In order to determine net worth,you would create what kind of report?
A)Written budget
B)Balance sheet
C)Cash flow statement
D)SWOT analysis
E)Physical budget

Question

Quizplus · Accepted Answer

A balance sheet is a financial statement that shows a person's assets, liabilities, and equity at a specific point in time. This information is used to determine the net worth, which is calculated by subtracting the total liabilities from the total assets. A written budget, cash flow statement, SWOT analysis, and physical budget are not typically used to determine net worth.

In Order to Determine Net Worth,you Would Create What Kind