ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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money management records
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housing records
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personal records
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tax records
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Detailed explanation-1: -Personal Assets Cash and cash equivalents, certificates of deposit, checking, and savings accounts, money market accounts, physical cash, Treasury bills. Property or land and any structure that is permanently attached to it. Personal property-boats, collectibles, household furnishings, jewelry, vehicles.
Detailed explanation-2: -Here’s why these five financial documents are essential to small businesses. The five key documents include profit and loss statements, balance sheets, cash-flow statements, tax returns and aging reports.
Detailed explanation-3: -Answer and Explanation: (b) Dividends would not be found on an income statement. An income statement shows all the revenues and expenses of a company for a period of time, typically for a year.
Detailed explanation-4: -Recorded on the right side of the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued expenses.