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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. happen to do.

balance

/ˈbaləns/

noun verb

Instrument for weighing things. To be steady by having equal weight on both sides.

critical

/ˈkridək(ə)l/

adjective

expressing adverse judgement.

scratch

/skraCH/

adjective noun verb

assembled or made from whatever is available, and so unlikely to be of highest quality. Action of rubbing your skin when itchy. 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 become affected by illness or disease.

impression

/imˈpreSHən/

noun

Act of copying someone's speech or behavior.

prepare

/prəˈper/

verb

To make something ready for use.

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 put a message in public for everyone to see.

explain

/ikˈsplān/

verb

make idea or situation clear to someone by describing it in more detail.

understand

/ˌəndərˈstand/

verb

To know the meaning of language, what someone says.

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