ENTREPRENEURIAL PLANNING
FINANCIAL PLANNING AND ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -A record of your assets and liabilities is called a cash flow statement. False. A difference between actual spending and budgeted spending is called a budget variance.
Detailed explanation-2: -A cash flow statement is a financial statement that shows how cash entered and exited a company during an accounting period. Cash coming in and out of a business is referred to as cash flows, and accountants use these statements to record, track, and report these transactions.
Detailed explanation-3: -MCQ on Cash Flow Statement In other words, a cash flow statement is a financial statement that estimates the cash produced or used by a firm in a presented time. Financial Statements includes, (1) Profit and Loss Account, (2) Balance sheet, (3) Cash Flow statement and (4) Notes to Accounts.