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  • Personal Balance Sheet

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    The balance sheet shows the company's assets, liabilities, and equity for the prior fiscal year (FY-2023) and current fiscal year (FY-2024). Current assets and other assets remained the same, while current liabilities increased from $6,023 to $6,742. Long-term liabilities also increased, from $13,200 to $14,500. As a result, total liabilities increased and owner's equity remained at $0, leading to a decrease in the overall balance from $4,337 to $2,318.

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    personal balance sheet

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    The balance sheet shows the company's assets, liabilities, and equity for the prior fiscal year (FY-2023) and current fiscal year (FY-2024). Current assets and other assets remained the same, while current liabilities increased from $6,023 to $6,742. Long-term liabilities also increased, from $13,200 to $14,500. As a result, total liabilities increased and owner's equity remained at $0, leading to a decrease in the overall balance from $4,337 to $2,318.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    71 views4 pages

    Personal Balance Sheet

    Uploaded by

    api-549064431
    The balance sheet shows the company's assets, liabilities, and equity for the prior fiscal year (FY-2023) and current fiscal year (FY-2024). Current assets and other assets remained the same, while current liabilities increased from $6,023 to $6,742. Long-term liabilities also increased, from $13,200 to $14,500. As a result, total liabilities increased and owner's equity remained at $0, leading to a decrease in the overall balance from $4,337 to $2,318.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    BALANCE SHEET

    FY-2023 FY-2024

    ASSET TYPE PRIOR YEAR CURRENT YEAR

    Current assets 23,500 23,500

    Fixed assets 0 0

    Other assets 60 60

    Current liabilities 6,023 6,742

    Long-term liabilities 13,200 14,500

    Owner equity 0 0

    TOTAL ASSETS 23,560 23,560

    TOTAL LIABILITIES & STOCKHOLDER EQUIT 19,223 21,242

    BALANCE 4,337 2,318


    ASSETS
    FY-2023 FY-2024

    ASSET TYPE DESCRIPTION PRIOR YEAR CURRENT YEAR

    Current assets Cash 0 0

    Current assets Investments 23,500 23,500

    Current assets Inventories 0 0

    Current assets Accounts receivable 0 0

    Current assets Pre-paid expenses 0 0

    Fixed assets Property and equipment 0 0

    Fixed assets Leasehold improvements 0 0

    Fixed assets Equity and other investments 0 0


    Less accumulated depreciation
    Fixed assets 0 0
    (negative value)
    Other assets Charity 60 60

    TOTAL ASSETS 23,560 23,560


    LIABILITIES
    FY-2023 FY-2024

    LIABILITY TYPE DESCRIPTION PRIOR YEAR CURRENT YEAR

    Current liabilities Accounts payable 0 221

    Current liabilities Accrued wages 6,019

    Current liabilities Accrued compensation 0

    Current liabilities Income taxes payable 6,023 502

    Current liabilities Unearned revenue 0 0

    Long-term liabilities Rent 13,200 14,500

    Owner equity Investment capital 0 0

    Owner equity Accumulated retained earnings 0 0

    TOTAL LIABILITIES & STOCKHOLDER EQUITY 19,223 21,242


    CATEGORIES
    CATEGORIES

    Current assets

    Fixed assets

    Other assets

    Current liabilities

    Long-term liabilities

    Owner equity

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