Top 5 Best Creative Problem-Solving Techniques for Students.

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This post first appeared on Ayi Post. If you are a student, creative problem-solving techniques should be of high interest to you. Because in school, you're constantly solving problems, ranging from tackling tricky examination questions to managing group projects and finding time for everything including your personal well-being.  You might have realized that all school related problems are solved by memorizing formulas or following a rubric. Sometimes, you need to think differently. And that’s where creative problem-solving techniques come in. What are creative problem solving techniques? These are methods to help you generate fresh ideas, approach challenges from new angles, and find solutions when the “usual” ones- the ones you’re familiar with - don’t work. In this post, we’ll explore the top five best creative problem-solving techniques for you as a student, share real examples and tips you can start using today. Let’s  dive in.  Why do students need creative problem...
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What Is Personal Income Statement ?

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What is personal income statement?

A personal income statement is a statement of activity that shows the revenues and the expenses for a stipulated period of time, usually one year.

What are your revenues?

Revenues are either immediate positive cash flows (increase in cash from cash transactions) or expected positive cash flows (usually from credit transactions) from your activities or transactions.

What are expenses?

Expenses bring about either an immediate cash flow (a decrease in cash) or an expected cash flow from your cash asset. Expenses are the costs of the goods and the services you buy either on cash basis or on credit basis.

Revenues produce positive cash flows (an increase in cash). The positive cash flows could be from the present, past and future activities. Expenses produce negative cash flows (a decrease) from present, past and future transactions.

Income is the difference between revenues and expenses for a stipulated period of time.

Your personal income statement also known as personal earnings statement is a financial statement that should under normal circumstances, show your profitability for a stipulated period of time.

How to prepare personal income statement?

Personal income statement is prepared by  deducting total expenses from total revenues. 









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