30
QuizMultiple Choice

Keeping Financial Records

Question 30 • Financial Math - MA2007 CR

Which method or methods listed below describe a solid system for keeping financial records? I. Making a mental note of all purchases made during the week. II. Recording money spent in a hand-held notebook. III. Organizing receipts and transactions on a computer.

Answer
A
I only
B
II only
C
II and III
D
I, II, and III

Explanation

A solid record-keeping system uses written or digital records that can be reviewed later. A hand-held notebook records spending, and a computer can organize receipts and transactions. Merely making a mental note is unreliable and does not create a dependable record, so the correct choice is “II and III.”

AI-written and checked against the verified answer.

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