Expenses more than income is called "Loss" Income over expenses called "Profit"
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
Discretionary Income Discretionary income = Gross income - taxes - all compelled payments (bills) Reference: http://en.wikipedia.org/wiki/Disposable_and_discretionary_income
Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.
what is income that is not subject to taxes, also called "tax exempt income?"
Profit, Money in, Income
Expenses more than income is called "Loss" Income over expenses called "Profit"
An expense is money you pay to but something, a good or a service.A loss is when you balance expenses against income and find out that there was less income than your expenses.
gross income minus expences = net profit. happy accounting David G.
There is not set relationship between salary and expences
outstandindg expences journal entry expences a/c dr to outstanding expences a/c
Over time The President has gained at the expences of the congress
Disposable income.
Expences head a/c To, expences payble account
income over expenditure is profitexpenditure over income is loss
The excess of income over expenditures is known as Savings. S= Y(d)-C Where; S= Savings Y(d)= Disposable Income C= Consumption Expenditures
working