What is a Wealth Statement?
As required by law, businesses and individuals must submit a statement of their income, profit, loss,
and expenses in one form. This is known as a Wealth Statement. If you want to reconcile your last
year's wealth with this year's wealth statement, here is a basic technique for doing so:
First, list out all the items that fall under each category. Then, calculate the totals for each category.
Next, compare the totals from last year to this year's totals. Finally, make any adjustments that are