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Principles of Financial Planning

Question 10 • Personal Finance - EL3403

To ensure that accurate tax information is filed, it is important to maintain .

Answer
A
a financial plan
B
good records
C
spreadsheets

Explanation

Good records help you track income, expenses, and other tax information accurately throughout the year. A financial plan or spreadsheets may be useful, but neither alone ensures that tax details are complete and correct. The best answer is “good records.”

AI-written and checked against the verified answer.

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