ONLY 20 mins FULL BALANCE SHEET Prep | Dr. Anil Lamba

Most people think you need an accounting degree to make or read a balance sheet, but that’s simply not true.
In this video, I’ll show you how to create a complete Profit & Loss statement and Balance Sheet from scratch, even if you’ve never studied accounting.

Through a simple story and a few logical steps, you’ll understand how every business transaction can be classified into just four categories - Expense, Income, Liability, or Asset - and how these are all you need to make financial statements.

By the end, you’ll be able to prepare a balance sheet in minutes and truly understand what’s happening inside any business.

Watch till the end, this one video might change how you look at business finance forever.

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