One of the main purposes of personal financial statements is to analyze your current financial status.
The general cause of the financial statements is to provide information about the results of operations, financial position, and cash flows of an organization.
The goal of monetary statements is to offer facts about the monetary position, performance, and modifications in the financial function of an entity that is beneficial to a wide range of customers in making financial selections.
A personal economic statement is a snapshot of your private economic function at a particular factor in time. It lists your assets (what you own), your liabilities (what you owe), and your internet well-worth. To get your internet worth, subtract liabilities from assets.
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