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Bookkeeping Concepts

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Balance Sheet (Outline)

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Read our Explanation (4 Parts) free

Our Explanation of Balance Sheet will provide you with a basic understanding of this very important financial statement. You will learn about asset classifications, liabilities, and owner's (and stockholders') equity.

Part 1Introduction to Balance Sheet, Assets
Part 2Liabilities
Part 3Owner's (Stockholders') Equity
Part 4Sample Balance Sheet, Templates, Notes To Financial Statements, Financial Ratios
Take our Practice Quiz free

This 24-question quiz is a fast way to assess your understanding of the Balance Sheet Explanation. It's also a great warmup for our Quick Test.

Review our Visual Tutorial

Our visual tutorial for the topic Balance Sheet gives you a step-by-step description of the components of the balance sheet. This is especially helpful in understanding the stockholders' equity section. A 20-question quiz at the end will give you immediate feedback and will help you retain important concepts.

Watch our Financial Statements Seminar Videos

Our Understanding Financial Statements Video Seminar consists of 14 videos of approximately 10 minutes each. You'll learn about the balance sheet, income statement, and cash flow statement components. To make things even more convenient we have included printable notes.

Review our Q&A free

We've answered 360 popular questions related to the topic Balance Sheet. Review them all or use the search box found at the top of each page of our website for your specific questions.

Review our Flashcards

Our flashcards for the topic Balance Sheet will help you master key terms and definitions. You can view them on any device or print them out.

Solve our Word Scramble free

If you find Balance Sheet terminology difficult, this Word Scramble will provide clues (scrambled answers) to assist you.

Solve our Crossword Puzzle #1 free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Balance Sheet in a more fun format.

Solve our Crossword Puzzle #2 free

We created this crossword puzzle for you to learn, review, and retain terminology for the topic Balance Sheet in a more fun format.

Review our Sample Business Forms

Our balance sheet forms include three for corporations and two for sole proprietorships. All of our business forms contain an Excel template, a blank PDF form, and a filled-in PDF form.

Review our Cheat Sheet

Our Balance Sheet Cheat Sheet provides the highlights of this very important financial statement. You will learn about asset classifications, liabilities, and owner's (and stockholders') equity.

Take our Quick Test #1

This graded 40-question test measures your understanding of the topic Balance Sheet. Discover which concepts you need to study further and enhance your long-term retention. All of our quick tests can be taken online and/or printed.

Take our Quick Test #2 with Coaching

This graded 30-question test provides coaching to guide you to the correct answers. Use our coaching to learn the WHY behind each answer and deepen your understanding of the topic Balance Sheet.

Earn our Financial Statements Certificate of Achievement

Earn this certificate to demonstrate your knowledge of the main financial statements. In the process you will be improving your knowledge, retention and recall of key elements. You will feel more confident knowing you passed the 40-question exam prepared by an experienced CPA and university instructor.

Certificate of Achievement

Certificates of Achievement

We now offer four Certificates of Achievement for Introductory Accounting and Bookkeeping. The certificates include Debits and Credits, Adjusting Entries, Financial Statements, and Working Capital and Liquidity. Click here to learn more.

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