TopicProfit and loss statement balance sheet example.
PostedWed, Aug 21st 2019 00:13 AM
A balance sheet helps individuals and business owners understand where their finances stand during a specific time period. A person reading a balance sheet can learn a lot about a business and its viability.
You should check out several of the balance sheet examples on this page to get a feel for how to use and read one. Like a business, your personal balance sheet will contain information about your assets and liabilities. This is where you will list all of your personal bank accounts, credit cards, and mortgage payments. Basically, you will need to list all of your outstanding debt as well as your assets.