1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MatroZZZ [7]
3 years ago
8

Personal financial statements are a good way of measuring our current finances and giving us information about our financial act

ivities.
A
B.
True
False
Social Studies
2 answers:
kaheart [24]3 years ago
8 0

Answer:

true

Explanation:

Personal financial statements are snapshots of your financial situation, including your income and spending. These statements are beneficial for several reasons. They are a good way of measuring our current finances and giving us information about our financial activities. For example, if you find that you are consistently going over your budget each month, a personal financial statement can help you identify where the money is going, and then you can either reassess your budget or eliminate unneeded spending that causes you to go over your budget. Personal financial statements are also a great way to measure progress on financial goals. By looking at financial statements over a period of time, you can see how much you've progressed in saving for a particular goal, for example.  

There are two main types of personal financial statements: personal balance sheets and cash flow statements. Let's take a look at how to create each of these types of personal financial statements and the benefits that each provides to us.

svetlana [45]3 years ago
6 0

<u>Answer:</u>

<em>The above statement is absolutely true. </em>

<u>Explanation:</u>

<em>Personal financial statements can be helpful in keeping the record of the expenses in different resources.</em> They also help to account for the family income and expenditures and regulate and maintain them.

Making personal financial statements can additionally help with the planning of the budget and show the indication of one’s financial conditions. <em>Keeping the record of groceries, gas, utility bills, rents, taxes, recreation expenses, etc. </em>

And determining the inflow and outflow of cash through the financial statement helps to find the net cash flow. <em>This shows if you are spending </em><em>more than you earn and can help in regulating the cash inflow and outflow and also control the budget. </em>

You might be interested in
5. Type of government where the central<br> government has all the power
kupik [55]

Answer:

Unitary form of government

Explanation:

The power is not shared between the other levels if government

7 0
3 years ago
What are some renewable, nonrenewable, and sustainable resources in UTAH?
sergiy2304 [10]
Renewable: wind energy
non renewable: fossil fuels and coal
7 0
3 years ago
What natural disaster greatly affected cotton farmers in the 1920s
Nataly [62]
<span>In the 1920's the agricultural products were at their boom. Mechanization was introduced to improve farm technology. But lack of demand brought surplus products in the hands of farmers, prices fell. Farmers became loan defaulters resulting in poor performance in rural banks. But business boomed. There were more production and purchase of machines and electrical appliances through credit system and installment purchase which resulted in bankruptcy.</span>
4 0
3 years ago
Why did the American Colonists want to be free of British Rule/ please help!!!!!!!!
inysia [295]
The American Colonists wanted to be free of British Rule, because they believed that the British had no right to raise taxes on them and impose unneeded protection (which means more taxes). They didn't like it when there were more British soldiers, and that they had to quarter them (Quartering Act), and that they were getting taxed on everything (stamp act, tea act, etc). The Americans demanded change, or else they would split, but the British didn't listen. This resulted in riots, and when a group of british soldiers shot into a crowd of protesting colonists, it was the last straw, and the spark of the Revolutionary war

hope this helps
4 0
3 years ago
___ is an integrated approach to drug treatment which recognizes that psychological, social, and biological factors each play a
valina [46]
Drug treatment/therepy is the correct answer
6 0
3 years ago
Other questions:
  • In Brazil, the indigenous population was around 3.5 million before the arrival of Europeans. Today, the indigenous population is
    10·2 answers
  • Adal is a high-school senior and wants very much to go to college. his mother and father promise to pay his tuition, provided he
    14·1 answer
  • ______ are moral principles that guide people.
    7·1 answer
  • _______________ is a fundamental personality dimension that describes whether people are cooperative and secure, or irritable an
    11·1 answer
  • The theory of __________ claims that most people act first and then rationalize their behavior second. After they have taken act
    15·1 answer
  • What environmental condition contributed to the heat wave experienced in Europe and the thousands of deaths in France?
    6·1 answer
  • Can anybody please help me on this?
    7·2 answers
  • Yo can someone help me out This is a psychology question lol
    12·2 answers
  • The philosopher Confucius created Confucianism in order to: A: Convince people to fight the government. B: Help China become mor
    9·2 answers
  • 7. The Fed decides to sell bonds on the open market. How
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!