How Is the 80-10-10 Rule Divided

question 2

Multiple Choice

How is the 80-10-10 rule divided?

• A)Save 80%,live on 10%,give away 10%
• B)Give away 80%,save 10%,live on 10%
• C)Live on 80%,save 10%,invest 10%
• D)Live on 80%,save 10%,give away 10%

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Definitions:

Account Numbers

Unique identifiers assigned to individual accounts within a company's accounting system, facilitating organization and tracking of financial transactions.

Ledger

A book or other collection of financial accounts of a particular type, often the final record where data from journals is compiled.

Journal

A book or electronic record where all financial transactions of a business are initially recorded, often before posting to ledgers.

Chronological Record

An organized account of events, transactions, or entries in the order they occurred over time.