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

Question: 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

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

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