Hello in this lecture we’re going to put together the section of the balance sheet of property plant and equipment from the trial balance property, plant and equipment will be part of the assets can be the subcategory of assets, we talked last time about the creation of the current assets. And now we’ll be moving on to property, plant and equipment, which will then sum up everything for total assets. We will be picking these numbers up from a trial balance. And once we have completed all the financial statements, what we’re basically doing is taking a debit and credit format from the trial balance, converting it to a plus and minus format in terms of the financial statements, assets, equal liabilities plus owner’s equity so that people can read it even if they don’t understand debits and credits. In this lecture, we’re focusing in on this section here, which will be a land equipment and each cumulated depreciation.
