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PERSONAL FINANCIAL STATEMENT AS OF: ___ (date) Important: Read these directions before completing this Statement. If you are applying for individual credit in your own name and are relying on your

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How to fill out personal financial statement

01

Gather all necessary financial documents such as bank statements, tax returns, and investment statements.

02

List all assets including cash, real estate, retirement accounts, and personal property.

03

List all liabilities including mortgages, loans, and credit card debt.

04

Calculate your total assets and total liabilities.

05

Subtract total liabilities from total assets to determine your net worth.

06

Include details such as your income, expenses, and financial goals.

Who needs personal financial statement?

01

Individuals applying for loans or mortgages.

02

Business owners seeking investors or loans.

03

Anyone wanting to track their financial health and plan for the future.

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What is personal financial statement?

A personal financial statement is a document that outlines an individual's financial situation at a given point in time.

Who is required to file personal financial statement?

Certain individuals such as elected officials, government employees, and candidates for public office may be required to file a personal financial statement.

How to fill out personal financial statement?

To fill out a personal financial statement, individuals must gather information on their assets, liabilities, income, and expenses and accurately report them on the form provided by the relevant authority.

What is the purpose of personal financial statement?

The purpose of a personal financial statement is to provide transparency and accountability regarding an individual's financial situation, particularly for those in public office or positions of authority.

What information must be reported on personal financial statement?

Information that must be reported on a personal financial statement typically includes assets such as property and investments, liabilities such as debts, income sources, and expenses.

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