Which of the following statements is not true concerning the monthly income and expense plan?
A)Each month's expenses are planned not to exceed the month's income.
B)The year's expenses and income are detailed by each month.
C)Some monthly allocations are made by simply dividing the annual estimate by 12.
D)It may indicate the need for effective cash management.

Question

Quizplus · Accepted Answer

The statement "Each month's expenses are planned not to exceed the month's income" is not necessarily true, as some months may have higher expenses than income, requiring savings from other months or borrowing.

Which of the Following Statements Is Not True Concerning the Monthly