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NEW: 500+ Accounting Practice Questions 👉 https://accountingstuff.com/shop/accounting-practice-questions-bundle The 'Balance Sheet', or 'Statement of Financial Position' (SOFP) is one of the three major Financial Statements, along with the Income Statement and the Statement of Cash Flows. In this tutorial, you'll learn what a Balance Sheet is and I'll show you how to build one using a Trial Balance. 🔴 Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel 🔓 Join this channel for full access to the Accounting Quiz Vault ➔ https://www.youtube.com/c/AccountingStuff/join 📚 ACCOUNTING RESOURCES ▪ 500+ Accounting Practice Questions ➔ https://accountingstuff.com/shop/accounting-practice-questions-bundle ▪ Accounting Cheat Sheet Bundle ➔ https://accountingstuff.com/shop/all-in-one-accounting-cheat-sheet-bundle-second-edition ▪ Free Accounting Cheat Sheet ➔ https://accountingstuff.com ▪ Free Invoice Template ➔ https://accountingstuff.com/invoice-template ▪ My Favourite Accounting Book for Beginners* ➔ https://geni.us/5mKR7m 🎬 WATCH NEXT ▪ Income Statement for Beginners ➔ https://youtu.be/0--AvwZabIQ ▪ Cash Flow Statement for Beginners ➔ https://youtu.be/DiVPAjgmnj0 ▪ Accounting Game Book Review ➔ https://youtu.be/oNw4guzrzG4 ▪ Test Yourself with these Accounting Quizzes ➔ https://youtube.com/playlist?list=PL5zKSeS09l30a9lCMK0vlj5j3sR7JhJgU ▪ Full Beginner Accounting Course ➔ https://youtube.com/playlist?list=PL5zKSeS09l319EwVk4-Y8xq0O4Cn18Y4c ☁️ ACCOUNTING SOFTWARE OFFERS ▪ Xero: View the latest offer* ➔ https://geni.us/xeroaccounting ▪ 🇺🇸 QuickBooks Online: View the latest offer* ➔ https://geni.us/quickbooksonlineusa ▪ 🇨🇦 QuickBooks Online: View the latest offer* ➔ https://geni.us/quickbooksonlinecanada 🌎 CONNECT WITH ACCOUNTING STUFF ▪ YouTube ➔ https://www.youtube.com/c/AccountingStuff ▪ TikTok ➔ https://www.tiktok.com/@accounting_stuff ▪ Facebook ➔ https://www.facebook.com/accountingstuff ▪ Instagram ➔ https://www.instagram.com/accountingstuff ▪ LinkedIn ➔ https://www.linkedin.com/in/james-hearle ⏱️ TIMESTAMPS 00:00 - Intro 00:17 - Balance Sheet Definition 00:33 - What is a Basic Balance Sheet? 01:15 - What is a Detailed Balance Sheet? 02:18 - How to Make a Basic Balance Sheet 05:11 - How to Make a Detailed Balance Sheet *I may earn a commission from purchases made through these links, at no additional cost to you. #balancesheet #accounting #accountingstuff

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