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A detailed description of the money your business makes and expends every month for the first year is called a(n)

cash-flow statement. income statement. balance statement. bank statement.

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cash-flow statement.

User Richie Mackay
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The correct answer is A) cash-flow statement.

A detailed description of the money your business makes and expends every month for the first year is called a cash-flow statement.

The cash-flow statement is an important financial statement that reports the cash generated and the cash spent during a month, a quarter, or a year. It shows the amount of money that was moved by the company in any of those periods. The statement of cash flow includes Operating Activities, Investment Activities, and Financing Activities.

User Campa
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