Font size
WorksheetsBudgeting
Total questions: 10
Worksheet time: 8mins
It is a set of goals for spending, saving and investing the money you receive.
Financial plan
educational plan
budgeting
record plan
It is a spending and saving plan based on your expected income and expenses.
budget
spending
expenses
net income
cost that do not change from month to month.
fixed expense
variable expenses
income tax
rent expense
shows a persons net worth based on his or her assets and liabilities.
net worth statement
balance statement
bank statement
debit statement
items of value that a person owns.
asset
liabilities
net worth
treasure
it is a list of valuable items you own, along with their purchase prices and approximate current value.
personal property inventory
real property inventory
finished goods inventory
treasure inventory
For how many years a taxpayers should keep copies of their tax records?
for at least 3 years
maximum of 3 years
1 year
10 years
It is legally enforceable agreement between two or more people
Contract
promise
check
promissory note
It refers to the competence of the parties to enter into a contract.
Contractual capacity
consideration
contract
binding agreement
It is an unconditional written promise to pay specified sum of money upon demand of a holder.
Negotiable instruments
contract
promissory note
check
