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Loss is the difference between sale and cost when cost is more than sale.
i.e
Loss = Cost - Sale
Expenditure is the amount that is spent on any transaction.
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What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
What is the relationship between aggregate expenditure and real GDP?
There is a direct proportional relationship between aggregate expenditure and real GDP. Aggregate expenditure is actually equal to real GDP. This is different from the planned expenditure.
What are the different problem approaches in computing GNP?
Expenditure Approach and Income Approach.
What is irregular expenditure?
what is irregular expenditure
Can expenditure component be negative?
Can an expenditure component be negative
What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
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
Why is it necessary to distinguish between capital and revenue expenditure?
Then only they find the real profit or loss and financial position of the businessBecause the capital expenditure will take place to Balance sheet and revenue expenditure will go to profit and loss account. Capital expenditure also called asset of the business. These expenditure also called non-recurring nature expenses.Revenue expenditure also called recurring nature expenses.
Why is it necessary to distinguish between capital and revenue?
Then only they find the real profit or loss and financial position of the businessBecause the capital expenditure will take place to Balance sheet and revenue expenditure will go to profit and loss account. Capital expenditure also called asset of the business. These expenditure also called non-recurring nature expenses.Revenue expenditure also called recurring nature expenses.
What happens if energy intake is less than energy expenditure?
weight loss.
What is the profit and loss account of charity normally called?
Income and expenditure account
What is the relationship between aggregate expenditure and real GDP?
There is a direct proportional relationship between aggregate expenditure and real GDP. Aggregate expenditure is actually equal to real GDP. This is different from the planned expenditure.
What is virement in public fund management?
tranfer of funds from unspending expenditure to different part of the same expenditure line
By what basic principle do all diets work?
Energy intake < energy expenditure = weight loss.
What is the synonym for consumption?
using up, use, loss, waste, expenditure, exhaustion, depletion, dissipation
What is war price?
The expenditure incurred in a war in monetary term. The loss incurred by destruction of infrastructure and life.
Deferred revenue expenditure?
Deferred expenditure refers to expenses incurred which do not apply to the current accounting period. Instead, they are debited to a 'Deferred expenditure' account in the non-current assets area of your chart of accounts. When they become current, they can then be transferred to the profit and loss account as normal.
