Do you know your Balance Sheet, Cash Flow, Income Statement?

Today, the earning of a common man is increasing even a little according to earlier, many people know how to earn money but do not know how to manage it well, so let's know how to manage money.

If you want to do good money management, then you must know about balance sheet, cash flow, income statement,

Income Statement:

Income statement means from where your income is generated and how much it is, we call it income statement, like the monthly salary of employed people, it is usually seen in the category of income statement.

Now there is another balance sheet

In the balance sheet, it is divided into two parts, the first is your asset, that is, your ownership.

And the second part is liability means how much is owed on you or which we also call burden in common language.

In the balance sheet sheet, it is clearly known that how much is your total expenses or loan on you and how much is your property,

For example: asset means your investments, bank savings, gold, land / space and many more.

Now your assets also have two types,

The first movable property, which means that we can easily transfer it somewhere or such as gold, stock, shares, FD and the second immovable property means that we cannot transfer that property to a different place, such as house, plot, plot, empty land

So keep a document or record of all these which we call balance sheet

And now finally, cash flow means flow of money, means transfer of money, business, in this we see how much money is given every month, every year, how and where it has happened or is happening, in cash flow. It is most important how we manage the cash flow

If you have information about all these, then you should not face any problem in managing your money because these are the most basic and important things.

If you know how much income you get for the month and how much your total expenses are for the month and how much asset you have and how much liability you have, then you will get a simple idea of your budget planning.

So if you know all this then very good. If you do not know, then find out your balance sheet, cash flow, income statement today and manage your money yourself.

For more information you can visit cbloan.in