Which of the following statements is false?
A) The sooner you start an investment program, the more time your investments have to work for you.
B) A personal income statement lists your assets and liabilities.
C) A budget is a specific plan for spending your income for a specific period of time.
D) It is important to balance your budget so that your income is equal to the money you spend or invest each month.
E) Unfortunately, many individuals spend more than they make.

Question

Quizplus · Accepted Answer

A personal income statement actually lists your income and expenses, not your assets and liabilities. Assets and liabilities are listed on a balance sheet.

Which of the Following Statements Is False