What is the purpose of creating your personal cash flow statement?
A)To develop your budget
B)To create your balance sheet
C)To track your net worth
D)For your annual tax return records

Question

Quizplus · Accepted Answer

Creating a personal cash flow statement helps you develop a budget by tracking your income and expenses over a period of time. This information can then be used to make educated decisions about spending and saving habits to help you reach your financial goals.

What Is the Purpose of Creating Your Personal Cash Flow