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What is on the personal budget balance sheet, why important?

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What information do you have in the personal budget, personal balance sheet, and personal statement of cash flows? What does each tell you and how important is the information conveyed?

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https://brainmass.com/business/accounting/586343

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What information do you have in the personal budget, personal balance sheet, and personal statement of cash flows?

In my personal budget, I show my salary and then I show all my expenditures, such as rent, utilities, car payment, repairs, gifts, grocery store, medical costs, gas, clothing and entertainment. This also shows how much I can save each month or the surplus available to repay the credit cards. In my personal ...

Solution Summary

The discussion is 315 words and describes an actual personal budget and balance sheet.

$2.19