PERSONAL ASSETS AND LIABILITIES STATEMENT 2025

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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.
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.
Assets are things you own that have value. Assets can include things like property, cash, investments, jewelry, art and collectibles. Liabilities are things that are owed, like debts. Liabilities can include things like student loans, auto loans, mortgages and credit card debt.
Examples of assets include cash, inventory, accounts receivable, property, equipment, investments, patents, trademarks, and goodwill. Liabilities encompass loans, mortgages, accounts payable, accrued expenses, deferred revenue, bonds payable, and lease obligations.
Personal liability occurs in the event an accident, in or out of your home, that results in bodily injury or property damage that you are held legally responsible for.

People also ask

An asset is anything you own that adds financial value, as opposed to a liability, which is money you owe. Examples of personal assets include: Your home. Other property, such as a rental house or commercial property.
First, add up everything you own these are your assets. Then, subtract everything you owe these are your liabilities.

statement of assets and liabilities sample