click below
click below
Normal Size Small Size show me how
household budgets
| Term | Definition |
|---|---|
| budget | a financial plan which sets out expected future expenditure AND income |
| balanced budget | if income is equal to expenditure |
| budget deficit | if income is less than expenditure |
| budget surplus | if income is greater than expenditure |
| Opening cash | |
| Net cash | |
| closing cash |