PERSONAL ASSETS AND LIABILITIES STATEMENT 2025

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  1. Click ‘Get Form’ to open the PERSONAL ASSETS AND LIABILITIES STATEMENT in the editor.
  2. Begin by filling out the 'P-SEGMENT LOANS' section. Provide details about your immovable property, including the description, address, ownership status (Owned/Leased), and its value. Attach a Xerox copy of the sale deed or land tax receipt as required.
  3. Next, list your other liquid assets. For each asset type such as NSCs, PF, Gold, and others, enter a brief description along with its corresponding value.
  4. Proceed to the 'LIABILITIES' section. Here, detail all your liabilities including housing loans and personal loans. Ensure you input the amount for each liability accurately.
  5. Finally, review all entered information for accuracy. Once confirmed, sign in the designated area to certify that the information is true and correct.

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Examples of personal assets include cash, valuable personal items, vehicles, and houses. A personal liability is any debt owed to financial institutions or other individuals. Examples of personal liabilities include home loans, credit card debt, and student loans.
List your assets: Identify and value all your assets using current market values for investments and real estate. List your liabilities: Include all your debts, noting the remaining balances and interest rates. Calculate your net worth: Subtract your total liabilities from your assets to determine your net worth.
What is it? When applying for a loan, especially a business or commercial loan, lenders often ask borrowers to submit a Personal Assets Liabilities Statement. This document gives lenders an overview of your personal financial situation by summarising your assets and liabilities.
How to prepare a balance sheet Add up assets. List out all of your assets, including cash and cash equivalents, inventory, marketable securities, accounts receivable, and less liquid assets like property or machinery. Add up liabilities. Determine shareholders equity.
Asset: An asset is a financial product that adds value to your portfolio. Some examples include cash, investments and property. Liability: A liability is a financial obligation or debt where you or your business must repay funds to someone else.

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