Multiple Choice QuestionThe inflow and outflow of cash during a given period is called:Multiple choice question.incomebalance sheetcash flowassets

Break Down the Problem

1. Identify the terms provided in the multiple choice options.
2. Understand the definitions of each term particularly related to cash movement.

Relevant Concepts

1. Income: Refers to revenue earned over a period, not specific to cash flow.
2. Balance Sheet: A financial statement that captures assets, liabilities, and equity at a specific point in time, but does not reflect cash flow.
3. Cash Flow: Specifically addresses the inflow and outflow of cash during a period, crucial for assessing financial health.
4. Assets: Items of value owned by a business; does not directly refer to cash movements.

Analysis and Detail

• Cash flow is the term that accurately describes the movement of cash in and out of a business over a period, capturing both income received and expenses paid.

Verify and Summarize

• The only option that specifically refers to both inflow and outflow of cash is cash flow.

Final Answer

The inflow and outflow of cash during a given period is called cash flow.