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Read the question carefully.

What is a personal budget similar to?

A. Profit and loss statement
B. Bank statement
C. Parts and labor statement

Sagot :

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Final answer:

A personal budget is similar to a profit and loss statement as both track income and expenses for financial assessment.


Explanation:

A personal budget is similar to a profit and loss statement as they both track income and expenses over a specific period of time to assess financial health. Just like a profit and loss statement, a personal budget helps individuals see where their money is coming from and where it is going, allowing for better financial management.


Learn more about Personal Budgeting here:

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A personal budget is similar to a profit and loss statement as they both track income and expenses over a specific period of time to assess financial health. Just like a profit and loss statement, a personal budget helps individuals see where their money is coming from and where it is going, allowing for better financial management.

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