Question

Bank statements, credit statements, and records of cash expenses help you to estimate your ________.1.credit score2.emergency fund needs3.expenses4.available investments

Answer 1

Answer:

3.expenses

Explanation:

At the end of the accounting period, the accounts must present their real balance, as these values ​​will serve as the basis for preparing financial statements. When account balances are not real, it is necessary to increase, decrease or correct them through an accounting entry called an adjustment entry.

Ordinary settings

They are the seats that are made frequently, in the company in each accounting period. These types of adjustments affect the following accounts:

Box

Banks

Provisions and debts that are difficult to collect

Inventory of merchendise

Accumulated depreciation

Prepaid expenses and deferred charges

Income received in advance

Receivables Revenue

Costs and expenses to pay

Provisions for labor obligations

Answer 2

Answer:

4. Available investments

Explanation:

To enable me estimate my available investments, I need my bank statements, credit statements and record of cash expenses