Chapter 2
अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!
An example of a liquid asset would be
A checking account
A(n) ____________ is a plan for spending
Budget
Assets represent amounts owed to others that must be paid within the next year.
F
Most financial records should be kept in a safe-deposit box
F
Definite financial obligations are referred to as
Fixed expenses
A personal cash flow statement presents
Income (inflow) and payments (outflow)
__________ represents amounts owed to others
Liabilities (owe)
A budget deficit exists when actual spending exceeds projected spending.
T
A personal balance sheet reports the financial position of a person or family on a given date
T
Spending less than your income will increase net worth
T