A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
income over expenditure is profitexpenditure over income is loss
Inflow of money is income . Outflow of money is expenditure
revenue is income and expenditure is an expense
Income is money coming in, expenditure is money going out (spending).
Yes
income statement
Savings are a leakage from the income expenditure stream because they drain on the economy
Income is Rs108000. If profit is 45%, then expenditure is 55% Hence expenditure is 55% of Rs108000, or Rs59400.
This is the difference between Income and Expenditure in a non-profit making business, where the income exceeds expenditure
Income - is any money being paid into the business. Expenditure is anything paid out - from a paper-clip to a company car
The basic principle is this. Income exceeds expenditure = PROFIT Expenditure exceeds income = LOSS No profit or loss = BREAK-EVEN