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A personal financial statement lists all assets and liabilities of an individual or couple. An individual's net worth is determined by subtracting their liabilities from their assets?a positive net worth shows more assets than liabilities. Net worth can fluctuate over time as the values of asset and liabilities change.

Married couples may create joint personal financial statements by combining their assets and liabilities. Income and expenses are also included if the statement is used to attain credit or to show someone's overall financial position. This can be tracked on a separate sheet or an addendum, called the income statement.

A personal financial statement is a spreadsheet that details the assets and liabilities of an individual, couple, or business at a specific point in time. Typically, the spreadsheet consists of two columns, with assets listed on the left and liabilities on the right.

A personal financial statement (PFS) is for organizing and measuring an individual's or family's financial status. The PFS has two chief sections: a cashflow assessment of income and outflows, as well as a balance sheet which displays one's overall assets, liabilities, and overall net worth.

Financial statements are a set of documents showing a company's current financial status. Specifically, these statements indicate: how much money is being made and spent?shown on the income statement. what the company owns and how much it owes?shown on the balance sheet.

The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, its revenues and costs, as well as its cash flows from operating, investing, and financing activities.