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How can you use accounting to manage your personal finances? What are the benefits of keeping...

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Accounting

How can you use accounting to manage your personal finances?

What are the benefits of keeping track of personal transactions– income and expenses – in an organized manner?  

What are some of the possible risks if you don’t keep track ofpersonal transactions?

Answer & Explanation Solved by verified expert
4.1 Ratings (860 Votes)
Accounting not only use by firms companies and business entity but also a individual can use to manage his personal finance A person perform so main personal financial transactions during a year like he earn income he spend his income on his needs and reaming money he save for future    See Answer
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