Your personal balance sheet includes a summary of all your assets-what you own that has some cash value-and your liabilities or debts.

Name: Your personal balance sheet includes a summary of all your assets-what you own that has some cash value-and your liabilities or debts.
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Question

Quizplus · Accepted Answer

A personal balance sheet is a financial statement that summarizes an individual's assets (what is owned) and liabilities (what is owed), showing the net worth at a specific point in time.

Your Personal Balance Sheet Includes a Summary of All Your