MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 2 terms
MindTap for Garman/Forgue's Personal Finance Tax Update, 13th Edition [Instant Access], 2 terms
13th Edition
ISBN: 9780357438909
Author: Garman; E. Thomas; Forgue; Raymond
Publisher: Cengage Learning US
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Chapter 3.3, Problem 1CC
Summary Introduction

To Explain: Advantage of keeping a good financial record.

Concept Introduction: Financial record is also known as an accounting record. Accounting is a simple process of recording all the transactions of the person. Accounting gives a clear image of financial position of the person.

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