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What else can I help you with?
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
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
What is a personal budget in which expected income exceeds expected spending called?
A personal budget in which expected income exceeds expected spending is called a surplus budget. This type of budget indicates that an individual or household is projected to have more income than expenses, allowing for savings, investments, or debt repayment. A surplus budget is often seen as a positive financial situation, providing flexibility and opportunities for future financial goals.
What are the tax implications of gifting a business?
When gifting a business, there may be gift tax implications based on the value of the business. The giver may need to file a gift tax return if the value exceeds a certain threshold. The receiver of the gift may also have to consider income tax implications if they sell the business in the future. Consulting a tax professional is recommended to understand the specific tax implications of gifting a business.
What is Money called after left over when costs are paid?
Money that remains after all costs and expenses have been paid is commonly referred to as "profit" or "net income." In personal finance, it can also be called "disposable income" or "discretionary income," depending on the context. This leftover money can be used for savings, investments, or discretionary spending.
What happens when expenditure exceeds income?
We can say that the business is in profit
When income exceeds expenses the difference is called?
penis
What is the difference amount of expense over income called when income exceeds expense?
Expenses more than income is called "Loss" Income over expenses called "Profit"
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
Positive operating income will result if gross profit exceeds?
Positive Operating income will result if gross profit exceeds operating expenses
What is the distinction between operating and non operation income?
Income which is generated by normal business basic operating activities is called net operating income while other income then operating income is called non operating income like interest income or dividend income etc.
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
Net income will result if gross profit exceeds what?
expenses
How much is the standard income tax deduction?
answer: 1.income from salary is less than is rs.1.5 lacks ----40% of gross salary or 30000/- which ever is lower.2.income from salary exceeds rs. 1.5 lacks but does not exceeds rs. 5 lacks --- rs.30000/-3.income from salary exceeds rs. 5 lacks ---- rs. 20000/-
Where can business income opportunities be found?
Government organizations offers some knowledge about creating business income opportunities. If finding online, one can refer to the site called Yext.
