There needs to be a passage for me to read so I can answer
Answer:
1
Explanation:
The answer is 1 because you can not actually curse yourself into despair.I hope I helped you out if I did please tell me.
Continue using that order.
Steps for calculating Net Worth:
(Chronological order)
1) List all assets (property amount, cash etc) to the left side of the balance sheet & add asset total
2) list all liabilities (credit amount, loan, bank account) to the right side & add liabilities total
3) To get Owner's equity- you must subtract asset total and liabilities total.
For ex. 25.00 (asset total) - 20.00 (liabilities total) = 5 dollars for Owner's Equity
4) final step- in order to find the 'total liabilities & owner's equity you add the total liabilities + owner's equity = 'total liabilities & owners equity
For ex. 20.00 (liabilities total) + 5 dollars (Owner's Equity) = 25 dollars is the (total liabilities & Owner's equity.)
In order for a successful balance sheet: Assets total must equal 'total liabilities & Owner's Equity.'
In this case, our assets total of (25.00) is equal to 25.00 dollars for the total liabilities & Owner's Equity, because we added the liabilities total of (20.00) + (5.00 dollars) of the Owner's Equity equals (25.00 dollars of the total liabilities & Owner's Equity.
