RSPH Blogs - Finances!

Accounting might seem complex at times! Well, honestly so did it to me! But I've somehow managed to understand it! I found this woman on YOUTUBE who is really good at explaining accounting! So I've decided to recommend y'all her videos on accounting! Here are the videos! YouTube :  Leila Gharani. Timr Duration —> Around 3 hours ( All 14 videos). Accounting videos: Creator: Leila Gharani. Credit: Leila Gharani! Video Article! It might seem like a lot but you can easily get concepts of accounting from here! Videos makes it a lot more easier! Thanks to Leila Gharani! & Thanks To Everybody!

What A Balance Sheet Basically Is? A balance sheet basically shows a state of a Company/Business. It is basically a progress report. A Balance Sheet is issued every year or every 6 months depending on the business management, itself. A Balance Sheet is issued in order to record all of the profits & losses, a company have faced/made in the past Business year! Remember, a Balance Sheet always shows the past performance of the Company/Business! Reading A Balance Sheet! There are always 3 main sections of a balance sheet - Assets Liabilities Equity This is how a balance sheet looks like— (image.... Example of Balance Sheet) & by it's labels you might have an idea of what does a specific section really means & does! Anyways so, Assets here refers towards the things the Company/Business owns or uses. Such as— machinery, even the desks, computers, etc. Liabilities are the things the Company/Business owes to others. Like— maybe a business loan that is to be payed back, etc. Equ