Statement of Financial Position (Balance Sheet) | Company

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In this lesson, we go through a thorough example of preparing a Statement of Financial Position (Balance Sheet) for a company. We look at how to record accounts like accumulated depreciation, current portion and non-current portion of fixed deposits, income receivable, current portion and non-current portion of long-term loan, share capital, share premium, and how to solve for missing figures using the current ratio and Net Asset Value. We also explain the difference between Authorised Shares and Issued Shares and how to balance the Statement of Financial Position.

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Oooh Mehn, that was an awesome example of a financial statement position. But unfortunately for me I don't have the $10, thanks though 🙏🙏

naftalykarema
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do you do online tutoring? I need urgent assistance with my assignment..

Viwe