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10 November, 13:28

A personal balance sheet reports your income and expenses.

a. True

b. False

Insolvency is a result of having more liabilities than assets

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Answers (1)
  1. 10 November, 13:35
    0
    To answer the question above if a personal balance sheet is a report to your income and expenses. the answer is letter A, True. Balance sheet as a whole is a statement of the assets and liabilities, it details the income and expenditure over a preceding period of time.
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