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Introduction to Balance Sheets

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Uploaded by on Mar 15, 2008

Using a home purchase to illustrate assets, liabilities and owner's equity.

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LICENSE: Creative Commons (Attribution-Noncommercial-No Derivative Works).

For more information about this license, please read: http://creativecommons.org/licenses/by-nc-nd/3.0/.

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  • Khanacademy can you make a video on statement cash flow

  • 8:09

    I'm a hundred-thousandaire! lol

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  • This is very well explained. Thank you.

  • omg that easy. 

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

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

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

    great stuff Mr. Khan. Thank you very much.

    God bless you.

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

  • 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...

  • @TuNuevoNegocio yes, it remains true

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