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What is it called when your income outweighs your expenses?
Lucky!
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 are expenses such as rent heat water electricity called in economics?
operating expenses
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.
Distinguish between outstanding expenses and unexpired expenses?
Those expenses which have been paid in advance and whose benefit will be available in future are called unexpired or prepaid expenses. e.g. insurance premium The expenses remaining unpaid at the end of the accounting period are called outstanding expenses.Certainly expenses like salaries,rent etc. of the every month will be paid in the next months. By ADITYA (UPES)
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"
What is it called when your income outweighs your expenses?
Lucky!
What is it called when your expenses exceed your income?
UNSUCCESSFUL
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
Is revenue part of an income statement?
Yes revenues and expenses are part of income statement and difference between revenue and expenses is called net income or loss.
What is it called when income is more than expenses?
profit
When income exceeds expenses the difference is called?
penis
What is the amount by which income is greater than expenses called?
The amount by which income is greater than expenses is called profit. It represents the financial gain a business or individual makes after all expenses have been deducted from total income. Profit is a key indicator of financial health and performance.
What is it called when your expenses are greater than your revenues on an income statement?
loss
What is it called when your expenses are greater than your revenue on an income statement?
loss
Formula for operating income?
Operating income is equal to total revenues minus cost of goods sold, labor, and general expenses. Operating income is called Earnings Before Interest and Taxes. What is not included in expenses to be calculated in operating income is one time expenses, legal settlements, or adjustments.
