This form is a statement of assets and liabilities of an individual. The form contains sections which ask the individual to identify the following: current assets, current liabilities, deferred assets, and net worth.
Financial Statement Form - Individual
Category:
State:
Multi-State
Control #:
US-00522B
Format:
Word;
Rich Text
Instant download
Description Individual Financial Statement
Free preview Financial Statement Example
How to fill out Template Personal Financial Statement?
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The two types of personal financial statements are the personal cash flow statement and the personal balance sheet.
Step 1: Fill in the identifying business information in Section I. Step 2: Complete questions 1 through 11 in Section I. Step 3: Complete questions 12 through 16 in Section I. Step 4: Review Section I and sign and date at the bottom of page 3 of the form.
For example, if you have a house and a car with a value of $100,000, and you have a mortgage and car loan for $75,000, your net worth is $25,000. Net worth for an individual is similar to owner's equity for a business. Therefore, a personal financial statement is similar to a business's balance sheet.
Fill in basic business information. Add information about your assets. Add information about your liabilities. Complete section 1 for your source of income and contingent liabilities. Complete section 2 with your notes payable to banks and others. Complete section 3 with your stocks and bonds.
Fill in basic business information. Add information about your assets. Add information about your liabilities. Complete section 1 for your source of income and contingent liabilities. Complete section 2 with your notes payable to banks and others. Complete section 3 with your stocks and bonds.
Create a spreadsheet that has a section for assets and one for liabilities. List your assets and their worth. List every liability as well as its worth. Determine the total of both assets and liabilities. Determine your net worth.