Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 1-13 a record of income and expenditures for a given period of…

Question

question 1-13 a record of income and expenditures for a given period of time is called a/an. credit budget investment interest

Explanation:

Brief Explanations
  • Credit refers to a borrowing arrangement or positive account balance, not a record of income/expenses.
  • An investment is putting money into assets to gain returns, not a tracking record.
  • Interest is the cost of borrowing or return on lending, unrelated to this record.
  • A budget is specifically a plan or record that outlines income and expenditures over a set time period, matching the definition in the question.

Answer:

B. Budget.