ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A list of all of a person’s assets and liabilities at a specific point in time.
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Cash Flow
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Balance Sheet
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Asset
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None of the above
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Explanation:
Detailed explanation-1: -A balance sheet is a list of the assets, liabilities, and owner’s equity as of a specific date.
Detailed explanation-2: -List your assets (what you own), estimate the value of each, and add up the total. Include items such as: List your liabilities (what you owe) and add up the outstanding balances. Subtract your liabilities from your assets to determine your personal net worth.
There is 1 question to complete.