Balance Sheet Explained with Examples | Accounting How To

Balance Sheet Explained with Examples | Accounting How To is an accounting tutorial explaining the balance sheet using examples from basic to more complex, and how balance sheets are used in business. It shows examples of service, merchandise, and manufacturing business balance sheets, and introduces classified balance sheets and comparative balance sheets. This is an accounting tutorial for accounting students, business owners, and bookkeepers to explain accounting basics for beginners. Featuring Terrance the T-Account Rex and accounting educator, Caroline Grimm, this accounting tutorial is part the playlist series: How to Pass Accounting Class and Accounting Basics for Business Owners. ⏰ Accounting How To Time Stamps: 00:00 Introduction to the Balance Sheet 00:42 Example of a simple cash basis balance sheet 04:00 Accrual basis balance sheet 04:47 Merchandising Business balance sheet 05:25 Manufacturing Business balance sheet 06:07 Classified balance sheet Example 09:50 Comparative balance sheet Example Link to Accounting Equation Demystified video: https://youtu.be/hsx0VHi_lzk Link to Cash Basis vs Accrual Basis video: https://youtu.be/-xPWl5OfknU