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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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cash-flow statement.

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User Richie Mackay
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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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User Campa
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