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30 September, 11:25

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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  1. 30 September, 12:16
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    cash-flow statement.
  2. 30 September, 14:31
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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.
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