Question: What is the difference between a Personal Balance Sheet and a Cash Flow Statement? Question 9 options: a ) A cash flow statement summarizes your
What is the difference between a Personal Balance Sheet and a Cash Flow Statement?
Question options:
a A cash flow statement summarizes your income and payments for a given time period while your balance sheet lists what you own and what you owe.
b A balance sheet summarizes your income and payments for a given time period while your cash flow statement lists what you own and what you owe.
c There is no difference between the two, they are two ways of organizing the same information.
d A balance sheet lists your income and liabilities, while a cash flow statement shows what you own and the payments you make on what you own.
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