To determine a person's solvency,which financial document should be consulted?
A)Cash flow statement
B)Budget
C)Debt consolidation statement
D)Personal balance sheet
E)Credit report

Name: To determine a person's solvency,which financial document should be consulted? A)Cash flow statement B)Budget C)Debt consolidation statement D)Personal balance sheet E)Credit report
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

A personal balance sheet provides a snapshot of an individual's assets and liabilities, which is essential for assessing solvency.

To Determine a Person's Solvency,which Financial Document Should Be Consulted