Introduction to Balance Sheets

[azhanr]

This is very well explained. Thank you.

[adamaqmal]

omg that easy.

[johnnytoogood007]

I guess if you say assets = liabilities, what you are saying is,

What you own, that's how much you owe.

[oldiraqisback]

Why aren't you teaching at my school????? :(

great stuff Mr. Khan. Thank you very much.

God bless you.

[lgndarymeth]

Lol I used this is gcse, now in pre uni still needed this again lol

[MuscleSculptor]

excellent stuff, Khan. Really broken down to simple and understandable language and pictures...for basics of credit management and accounting (with stuff like housing purchases etc). I have a degree in accounting...and I know that this stuff here is on mark...to get a general idea of the concepts. Anyway, keep up the good work...

[kvn89]

ah finally taking another class where khan comes to the rescue

[TuNuevoNegocio]

is it the same if I change the formula to Equity = Assets - Liabilities?

[kvn89]

@TuNuevoNegocio yes, it remains true

[bwngare]

Yeah, hiring a stripper has no economic value. Something else though.

[2004tamp]

I earned a Sun badge

[zufrieden23]

Great tutorial! simple, easy, and correct!

[bfizzledizzle]

Have someone dance for you?

ಠ_ಠ

[NYQQE]

I Love You ! :D you are very smart, good in explaining and funny

[STFENNEMA]

I was thinking about using this for my accounting class because it's such a nice, practical example. Until you put the liabilities on the left - that will just confuse them!

[rimx100]

u dun teach it in business point of view.

wat bout the current n non current assets?

[MsxMisunderstood]

Aw.. you didn't use the Debit - Credit stuff with the Accounting Equation..

[paulceltics]

haha

[TimmacTR]

''...you can make someone dance for you...''

I get your point, but the example you gave is a little disturbing..:)

[CaeserOct]

Dude, my eyes would not gloss over if you were at my parties...but I would probably bug you to explain a bunch of stuff to me.

[parklinkin52]

Khan for president.

seriously.

[AntiNasriSemitiC]

liar

[LiveReligiously]

i felt like i had to pause the video and say that salman khan is a fucking awesome man.

[tutto920i]

managerial income statement pleez this woud be so help full

[HuiChyr]

Someone dance for you??? Hahaha ... that's funny.

[Dannygarcia117]

GOOD VIDEO LIKE .PLEASE CHECK THIS NEW BAND IN YOUTUBE dream kingdom

[RaNeMoO]

Thank you so much (:

God bless u 

[maddecent08]

thank u so much for this!!!!

[rezapeace]

you forgot to calculate the yearly 10% interests in liability.

[shreeishan]

@rezapeace thats a expence which goes in income statement

[TotalTimeout]

Thanks, this was quite helpful :)

[eurostar699]

this is wonderful thank u

[lilaminakari]

WHEN I GROW UP I WILL BE LIKE YOU !!!

[Jamiezilla07]

it's a nice house

[livadi23]

Great videos man thanks!

[exposetube]

Youtube should have some sort of PRO account for folks like SAL so that they could post videos without the 10 minutes limitation.

Thank you very much Sal for all the effort you put into these tutorials. You've got a really simple and easy style of explaining stuff and your voice is also nice.

[SteroidsR4success]

Sal, you open up many minds of the younger generation with your intuitive teaching style. I only watched 4 videos in this playlist and man, I learned more than I did in those 4 videos than I did in both of my Business classes all year. I'm sorry but I'm just going to have to watch this entire playlist as well.

[SDM3716]

This is better than studying an accountancy book, sal you amde me understand this waybetter - (visual) thank you!!

[ngzhihang]

very nice..thanx.

[TaTyTu777]

thankssss !!

[offshorebaker]

This guy is a legend, he helped me pass my GMAT! Nice intro on accounting BTW.

[Moi8Q]

thank u sooooo mcuh for this amazing effort !

it was really useful !!!

thanks again :D

[BasemanB]

thank you video is very useful.

[69elpresidente]

Khanacademy can you make a video on statement cash flow

[Pepelectro]

Thank for your explanation. I get the point

[EngrishTeacherRyan]

"I don't owe anyone anything....that to me is the definition of freedom" ahahhahahah...nice one!

[slapcigar]

Nice nice indeed ! You should teach.

[nazirdjon]

i loved your describtion of the bank.. the vids are very informative too

[Ollie3496]

lol get it, nice.

[filcox]

Subscribed...nice job

[praneix2]

i'm yet to watch this as the video is just loading. but thanks a lot for the Present value lectures. it really was an eye-opener for a non-finance person like me. u rock! :)

[kinw1234]

can anyone help me?

from what im aware banks took assets off balance sheets to avoid having to hold capital.

for that to happen, it needs to be a true sale rite?

does this not mean it no longer belongs to the bank? how come it comes back onto their balance sheet and gets written down??

[chubbychilli]

kinw1234 - Did you ever get an answer to this? CC

[Creamyguitar1956]

Funny, the bank is made of granite and will be there forever....boy, have things changed since this was made..

[buredtx]

thanks sir for video. I like to dance for you for delivering this video...........

[SocrTrump]

8:09

I'm a hundred-thousandaire! lol

[hiitssoumya]

A=L+E was never so easy..genius man

[MibuClan]

Genius man, geius...

[DrZoiberg89]

make someone dance for you?! u mean like at a strip club? lol

[sabu083]

hi you made balance sheet look very simple..cant get simpler than what you have explained.thanks a lot for making me understand basic concept of balance sheet.

[kittykattykoo]

Thanks Sal! You were funny too in this episode. hehehe

[mern0302]

For everyone watching: Assets are always shown on the left side of a balance sheet and Liabilities/Equity on the right (backwards in the video)

Great video series though, watch them all.

[brco2003]

My professor, with a PhD. in Accounting, couldn't explain this simple concept... but you could... and did it clearly. Thank you, Sal!

[mrsocko551]

honestly you overcomplicated it

[mosheikh]

You're awesome man, thanks for doing this.

[TrueBlackRaven]

THANK YOU!