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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
What is income and expenditure flow?
Income and expenditure flow refers to the movement of money into and out of an entity, such as an individual, business, or government. Income represents the funds received, typically from sources like wages, sales, or investments, while expenditure encompasses the money spent on goods, services, and obligations. This flow is crucial for budgeting and financial planning, as it helps assess the entity's financial health and sustainability. Understanding this flow allows for better management of resources and informed decision-making.
Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
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 does the income-expenditure identity say about the relationship between income and expenditure?
The income-expenditure identity states that in an economy, total income equals total expenditure. This means that the amount of money earned by individuals and businesses is equal to the amount of money spent on goods and services.
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).
Why does aggregate income equal aggregate expenditure?
Aggregate income equals aggregate expenditure because, in an economy, every dollar spent on goods and services (expenditure) generates an equivalent dollar of income for someone (income). This relationship is rooted in the circular flow of income and expenditure, where households receive income from firms in exchange for labor and then spend that income on goods and services produced by those firms. Thus, total spending in the economy matches total income generated, ensuring that aggregate income and aggregate expenditure are equal.
