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What else can I help you with?
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
How do you monitor and control actual expenses and revenue against projected expenses and revenue?
how to monitor and control expenses against budget/
What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
Is it true that a loss occurs when your revenue exceeds your expenses?
False, revenue is gain
Who pays the governments expenses?
The government pays its expenses from the revenue it obtains through taxing the people it governs.
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
What is the term used to define when government revenue is lower than government expenses?
Budget surplus.
What is the term used to describe the difference between revenue and expenses?
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
What is meant by a revenue law?
revenue law is a law pertaining to the collection of taxes to cover government expenses. They collect these taxes and place them into the treasury.
How do you monitor and control actual expenses and revenue against projected expenses and revenue?
how to monitor and control expenses against budget/
What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
Define the term budget?
Its classed as an estimation of the revenue and expenses over a specified future period of time
What is Revenue Deficit?
When the money coming in (revenue) is not enough to cover expenses.
Definition of net income?
The amount by which revenue exceeds expenses. If expenses exceed revenue it is a net loss.
