Question

The family should maintain the record of household expenditure because:(a) It helps in checking wasteful expenditure(b) It helps to compare past and present prices of products(c) It ensures systematic spending of money(d) All of the above

Answer 1

(d) All of the above

Answer 2

The correct answer will be d) all of the above.

In order to get the true and fair view of the expense incurred in the family it is required that we maintain a detailed log of how much money is being spent.

This helps us in eliminating the wasteful expenditures in future and also helps us in saving more money for future uses.