The balance sheet is a snapshot at a single point in time of the company's accounts - covering its assets, liabilities and owners' equity. The purpose of the balance sheet is to give users an idea of the company's financial position along with displaying what the company owns and owes.
Most of us having a checking and savings account--that's pretty standard. But there are a handful of other kinds of accounts offered by banks and credit unions. We thought we'd put together a primer on the basic types of accounts, so you can see which ones might work for you.
Free Tools For Your YouTube Toolbox - #infographic