Which Report Shows You Information on Your Income and Expenses

question 12

Multiple Choice

Which report shows you information on your income and expenses for a specific period?

• A)Balance Sheet.
• B)Comparative Budget report.
• C)Money-out summary.
• D)Profit and Loss.
• E)None of these.

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Definitions:

Bid

An offer of a certain price for something, especially at an auction.

Withdraw

The act of removing money from a bank account, or retracting from a position or commitment.

Risk of Loss

Refers to the chance or possibility that an asset or investment's value will decrease or be irrecoverably damaged or destroyed.

Bulldozer

A heavy and powerful tracked vehicle equipped with a substantial metal plate used to push large quantities of soil, sand, rubble, or other such material during construction or conversion work.