Question

A detailed description of the money your business makes and expends every month for the first year is called a(n)

A ) cash-flow statement.

B ) income statement.

C ) balance statement.

D ) bank statement.

Answer 1

Hello there,

A detailed description of the money your business makes and expends every month for the first year is called a(n)  

Answer: A ) cash-flow statement.  

Answer 2

Answer:

cash-flow statement ( A )

Explanation:

cash-flow statement gives the detailed description of cash receipts ( money received by the business)  and cash outflows( money spent by the business) expenses incurred in purchasing equipment,property and also cash paid in other form of acquisition are also imputed and it is necessary to be done or started before the end of the first year of every business. it shows the profit and loss made by the business as well