A personal balance sheet is comprised of
A) your assets, liabilities and net worth.
B) your loans and credit card balances.
C) monthly loan, credit card and other "fixed" payments.
D) gross monthly income less "fixed" payments.

Question

Quizplus · Accepted Answer

A personal balance sheet includes assets (what you own), liabilities (what you owe), and your net worth, which is calculated by subtracting liabilities from assets.

A Personal Balance Sheet Is Comprised of