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If the income of a business exceeds its costs the money that remains is called the?
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∙ 6y ago
profit
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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
Stable income or stably income?
A stable income is an income that remains the same and can be counted on. This is very important when one has to support family and keep a home.
How much income is needed to buy a home?
While income is an important factor in the purchase of a new home, it is not the only criterion. However, generally, lenders will not loan money on a home where the payment exceeds 28 percent of a monthly income.
Difference between net income and revenue?
Revenue is all the money a business brings in. Net income is revenue minus all the expenses of the business. Net income is profit.
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 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 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.
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.
What is business income?
Business income is the amount of money received through your business.
