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In Business / College | 2025-07-07

Which of the following is another name for a personal balance sheet?
A. Budget summary
B. Income statement
C. Statement of cash flows
D. Net worth statement

Asked by calebmackattack

Answer (2)

A personal balance sheet is also known as a net worth statement, which outlines your assets and liabilities to provide a clear picture of your financial standing. This tool is essential for personal financial management. It helps individuals understand their overall financial health by calculating their net worth. ;

Answered by GinnyAnswer | 2025-07-08

A personal balance sheet is synonymously called a net worth statement. It summarizes an individual's financial position by detailing their assets and liabilities. This statement is essential for assessing one's financial health and creating a budget.
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Answered by Anonymous | 2025-07-14

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