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Financial Statement Short Form

Financial Statement Short Form

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Instructions and help about Financial Statement Short Form

hey y'all this is part one of your financial Basics Series where we're going to talk what is the balance sheet the balance sheet is one of your basic Financial reports and this is really a critical thing that you should be looking at every single month and it shows assets liabilities and Equity we're going to talk about each one of those during this series of videos but the balance sheet the really important thing about the balance sheet is that it's taken at a point in time so you'll always see a balance sheet at a certain point in time so right now if you look at this one it is taken as of July 25th 2022 which is kind of weird because it's not the end of the month typically you're on a balance sheet at the end of the month but this is going to show you what all of your assets are at that point in time what your liabilities are at that point of time and what is your Equity at that point in time and they call it a balance sheet be

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