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How The BALANCE SHEET Works (Statement of Financial Position / SOFP)

452,429 views

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

/CHans/

chances
noun other verb

possibility. The possibilities that something will happen. To occur just through luck; happen.

/ˈbaləns/

balance
noun verb

even distribution of weight. To make two or more things equal.

/ˈkridək(ə)l/

critical
adjective

Most important part.

/skraCH/

scratch
adjective noun verb

assembled or made from whatever is available, and so unlikely to be of highest quality. Action of rubbing your skin when itchy. To rub your skin with your nails to stop an itch.

/inˈvest/

investing
verb

put money into something in hope of making profit.

/ˈabsəˌl(y)o͞otlē/

absolutely
adverb

totally.

/ɡet/

getting
verb

To go somewhere to obtain something.

/imˈpreSHən/

impression
noun

Act of copying someone's speech or behavior.

/prəˈper/

prepare
verb

To make something ready for use.

/ˈlendiNG/

lending
noun verb

action of allowing person use of sum of money under agreement to pay it back later. To let someone borrow something for a while.

/ˈpōstiNG/

posting
noun verb

Job or position within an organization or company. To share a message on an internet discussion group.

/ikˈsplān/

explain
verb

To make clear or easy to understand by describing.

/ˌəndərˈstand/

understand
verb

To know the meaning of language, what someone says.

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