This video delves into the topic of the statement of financial statement. It explains the role of the two major components of the statement of financial position - assets and liabilities in detail. Edninjas is a learning platform with a mission to make IGCSE, A-Level and IBDP content easier for our ninjas to grasp, understand and revise at their own pace. Our video tutorials and lectures are designed by our teachers with first-hand experience with the IGCSE, A-Level and IBDP curriculum. At Edninjas, we believe in a blended modular approach to learning; with these tutorials, accompanied by our lecture notes, external resources, module tests and examination tips, we hope to empower our Edninjas family to strive towards a detailed and unparalleled understanding of their academics because we believe that learning beyond textbooks is a step towards becoming a true ninja warrior. Website: https://edninjas.org Credits: Teacher: Khushi Gupta Teaching Assistant: Khushi Gupta Editor: Bhava Tulsulkar Follow us: Instagram: / edninjas