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Handout BAF 23a.your Net Worth Worksheet1

The document is an activity for an accounting unit that involves calculating personal net worth by listing assets owned and debts owed. Participants are instructed to estimate values for various categories of possessions and liabilities, ultimately calculating their net worth as the difference between the two totals. All values in the example provided are set to $0.00.

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35 views1 page

Handout BAF 23a.your Net Worth Worksheet1

The document is an activity for an accounting unit that involves calculating personal net worth by listing assets owned and debts owed. Participants are instructed to estimate values for various categories of possessions and liabilities, ultimately calculating their net worth as the difference between the two totals. All values in the example provided are set to $0.00.

Uploaded by

j.rodriguez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd

Unit 1: Introduction to Accounting

Activity 3: The Accounting Equation


How Much Are You Worth?
Key in the purchase price of everything you own and owe into column B.
You may need to estimate some values but try to be as accurate as possible.

Things That You Own


Money in your bank account $0.00
Clothes (pants, skirts, jackets etc.) $0.00
Footwear (shoes, boots etc.) $0.00
Sports (skis, boards, bike, baseball glove, hockey equip., etc.) $0.00
Jewellery (watch, rings, necklaces, earrings etc.) $0.00
Computer $0.00
Electronics (mp3, TV, game console, radio, phone, etc.) $0.00
Toys I used to play with (dolls, k'nex, lego, train, etc.) $0.00
Entertainment (CDs, movies, books, video games etc.) $0.00
Furniture (bed, dresser, desk, lamps, shelves etc.) $0.00
Other items $0.00
TOTAL $0.00

Money You Owe


Money owed to parents/guardians $0.00
Money owed to relatives $0.00
Money owed to friends $0.00
Bank Loans $0.00
Credit card balances $0.00
Other $0.00
TOTAL $0.00

Net Worth
(Things that you own minus money you owe) Your Net Worth $0.00

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