621

Do you have more videos like this?
Comment from : @JeramieSaito

A best professional video 🌟🌟🌟🌟🌟🌟🌟 ❤❤❤
Comment from : @rehanbaig71

I have an exam tomorrow, I'll update yall if this helps
Comment from : @mongalo52

Thank you, you helped me with school God bless you dude
Comment from : @SalvatoreLama

👍
Comment from : @ShanetteMyrah-j6x

How is this animated
Comment from : @KlimYadrintsev

Thanks so much!
Comment from : @AlbaPlaysPool

just wanted drop a message to say thank you im from a non-business background but now working in finance, working hard on filling in my knowledge gap, your content is amazing - it takes a lot of skills, talent and hard work for someone to be able to explain concepts in such a digestible way, thanks a lot!
Comment from : @Lili_168

I'm actually struggling with how u got your retained earnings , i dont get it
Comment from : @khodjowallabies4976

Love this thanks a ton dude but could you try emphasizing when you say “imbalanced” and “ in balance” it confused me a few times lol
Comment from : @FwD1rtie

I'm taking an accounting course through Wharton University and this short video explained the topics better than the two hours of lectures I had to watch today Fantastic job, Thank you!
Comment from : @ChloeWike-eq8qu

Do accountants understand how much they speak a different language? Because they genuinely will state random terms that don't have any coherencey to the topic and act like its common sense I know for a fact 70 of people don't even understand what an "account" is referring to When discussing a topic like this, I feel it's appropriate to throughly explain the independent topicsbrbrFor instance, could you imagine a mechanic breaking down the workings of a car by stating it has an engine/motor, transmission, fuel source, wheels, driver, and insurance That's completely irrelevant to someone that doesn't even understand the properties of an engine or what it is I've always struggled with accounting because every explanation feels like a gloss over, as if I'm gifted with an empirical knowledge of the topic beforehand Not casting shade on this video, I'm sure it's fine for some and he put effort into it, but it's no different than when I took it in college lol
Comment from : @thomaslee6894

I think you misput the numbers, when you are calculating Liabilities and Equity
Comment from : @AlanBlake-jg4ze

thanks,this helped me alot for my upcoming test
Comment from : @VivianeFotsing

I have spent hours and hours to learn Balance Sheet in a good manner Finally, I found it 🤩 I have learned everything about Balance Sheet in this 🙌🏻 video that I needed 😌 Thank You so Much! 😍
Comment from : @motivationgalaxy20

nice
Comment from : @ameliagammers

So helpful You are awesome ❤
Comment from : @19_98an

How is Cost of Sales included in a balance sheet? Im confused
Comment from : @450jenniferkarkada6

Wow ,this is the best explanation of balance sheet I ever received ,many thanks
Comment from : @reginahtumbo720

Can you do financial statement
Comment from : @KatlegoGirlyTsiane

Blushing😂
Comment from : @lourdesgarcia2969

Still makes no sense to me how it's supposed to balance
Comment from : @ANPennsylvania

Can anyone explain why in terms of last balance sheet the retained earnings is igual to 19,700? How can I calculate it?
Comment from : @Danyerusama

thank you so much for teaching me so much with such short and simple explaination
Comment from : @kiezzie1808

You explained this better than my graduate professor THank you so much
Comment from : @hpnatised3368

1 Balance sheet is helpful for wealth management in businessbr2 Basic balance sheet is fit for straight forward resultsbr3 Detailed balance sheet is fit for analysis
Comment from : @SuccessMindset2180

4:20 can someone explain how is the equity total coming out as 10,050?
Comment from : @MisterRD97

Tkvibq
Comment from : @QueenAlleyahLavesarez

This was excellent 🔥
Comment from : @zakaryahbenayahu4382

how can i make myself start liking accounting? i get distracted so easily? how can I focus?
Comment from : @shaolongchen

Is the total of balance sheet and total net assent balance the same? I need guidanceand im looking details in sage 50 accounts
Comment from : @palakmacwan6908

Please how did you get your retained earnings
Comment from : @idehenElizabeth

Bro is better than my teacher
Comment from : @khemtishnundah8335

Oh dear - I'm 2:01 in and my brain just stopped I really want to learn this stuff but I'm going stick with IN and OUT and find an accountant (used to be married to one) 🤣
Comment from : @healgrowlovecommunity8397

Is this balance sheet same as the Indian accounts book's balance sheet???
Comment from : @MuthuMuthu-bs4qt

why would 'cost of sales' and all other expenses form part of equity?
Comment from : @hibahh6471

Why did I start a business?!! Lol! This was like trying to understand chinese to me All these comments are going on about how great this is, but I can't get my head wrapped around this madness I should've just started a lemonade stand in front of my house haha!
Comment from : @PilgrimShred

This guy is amazing thank you so much
Comment from : @Rose-ol8tu

lovely
Comment from : @salahrita6110

Keep up the good work(especially the videography)!
Comment from : @MohammedShoaibSharif

