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loan purchase old bus how will enter the accountbook loan purchase old bus how will enter the accountbook

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Is credit income or expenditure?

Credit is neither an income or an expenditure. It becomes an expenditure when you use it. expenditure


What do you mean by income over expenditure or expenditure over income?

income over expenditure is profitexpenditure over income is loss


What is a sample cash budget?

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.


Sample of income and expenditure accounts small business?

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.


What is the difference between income and expenditure incurred?

Inflow of money is income . Outflow of money is expenditure


What does the income-expenditure identity say about the relationship between income and 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.


What is between revenue and expenditure?

revenue is income and expenditure is an expense


What is income expenditure?

A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.


What is the difference between capital income and capital expenditure?

Income is money coming in, expenditure is money going out (spending).


Is it true for an economy as a whole. income equals expenditure because the income of the seller must be equal to the expenditure of the buyer?

Yes


Which financial statement summarises income and expenditure?

income statement


Is saving an injection into and investment a leakage from the income expenditure stream?

Savings are a leakage from the income expenditure stream because they drain on the economy