130k views
3 votes
What is the first step in creating a cash flow statement?

A. Record your expenditures
B. Record your income
C. Record insurance
D. Record credit card payments

User Ed Pike
by
5.7k points

2 Answers

3 votes

Answer:

Record your income

Step-by-step explanation:

What is the first step in creating a cash flow statement? A. Record your expenditures-example-1
User Gimelist
by
5.6k points
3 votes

Answer:

(B) Record all incomes

Step-by-step explanation:

  • A cash flow statement is a document that shows changes in balance sheets and income. It shows the breaking of analysis into operating/operation and financing and invest activities.

Income is the revenue a business earns from selling its goods and services

The first step is to record all the income the business has and/or makes.

User Haris Hamdani
by
6.3k points