Balance CHECKER please explain in separate video
Comment from : @HamadKhan-vf4sp

I appreciate so much your video, can you please explain why Prepaid Expenses are located under Assets, since I would consider it as an expense? 🤔Thank you
Comment from : @vizii8111

Why are dividends grouped in the retained earnings section I thought they have to be deducted
Comment from : @ssenkeezisterneberg2331

very helpful, Thank you
Comment from : @taniamadah7498

Thanks For This ,Love From Kenya
Comment from : @nawirirecords4549

The comments are hilarious This is far from difficult Try Finance if you want difficult
Comment from : @AdamAdam-vu3qt

Thank you very much, you are a good teacher
Comment from : @IngabireJustine-e3j

Writing accounting in thr next 1 hr, bruh you helped so much 😊much luv❤🗿
Comment from : @ReeceReddy-n7g

I do think my financial accounting lecturer has to go through this video so that he can learn how to do his work properly
Comment from : @watsonnfar8492

Having trouble understand why assets must equal liabilities or vise versa What happens if these two dont equal out?
Comment from : @GabrielCapo24

What about trading profit and loss accounts 😮😮😮
Comment from : @AmaksNnamani

Good afternoon sir I'm Yan from Malaysia I would like to know how to get the $19,700 for RETAINED EARNINGS? Appreciate your reply, and thank you so much
Comment from : @yuningkua

Great job!!! Clear, concise and engaging Will definitely recommend
Comment from : @theschoolofafricanlanguage6385

Bro I just subscribe to your channel, you're true legend
Comment from : @RydVibes-se3tl

What a shit video
Comment from : @Arsenal2045

we have the same name broooo!!!!
Comment from : @JamesWilliams-fp9ug

Can you teach my professor that this is how you should explain how to do something lol
Comment from : @Ajwct

I still don’t understand how this is helping me run my business The income statement makes perfect sense to me, but I just don’t understand what this is doing
Comment from : @shuffli21

why are the expenses under the RETAINED EARNINGS or "For future use" if we already have expended them!?!?!?!?! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAa
Comment from : @secretnobody6460

CAN SOMEONE EXPLAIN TO ME WHY THE RETAINED EARNINGS BELONGS TO THE "WHAT THE COMPANY OWES"???!! THE COMPANY EARNED THAT SHT
Comment from : @secretnobody6460

thnks
Comment from : @DONSACUEZA

I will be taking Accounting this spring for my MBA here in Canada and your teachings have been absolutely brilliant I am certain to have the best result!!
Comment from : @phowops

Very well explained!
Comment from : @muhammadtauqeer8650

my cash in trial balance was credited so how would I input my credited cash in balance sheet?
Comment from : @pacamanajoem

👌🙌👏
Comment from : @ayasultan1368

Great😮😮😮
Comment from : @sekinahyusuf623

Why is your revenue recorded as credit when it is suppose to be a positive inflow for a company?
Comment from : @mtdabncompany2174

Thx so much
Comment from : @mobolajiadebayo3426

Please never stop make ng vids, humor is great thank you!
Comment from : @edgarwhitney9711

Your teaching methods are so simple and clear You are simply amazing !!!
Comment from : @alexandervalladares2501

Damn, literally explained everything I needed to know about balance sheets in a 7 min video, waaaaay better than my uni lecturer did in 15 hours Engaging, clear and concise!!! 10/10 from me :)
Comment from : @RabbitohsSupporter

I don't really get equity brI can't really identify them please help
Comment from : @marieclariechijioke4235

You’re the type of teacher I aspire to be, keep up the great work
Comment from : @bendoverson3457

@AccountintStuff is it possible for the Assets (Right side) to exceed the Liabilities and Equities (Left side)
Comment from : @MDM1995

Great video
Comment from : @thembaninofficialzw9321

Cash conversion cycle Do you have a video about it?
Comment from : @Japhet-g1s

The Retained Earning?? how do he calculate that??
Comment from : @JKGAMING_jk10

Can anybody tell me when he was adding all those Equity value it is 20,750 but when I did the values I get 123,450?? how somebody explains?
Comment from : @JKGAMING_jk10

literally have a financial accounting exam in a few hours and this was helpful! Thank youuu
Comment from : @satisfyingsauce3051

Excellent video Thank you
Comment from : @odense1

bro how you make that look so easy thank you
Comment from : @pumkinmemer3795

helped me solve a question i was stuck in for days thank you so much :D
Comment from : @ll-owo-ll

gosh glad i found you
Comment from : @whuttefuk9837

is the cash in the balance sheet the cash the investors gave as an initial investment money?
Comment from : @CloresJosephS

Great tutorial! Its very informative and fun at the same time You definitely put a lot of effort in your content to make accounting easy to learn!
Comment from : @accountsbalance

Thank you, great illustration
Comment from : @12Manny

<3!!
Comment from : @mariyea69420

Hi James, love your videos for my students Have you changed the settings so I can no longer imbed your utube clip in my power points?? cheers
Comment from : @JoLamont-f9d