Personal Balance Sheet

By filling out a personal balance sheet, you will be able to determine your net worth. Finding out your net worth is an important early step in the process of becoming a business owner because you need to find out what assets are available to you for investment in your business.
               
Statement of Financial Condition  ___________  20____

Assets 								           TOTALS
Cash/Checking and Savings Accounts		
Marketable Securities		
Nonmarketable Securities		
Real Estate/Home 		
Partial Interest in Real Estate 		
Automobiles		
Personal Property		
Personal Loans		
Insurance Cash Values		
Other 		

		
Total Assets	A		

Liabilities 								           TOTALS
Secured Loans		
Unsecured Loans		
Credit Card/Charge Account Bills		
Personal Debts		
Current Monthly Bills		
Real Estate Mortgages		
Unpaid Income Tax		
Other Unpaid Taxes and Interest		
Other Itemized Debts		

		
Total Liabilities	B		
Net Worth (A – B  = C)	C		
Total Liabilities & Net Worth	D		

Degree of Debt
Note:
If total liabilities exceed total assets, subtract assets from liabilities to determine degree of debt (B – A = E)				
	Total Liabilities	B		
	Total Assets	A		
	Degree of Debt	E		

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