A Personal Income Statement Lists Your ____ and ____ for a Specific

question 111

Multiple Choice

A personal income statement lists your ____ and ____ for a specific period of time.

• A) assets; budgeted amounts
• B) liabilities; assets
• C) assets; liabilities
• D) expenses; net worth
• E) income; expenses

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Definitions:

Separation Of Duties

A principle in auditing and accounting where tasks are divided among different employees to prevent fraud and errors.

Management Of Cash

The process of collecting, managing, and investing a company's cash flows to meet its operational and financial objectives.

Alphabetical Order

A method of sorting by arranging items according to the sequence of the letters in the alphabet.

Tickler File

An organizational system consisting of a set of files used as a reminder for tasks or events on specific dates.