Khan Academy's "Finance: Introduction to Balance Sheets"
This video introduces balance sheets. A balance sheet statement is an account of the value of assets, liabilities, and net worth of a company. It is always considered during a point in time, such as December 31, 2011. Assets are things that a company owns; whereas liabilities are things that a company owes. Assets minus liabilities results in the net worth of a company.
Last modified: Monday, 11 April 2016, 9:54 PM