Balance Sheet

Lesson 5 of 5 • 11 upvotes • 10:56mins

Chaitanya Nandrajog

This final portion of the lesson describes about the balance sheet which is very very important as it explains about the financial position of the entity and I have tried to explain basics of balance sheet with its performa and accounting elements with classifying the Assets and liabilities also. This final stage of preparing the balance sheet actually tells about the financial position of the company which it holds at the present scenario so it is very important for you understand the preparation of balance sheet after the preparation of trading and profit and loss account. I hope that you all have got appropriate knowledge from the lessons which I have tried to explain. Thank you All the best!