Question

drag the tiles to the correct boxes to complete the pairs
match the explanations to the personal financial statements
personal cash flow statement income tax forms
balance sheet payslub
it is the most commonly used personal financial statement when
applying for a loan.
it calculates an individuals disposable cash
it contains all details of an individuals salary
it is collected by the internal revenue service (irs)

Explanation:

• Balance Sheet: When applying for a loan, lenders assess an individual's financial position (assets and liabilities), which is shown on the balance sheet.
• Personal Cash Flow Statement: This statement tracks income and expenses to calculate disposable cash (income - expenses).
• Paysub: It details an individual's salary, including gross pay, deductions, and net pay.
• Income Tax Forms: These forms (e.g., W - 2, 1040) are collected by the IRS for tax - related purposes.

Answer:

• "It is the most commonly used personal financial statement when applying for a loan." → Balance Sheet
• "It calculates an individual's disposable cash" → Personal Cash Flow Statement
• "It contains all details of an individual's salary" → Paysub
• "It is collected by the Internal Revenue Service (IRS)" → Income Tax Forms