https://www.youtube .com/watch?v=_F6a0ddbjtI
🆓Expanded Accounting Equation Cheat Sheet → https://accountingstuff.com/shop đź›’ Get your Accounting Stuff Merch → https://accountingstuff.com/merch In this video I’ll share the key to understanding Financial Statements. You’ll learn the relationship between the Balance Sheet and the Accounting Equation, and where the Income Statement fits into the big picture of Accounting. 🎬LEARN ACCOUNTING BASICS FOR FREE â–Ş The Full Playlist → https://www.youtube.com/playlist?list=PL5zKSeS09l339nB6ujJPQ9Rsv99_b-aTb đź”´Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel ⏱️TIMESTAMPS 00:00 – Intro 00:16 – Financial Statements Definition 00:35 – The Accounting Equation 01:16 – The Balance Sheet 02:16 – What is Equity made up of? 02:29 – Capital Contributions Definition 02:47 – Retained Earnings Definition 03:03 – Profit Definition 03:27 – What are Retained Earnings made up of? 03:50 – The Expanded Accounting Equation 05:08 – The Link between the Balance Sheet and the Income Statement 05:57 – Outro 🔎FAQ â–Ş My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE â–Ş QuickBooks Online USA (FREE TRIAL/DISCOUNT) → http://geni.us/jA9N â–Ş QuickBooks Online Canada (FREE TRIAL/DISCOUNT) → https://geni.us/bNN7 🚶FOLLOW ME ON â–Ş Insta → https://www.instagram.com/accountingstuff â–Ş Twitter → https://twitter.com/AccountantStuff ________________________ DISCLAIMER Some of the links above are affiliate links, where I earn a small commission if you click on the link and purchase an item. You are not obligated to do so, but it does help fund these videos in hopes of bringing value to you! ________________________ #accounting #financialstatements #accountingstuff
Is that Correct all Net Profit transfer at the end of year to Retained earnings in Balancesheet..
What is basically relation of Net Profit and Retained Earnings
Great job in describing the process!
i dont even want to take my accounting class but i have to and i cant process any information that theyre giving me, i have adhd and it doesnt help my issue because its not this hard to concentrate for other things but i cant focus when im trying to absorb this information
đź‘Ť
Wow you are the goat man. Learning so much from you. Keep up the great work
thanks a lot
Thanks so much for your video, it has been helping me all true, but I need more videos on bookkeeping and triabalance
Help! Can you create closing entries from only a balance sheet? There’s the current and non-current assets, current and non-current liabilities and equity.
Just saved me a lot of back and forward studying! thanks man
Investing in crypto currency is the best investment anyone can do This season because it has made a lot of people millionaires. I pray that anyone who reads this will be successful in life
Mr Brydeen Coineach strategies is awesome. He trading last week was boooom!!!
Do you know that Most people remain poor only friends and relatives discouraged and advise them against investing and trading Bitcoin/forex
While the wise ones kept investing and growing higher financially.
Forex trading has left me no choice but to keep investing because it makes so much profit for me
Pumps or dumbs, l still earn around $5000 every week with Expert Mr Brydeen coineach trading strategies.
got midterms in six hours lets see what this does, hope i can come back and say i actually passed
very short, fruitful and easy to understand. thank you so much of your efforts
These videos are seriously helping me. Since my professor loves you and is the one that recommended these videos and does every week, he doesnt mind that I chime in occasionally during his lectures to explain parts myself bc i had learned from these videos. For real love these!!
I love how you explain it and make it super interesting! 👍🏻💗
Amazing!