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
Which infant is using mental symbols? eric, who is kicking his leg over and over dan, who is squeezing different toys to see if
Pachacha [2.7K]

I believe its Peter, who is moving his hand like a car.

5 0
3 years ago
Is wheat crop renewable and nonrenewable
ycow [4]
Wheat Is A Renewable Because It Grows Back. A renewable resource is one that has the ability to re-grow, or to be replenished. A nonrenewable resource is one that, once used, does not have the ability to re-grow.
7 0
3 years ago
How can writers in our networked world enhance their credibility?
zheka24 [161]
Answer:

D. By including details and statistics
7 0
3 years ago
Cookie Monster, one of the characters on the children’s TV show Sesame Street, has an intense urge to consume cookies, even when
Len [333]

Answer:

the correct answer is D

4 0
3 years ago
Read 2 more answers
Who did Percy run into in the Arch?
Aleksandr-060686 [28]

Answer:

He runs into Echidna and her monster Chimera

4 0
3 years ago
Read 2 more answers
Other questions:
  • Which type of colonial domination involves an attempt to transform a colonial state into an extension of the dominant state??
    8·1 answer
  • Write a brief announcement to attract students to a medieval university.
    10·1 answer
  • The regional buffer located between Communist Russia and Western Europe was known as the _____. Soviet Union Communist Bloc Iron
    9·2 answers
  • The first continental Congress was called for all the following reasons except ___.
    5·1 answer
  • Ben recently lost his job at a major U.S. auto plant in one of the rust belt states. After looking unsuccessfully for work in a
    9·1 answer
  • Which of the following is NOT a common theme American artists and writers used in their works in the early and mid-1800s?
    13·1 answer
  • How did Inca society treat the needy people of their society?
    11·2 answers
  • There are tools of genocide that are used to carry them out, what are those “tools”?
    6·1 answer
  • Based on the principles of convection, conduction and thermal radiation, which scenario below is most similar to the following s
    14·1 answer
  • chapter 5 advises researchers to look for information that is current. what is one other characteristic that the chapter says yo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!