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The costs of goods and services used in the process of earning revenues are called?
Wiki User
∙ 9y ago
A business or company has expenses. Expenses include the costs of goods and services that are used in the process of earning revenues.
Wiki User
∙ 9y ago
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The process of creating goods and services to satisfy human wants and needs is?
It is called production.
What is a lack of goods or services called?
what is a lack of goods and services called
Spending more money on imports then earning on exports is called what?
Trade surplus
What is a cost that stays constant for a process?
This is called a fixed cost.In economics, fixed costs are business expenses that are not dependent on the level of goods or services produced by the business.
Briefly discuss Profit with the help of example?
The positive difference between revenues and cost is called profit and is claimed by the entrepreneur.
What is the process of earning your income sometimes called?
Earning a living.
Decreases in retained earnings that represent costs of assets or services used to earn revenues are called what?
expenses
What is book balancing called?
The process of recording transactions , revenues and expenses on a company's books, and the reconciling thereof is called balancing.
Matching revenues and expenses refers to?
Matching revenues and expenses is called "Matching concept" of Accounting.
The process of creating goods and services to satisfy human wants and needs is?
It is called production.
Are accounts payable and income fees called revenues?
yes
What is it called When tax revenues exceed expenditures?
Budget Surplus
What is it called when expenses are greater than revenues?
Loss or a deficit.
What is it called When a business's expenses are greater than its revenues?
jh
How do you compute gross profit?
Gross profit is the difference btwn trading revenues (i.e. sales, closing stock etc.) and trading expenses (i.e. purchases. opening stock, freight, wages, etc.) + Earned Revenues (from the sale of the usual business products or services) - Cost of Goods Sold (the direct cost of the business product or services that were sold above) -------------------------- = Gross Profit (also called Gross Margin)
In UNIX terminolgy a listener process that operates on a server to handle incoming requests for services is called a what?
Daemon
What is the portion of the revenues of a cathedral granted to a member of the clergy called?
prebend
