Question: You can make your own or base the data needed to yourself when you were a student or if you are a student now. I

You can make your own or base the data needed to yourself when you were a student or if you are a student now. I just need help because I have got a lot of things to do.

Activity 1.4.1. Prepare a Personal Cash Flow Statement Directions: 1. Get a piece of paper and write your monthly allowance (computed by daily allowance x number of days in a month) 2. Determine any liabilities that you've got from classmates, friends, family members. 3. Write the amount you spend on food, transportation, etc. (make it monthly to match your allowance) 4. Deduct the amount you spend from the amount of your allowance. Processing Questions: 1. How much is your accumulated monthly allowance? From what sources are they from? 2. How much is your total monthly expenses? What are these expenses? Associate the sources of your monthly allowance as your cash inflows and your monthly expenses as your cash outflows. 3. How would you differentiate a personal statement of comprehensive income from that of your personal cash flow statement? 4. Reflect on the importance of knowing your cash inflows and cash outflows

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