Bank and Income Statements Quick Check
Which information is often NOT included in a bank statement?
ANSWER - the account owner’s Social Security number
What are the most common transactions that appear on a bank statement?
ANSWER - A and C (deposits and transfers)
What is an income statement?
ANSWER - a statement that compares revenues to expenses and presents the net income (or loss) from a period of time
Which is the BEST description of a balance sheet?
ANSWER - a statement that balances assets to liabilities and equity
Which option is a long-term financial goal?
ANSWER - saving for retirement
1 answer
All correct thank you:)