Balance Sheet, Accounting Equation

  • 3.8

Brief Introduction

An overview of the balance sheet, the accounting equation and its components

Description

Financial statements report the state of financial affairs of an enterprise. They Provide information to owners and creditors about the firm’s current status and past financial performance.  There are three key statements: Income statement, statement of the cash flow and balance sheet. In this course, we will provide an overview of the financial statements and explain in details the balance sheet statement.

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