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
Give 3 examples of Public communications
kupik [55]
1) Newspapers
2) Television
3) Raido
7 0
3 years ago
Please need help on this
Black_prince [1.1K]

Answer:ab

Explanation:a

4 0
2 years ago
Cooperation among states based on custom and practice without formal agreement is commonly referred to as ________, which are pa
liberstina [14]

Answer: International regime

Explanation: The concept was first introduced to international relations by John Ruggie in 1975 but the most widely known definition was given by krasner.

He defined it as a ‘set of implicit or explicit principles, norms, rules, and decision-making procedures around which actors' expectations converge’ in 1983. It was further explained that although regimes include formal treaties and national law, they also rely on informal norms and networks to develop and enforce standard behavior in an area of global policy.

7 0
3 years ago
What is meant by “standards of justice have not always been met”? Provide examples of some efforts that have been made to reach
Akimi4 [234]
For the answer to the question above,
Our nation was built on the concept of equal justice for everyone. However, blacks were enslaved and later faced discrimination, lynching, and unfair treatments. Other minorities have also been unfairly punished. The Civil Rights Act was one example of trying to reach goals of justice. 
3 0
3 years ago
During a raucous concert given by her favorite band, Death Metalheads, Sylvie becomes less self-aware and finds herself absorbed
Murrr4er [49]

Answer:

I think the answer is "self verification theory.

6 0
3 years ago
Other questions:
  • Therapist Charlotte Maley is a behaviorist. She is MOST likely to suggests that depression is: due to unresolved unconscious con
    13·1 answer
  • Define the concept of judicial review, and identify the roles played by Thomas Jefferson,, James Madison, and John Marshall in t
    5·1 answer
  • True or false According to libertarianism, government should take a “hands-off” approach in most matters.
    6·1 answer
  • When you first put your hat on, you can feel it quite easily, but after a while, you forget that you are wearing a hat at all th
    14·2 answers
  • President Bush received a Master of Business Administration from Harvard Business School in 1975. What correction should be made
    12·2 answers
  • Think about a product you purchased within the last month. In four to five sentences, explain where the product was produced and
    6·1 answer
  • The World State’s motto suggests that community, identity, and stability are the most important qualities in their society. What
    12·1 answer
  • A felon intending to rob a market waited outside until there were no customers. When he saw that the market was empty, he went i
    13·1 answer
  • Read the following quotation: "Price controls and minimum wage laws can help protect workers while allowing the market to functi
    6·1 answer
  • The heritage foundation index of economic freedom is based on ten indicators. what are four of those indicators?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!