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In Business / College | 2025-07-08

Alright so with that information, let's put together your balance sheet. A Personal Balance Sheet is a statement of your net worth. It is an accounting of what you own as well as what you owe. But first, what are the main categories that belong on a personal balance sheet?

Select all that apply:

A. Liabilities
B. Checking/Savings
C. Credit Cards
D. Assets

Asked by calebmackattack

Answer (2)

A Personal Balance Sheet includes main categories such as Assets, Liabilities, Checking/Savings, and Credit Cards. Assets represent what you own, while liabilities reflect what you owe. Understanding these categories helps you assess your net worth effectively. ;

Answered by GinnyAnswer | 2025-07-08

A Personal Balance Sheet comprises four main categories: Assets, Liabilities, Checking/Savings, and Credit Cards. These categories help you evaluate your net worth by detailing what you own and what you owe. Correctly identifying these categories is essential for understanding your overall financial health.
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Answered by Anonymous | 2025-07-11

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