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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

Being stable; having equal weight on both sides. put something in steady position.

critical

/ˈkridək(ə)l/

adjective

Being important or serious; vital; dangerous.

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. To make a small cut or mark on a surface.

investing

/inˈvest/

verb

To use resources to build for the future.

absolutely

/ˈabsəˌl(y)o͞otlē/

adverb

totally.

getting

/ɡet/

verb

To begin to feel or understand an emotion or idea.

impression

/imˈpreSHən/

noun

idea or feeling.

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 send a soldier somewhere to do a job.

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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