Question
A personal balance sheet requires the listing of all assets and liabilities to indicate an individual's equity or net worth. The liabilities listed in a
A personal balance sheet requires the listing of all assets and liabilities to indicate an individual's equity or net worth. The liabilities listed in a balance sheet would include:
Remaining balance of a personal loan | ||
Mortgage repayments | ||
Payment of school fees | ||
Contributions to a managed fund |
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
