Example Balance Sheets
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Download example balance sheets that allow an individual to be able to view how to calculate the net worth of a person or business by adding the assets (income, property, cash in hand, etc.) and subtracting it’s liabilities (expenses, debt, etc.) to determine it’s value.
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Example of a personal balance sheet;
Example Balance Sheet
| ASSETS |
|
|
|
|
Current Assets |
|
|
|
Cash |
$ |
10,000 |
|
Accounts receivable |
$ |
25,000 |
|
Inventory |
$ |
150,000 |
|
Total Current Assets |
$ |
185,000 |
|
|
|
|
|
Non-Current Assets |
|
|
|
Plant and equipment |
$ |
50,000 |
|
Business premises |
$ |
650,000 |
|
Vehicles |
$ |
70,000 |
|
Total Non-Current Assets |
$ |
770,000 |
|
|
|
|
| TOTAL ASSETS |
$ |
955,000 |
|
|
|
|
|
Current Liabilities |
|
|
|
Accounts payable |
$ |
25,000 |
|
Bank overdraft |
$ |
10,000 |
|
Credit card debt |
$ |
5,000 |
|
Tax liability |
$ |
30,000 |
|
Total Current Liabilities |
$ |
70,000 |
|
|
|
|
|
Non-Current Liabilities |
|
|
|
Long term business loan 1 |
$ |
450,000 |
|
Long term business loan 2 |
$ |
50,000 |
|
Total Non-Current Liabilities |
$ |
500,000 |
|
|
|
|
| TOTAL LIABILITIES |
$ |
570,000 |
|
|
|
|
| NET ASSETS |
$ |
385,000 |
|
|
|
|
| OWNERS EQUITY |
$ |
385,000 |
Sources
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