Understand Accounting & Financial Statements through "Account Types"

This video breaks down the 5 account types and how they summarize the business on the two main financial statements. Whether you have a small business, are a bookkeeper, a student, or an investor, this video can help you understand business reports (financial statements) and what they are communicating to you.

The two main business reports that show all of the account totals are the Income Statement and Balance Sheet.

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