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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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Solution Summary

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

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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 ...

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