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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. The possibilities that something will happen. To take a risk to try something.

balance

/ˈbaləns/

noun verb

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

critical

/ˈkridək(ə)l/

adjective

Making a negative judgment of something.

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 rub your skin with your nails to stop an itch.

investing

/inˈvest/

verb

To use resources to build for the future.

absolutely

/ˈabsəˌl(y)o͞otlē/

adverb

totally.

getting

/ɡet/

verb

To go somewhere to obtain something.

impression

/imˈpreSHən/

noun

Act of pressing into a material to make a pattern.

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 send a letter or package using stamps.

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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