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What is the money remaining after paying for necessities called?
deposite income
What is after all expenses are subtracted the amount of money left after a sale is called a?
profit
Differnce between outstanding expenses and prepaid expenses?
prepaid expenses are paid in advance and they are called current assets.The outstanding expense is the unpaid money,still owed.
Money left after a business pays expenses?
1. Money left after a business pays expenses
What is difference between expenses and losses?
A business (company or individual) earns money - called earning or revenue. To earn this, the entity incurs expenses - such as material, salaries, telecom costs. When you subtract the expenses from the revenue, the result is called 'profit', if it is positive, and 'loss', if negative. So the difference is - expenses are the costs incurred by a business, and loss is the difference between earnings and expenses, (if expenses are more than revenues).
What is setting aside money for savings prior to paying monthly expenses called?
Setting aside money for savings prior to paying monthly expenses is commonly referred to as "paying yourself first." This financial strategy involves prioritizing savings by allocating a portion of income to savings or investment accounts before addressing other expenses. This approach helps ensure that savings goals are met and fosters better financial discipline.
What does expenditure meaning?
paying out or spending
What are your monthly money expenses?
My monthly money expenses include rent, utilities, groceries, transportation, and other necessary bills.
What is the term for Money left to spend after necessary expenses are paid?
Discretionary Income
What is the process of paying a bank to let you borrow money called?
The process of paying a bank to let you borrow money is called "interest."
Put the steps in the correct order to show how to put together a personal budget Add up all of your sources of income Figure out how much money you're spending Categorize your expenses to?
*total your income *figure out how much money you are spending. *categorize your expenses to show where your money goes. *determine if your expenses are above or below your income. *reduce expenses in flexible categories to save or increase savings
Can a lawyer law be a billionaire?
Even the most high profile attorney is unlikely to reach billionaire status. Although lawyers do make substantial amounts of money, there are also big expenses such as paying interns, paying researchers, having a staff, paying off law school, and paying for office expenses.
What is the money called that is left over after paying for the necessities?
The money left over after paying for necessities is commonly referred to as "disposable income." This is the amount available for saving, investing, or spending on non-essential items. It represents the financial flexibility individuals have after covering their essential expenses, such as housing, food, and transportation.
Money that is earned after expenses is taken out is called?
Profit.
What is a definition spending power tourist?
If you have money to spend after paying taxes and all expenses, you have spending power according to the amount of money you have left over. A tourist with spending power has money to spend after all travel expenses are paid or accounted for.
What is the money that is left over after all of the business expenses are paid called?
ProfitMoney that is left after all business expenses are paid is called profit.
Give an example of a Proof of cash?
Anything that requires money is a proof of cash.. the payment for the expenses, or anything you get through the use money is a proof of cash: buying, use of transportation expenses, paying for the services rendered, collection of income etc.
