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How To Do A Balance Sheet

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in this video we're going to go over how

to do a balance sheet and how to format

it correctly and set it up right and

this is another video from accounting

101 org you can visit our website for

more accounting videos tutorials and

explanations like this at accounting 101

org okay so here we have a balance sheet

for scammer corporation and it's on

December 31st 2011 and that's that's one

of the first things that we should point

out about a balance sheet is that a

balance sheet is always a snapshot in

time or in other words at any given

point or on any given day this is our

list of accounts where the business

stands and so that's an important

distinction between the balance sheet or

and the income statement or the cat the

statement of cash flows the statement of

cash flows and the belt or and the