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The financial statements

The financial statements: Accounting Foundations: Bookkeeping
The financial statements: Accounting Foundations: Bookkeeping

Transactions must be analyzed and recorded so that financial statements can be prepared. These statements allow users to make decisions with the resulting information. The trial balance contains all your accounts (which is the summary of the results of all your transactions). This video looks at a business' income statement and balance sheet to see how they summarize the events of the business.

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Skill Level Beginner
1h 39m
Duration
75,872
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Skills covered in this course
Business Accounting Business Skills Marketing Finance

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