Column Accounting Balance Sheets

Video Transcript

"Hi, I'm Ryan Lavine with Utah Working Capital. Now I'd like to talk about column balance sheets. As we've talked about, the the format of a bal, of a traditional balance sheet typically shows the asset's on top. The next section shows the liabilities in the middle and the bottom section shows the owner's equity. And they flow in that, in that way of of reading it top to bottom where an investor looks at the top with the assets and makes their way all the way down to owner's equity. A column type balance sheet reads from left to right, so on the left, a company will have all of their asset's listed on the left with their accompanying balance. As we move to the right, you'll see a second column that will show all of the liabilities with the total of those balances towards the bottom. And then as we go all the way to the third column, we'll see the owner's equity. The owner's equity will then be listed item by item with with the balance at the top. This gives analysts a way to to view each account from left to right and gives 'em a different view into it. For further additional questions, contact us at utworkingcapital@gmail.com."