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Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure
income over expenditure is profitexpenditure over income is loss
A sample cash budget will just indicate the various sources of revenue and how it is to be spent. A cash budget is influenced by previous income and expenditure ventures.
Some examples of income and subscription payments. An example of expenditures include lease payments and payroll. Income and expenses varies depending on the type of business.
Inflow of money is income . Outflow of money is expenditure
The income-expenditure identity states that in an economy, total income equals total expenditure. This means that the amount of money earned by individuals and businesses is equal to the amount of money spent on goods and services.
revenue is income and expenditure is an expense
A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
Income is money coming in, expenditure is money going out (spending).
Yes
income statement
Savings are a leakage from the income expenditure stream because they drain on the economy