How to prepare financial statements | Financial Statement Basics | Income Statement | Balance Sheet

This video from Commerce Specialist explains how to prepare basic financial statements. Detailed explanation is given regarding How to prepare Income Statement, How to prepare Balance Sheet, what is an income statement, what is a balance sheet, how to prepare statement of financial position, how to prepare statement of comprehensive income. This video also explains the need for preparing financial statements and the format for preparing income statement and balance sheet. This video is relevant for students of CMA, ACCA , CA, CFA, CIA, CPA, CIMA, B.Com, BBA, MBA, O and A levels. LINK TO JOIN MY DEDICATED PAID GROUP: https://www.patreon.com/commercespecialist To support my channel, Buy my merch, link is given below: https://allnew4u.creator-spring.com/ My website's link: https://www.comparativeedge.com Contact me on: [email protected] #financialstatements #incomestatement #balancesheet