0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What happens when expenditure exceeds income?
We can say that the business is in profit
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What is between revenue and expenditure?
revenue is income and expenditure is an expense
Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
When income exceeds expenses the difference is called?
penis
What happens when expenditure exceeds income?
We can say that the business is in profit
What is a principle of basic financial management?
The basic principle is this. Income exceeds expenditure = PROFIT Expenditure exceeds income = LOSS No profit or loss = BREAK-EVEN
How do you make a profit?
By ensuring your income exceeds your expenditure
Distinquish between savings and financial surplus?
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is income expenditure?
A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
What is the difference between capital income and capital expenditure?
Income is money coming in, expenditure is money going out (spending).
Is it true for an economy as a whole. income equals expenditure because the income of the seller must be equal to the expenditure of the buyer?
Yes
Which financial statement summarises income and expenditure?
income statement
