Financial Literacy Flashcards
1
Q
What 3 things does “financial literacy” consist of?
A
Accounting concepts
Income and expenses
Budgets
2
Q
What 12 things does “accounting concepts” consist of?
A
- Capital
- Assets
- Liability
- Income
- Expenses
- Profit
- Losses
- Budgets
- Savings
- Banking
- Financial records
- Transactions
3
Q
What 6 things does “income and expenses” consist of?
A
- Personal income
- Personal expenses
- Personal statement of Net Worth
- Business income
- Business expenses
- Business savings and investments
4
Q
What 4 things does “budgets” consist of?
A
- Income
- Expenditure
- Personal budget
- Business budget
