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BALANCE SHEET, DECEMBER 31, 2022 ASSETS Real Properties Php3,000,000.00 - House and Lot Php3,000,000.00 Personal Properties 2,500,000.00 - Car (SUV) 1,650,000.00 - Furniture 250,000.00 -
BALANCE SHEET, DECEMBER 31, 2022
ASSETS | ||
Real Properties | Php3,000,000.00 | |
- House and Lot | Php3,000,000.00 | |
Personal Properties | 2,500,000.00 | |
- Car (SUV) | 1,650,000.00 | |
- Furniture | 250,000.00 | |
- Jewelry | 600,000.00 | |
- Cash Savings | 500,000.00 | |
TOTAL ASSETS | Php6,000,000.00 | |
LIABILITIES | ||
- Housing Loan | 2,886,000.00 | |
- Car Loan | 1,416,000.00 | |
- Credit Card | 310,000.00 | |
TOTAL LIABILITIES | Php4,612,000.00 | |
NET WORTH | Php1,388,000.00 |
QUESTION:
- What does the balance sheet show about your financial situation at this moment in time?
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