ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Your own record of all your transactions
A
check register
B
account statement
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Log your purchases immediately after shopping. This way, you’ll know how much you have, what you have to pay, and what you can spend. Keep your receipts so you can comb through them at the end of the month or year. Try marking on your calendar when to check your bank and credit card balances, so you don’t forget.

Detailed explanation-2: -In accounting terms, checkbook balancing is the act of reconciling your account by matching up the debits and credits on your bank statement to your own record of transactions.

Detailed explanation-3: -Basically, the four walls are the things you absolutely must pay for to keep on living. As Dave Ramsey lists them, the four walls are food, shelter, basic clothing, and basic transportation.

Detailed explanation-4: -Check your account statements. Categorize your expenses. Build your budget. The 50/30/20 budget calculator. Budgeting or expense-tracking apps. Explore other expense trackers. Identify room for change. 19-Oct-2022

There is 1 question to complete.