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What else can I help you with?
Is credit income or expenditure?
Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
What is the profit and loss account of charity normally called?
Income and expenditure account
What is the use of assets to earn income or profits called?
investment
What is between revenue and expenditure?
revenue is income and expenditure is an expense
What is an account that has a debit balance?
Debits accounts normally comprise: Assets (in the balance sheet) Expenditure (in the income statements). Within assets may be that account such as value of a building lower than purchased thus a debit acct.
What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
How to calculate the burden ratio of bank?
(Non Interest Op Expenditure - Non Interest Income)/ Average Assets
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
Where would The capital expenditure would appear on?
The capital expenditure would appear on the balance sheet of a company. It is typically listed under the category of "Property, Plant, and Equipment" or "Fixed Assets."
What is the profit and loss account of charity normally called?
Income and expenditure account
What is the difference between income and expenditure incurred?
Inflow of money is income . Outflow of money is expenditure
Is it possible to have a negative net income and positive cash flow?
Yes and No. If the method of accounting followed is Mercantile, Yes. If the method of accounting followed is Cash System, No. In Mercantile method of Accounting, Negetive Income represents the excess of expenditure over income. In this method; Income and Expenditure considered are on accrual basis, i.e., income or expenditure is taken as such in the books of account; the moment a right to receive income or a liability to pay for expenditure has crytallised. The movement fo cash into the business or out of business is not the criteria. Therefore, inspite of a negative income in a particular year, a business may have a positive Cash flow on account of excess of cash flow arising out of previous years income, which is held as an asset in the form of Sundry Debtors, over the payments made in respect of previous years expenditure which is held as a liability in the form of Sundry Creditors on the balance sheet.
What is a money bill?
Any bill relating to income and expenditure is called a money bill.
What is money bill?
Any bill relating to income and expenditure is called a money bill.
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 the use of assets to earn income or profits called?
investment
