Personal Finance (MindTap Course List)
Personal Finance (MindTap Course List)
13th Edition
ISBN: 9781337099752
Author: E. Thomas Garman, Raymond Forgue
Publisher: Cengage Learning
Question
Book Icon
Chapter 3.3, Problem 1CC
Summary Introduction

To Explain: Advantage of keeping a good financial record.

Concept Introduction: Financial record is also known as an accounting record. Accounting is a simple process of recording all the transactions of the person. Accounting gives a clear image of financial position of the person.

Blurred answer
Students have asked these similar questions
What should be done to get the most up-to-date financial information?
Who among the internal users need financial information the most?
Suggest one or two methods that could be used to organize and quickly access personal financial documents and records.
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Personal Finance
Finance
ISBN:9781337669214
Author:GARMAN
Publisher:Cengage
Text book image
Pfin (with Mindtap, 1 Term Printed Access Card) (...
Finance
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Cengage Learning