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Balance Sheet Exercises

Worksheet Details

  • CategoryBalance Sheet.
  • TopicBalance sheet exercises.
  • AuthorKate Selle
  • PostedSun, Sep 08th 2019 09:54 AM
  • Formatjpg/jpeg

There are four different kinds of assets that you will need to list on your personal balance sheet. When you’re thinking about your personal net worth, you’ll want to include real property, fictitious assets, and floating assets. As an individual, you will still have liabilities. They can be broken down as follows on your personal balance sheet template.

How Are Liabilities Valued on a Balance Sheet Template? What is a liability, exactly, anyway? This is a list of ongoing debts that you are carrying. This may be a monthly real estate mortgage payment, money that you owe to vendors or even money you owe to your employees. You can even count loans that you have paid to your business from your personal finances. When measuring your liabilities, do not undervalue your liabilities. Liabilities should be included at amortized cost. This will be equal to the amount owed on them at that moment in time.

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