Ch 2 worksheet answer - CCN1021 Personal Financial Planning Worksheet#2 Ch 2 Money Management Skills TRUE-FALSE 1 FALSE Most financial records should be

Ch 2 worksheet answer - CCN1021 Personal Financial Planning...

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CCN1021 Personal Financial Planning - Worksheet #2 Ch 2 Money Management Skills TRUE-FALSE 1. FALSE - Most financial records should be kept in a safe-deposit box. 2. TRUE - A personal balance sheet reports the financial position of a person or family on a given date. 3. FALSE - Assets represent amounts owed to others that must be paid within the next year. 4. TRUE - Spending less than your income will increase net worth. 5. TRUE - A budget deficit exists when actual spending exceeds projected spending. Put the following items in the balance sheet. Assets: Liabilities: Cash on hand $ 75 Primary residence 105,000 Utilities $ 100 2011 Toyota 7,500 Bank credit cards 1,200 Jewelry 2,000 Auto loan
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