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business
chapter 3
Term | Definition |
---|---|
budget | a plan of our planned income and expenditure |
budgeting | the process of matching our planned expenditure with our planned income |
net cash | total income minus total expenditure |
unbranded | goods that are not made by a well known manufacturer |
budget surplus | when our income is greater than our expenditure |
budget deficit | when our expenditure is less than income |