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how to create a personal balance sheet and determine your a personal balance sheet calculates your net worth by paring your financial assets what you own with your financial liabilities what you owe the difference between the two is your personal net worth here s how you can create your own personal balance sheet balance […]
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balance sheet in financial accounting a balance sheet or statement of financial position or statement of financial condition is a summary of the financial balances of an individual or organization whether it be a sole proprietorship a business partnership a corporation private limited pany or other organization such as government or not for profit entity […]