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business studies
budgeting p1 jc
| term | definition |
|---|---|
| budget | plan to estimate future income and expenditure |
| deficit | icome is less than expenditure minus figure |
| surplus | income greater than expenditure plus figure |
| net cash | total income - total expenditure=net cash |
| debit | always on the left=money in |
| credit | always on the right=money out |