Explain the difference between a balance sheet, cash flow statement and a budget? (4 marks) From the
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- Explain the difference between a balance sheet, cash flow statement and a budget? (4 marks)
- From the following items, please estimate the net worth and net cash flow for Ali. (6 marks)
| Item | RM |
| Cash and equivalent | 150 |
| Internet | 500 |
| Gold Investment Account | 2,500 |
| Funding Society | 3,500 |
| Car (Market value) | 20,000 |
| Amanah Saham (ASB) | 6,000 |
| Rakuten | 4,000 |
| Car loan | 4,500 |
| PTPTN | 19,000 |
| Salary | 2,000 |
| Interest Earned | 655 |
| Allowances for parents | 1,000 |
| Food expenditure | 500 |
| Monthly car loan | 200 |
| Entertainment | 600 |
| Medicine | 40 |
Expert Answer:
Balance sheets cash flow statements and budgets are financial statements used to analyze different aspects of a business or individuals finances A bal... View the full answer
Related Book For 
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
Posted Date:
