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How The BALANCE SHEET Works (Statement of Financial Position / SOFP)

452,429 views

Accounting Stuff

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (UK)

Speech Time:

99%
  • 12:40 / 12:47

Speech Rate:

  • 194 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

chances

/CHans/

noun other verb

possibility. An opportunity; favorable circumstances, situation. To occur just through luck; happen.

balance

/ˈbaləns/

noun verb

Money remaining after paying costs. To make two or more things equal.

critical

/ˈkridək(ə)l/

adjective

Most important part.

scratch

/skraCH/

adjective noun verb

assembled or made from whatever is available, and so unlikely to be of highest quality. mark or wound made by scratching. score or mark surface of something with sharp or pointed object.

investing

/inˈvest/

verb

put money into something in hope of making profit.

absolutely

/ˈabsəˌl(y)o͞otlē/

adverb

totally.

getting

/ɡet/

verb

To currently have.

impression

/imˈpreSHən/

noun

Act of copying someone's speech or behavior.

prepare

/prəˈper/

verb

make ready for use or consideration.

lending

/ˈlendiNG/

noun verb

action of allowing person use of sum of money under agreement to pay it back later. To let someone borrow something for a while.

posting

/ˈpōstiNG/

noun verb

Job or position within an organization or company. To share a message on an internet discussion group.

explain

/ikˈsplān/

verb

To make clear or easy to understand by describing.

understand

/ˌəndərˈstand/

verb

To know the meaning of language, what someone says.

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