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How to complete good statement of financial position?

I can do multiple choices of accounting very well but i don't know how to do statements. #accounting

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Emily’s Answer

I always found writing out the debit and credit results helpful, even if it was multiple choice. Getting really comfortable with writing journal entries made it easier to then group the results for the statements
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Geoffrey’s Answer

There are various free interactive resources online where you can learn the Accounting basics taught as a story from the basic concept to the preparation of the statements. This will help make the connection between concepts and the actual financial statements.


You can check out a resources like:


https://www.accountingcoach.com/accounting-basics/explanation


there are many others including You Tube videos explaining the financial statements


all the best.
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Jacob’s Answer

Youtube is possibly the best free online resource to start your search because you can decide the granularity of the content based on the video length and view reviews as well as comments.
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