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What is a record of income and expenditures for a particular period?
net worth is the total assets minus total outside liabilities of
an individual or a company. For a company, this is called
shareholders’ preference and may be referred to as book value. Net
worth is stated as at a particular year in time. …
What is a record of income and expenditures for a particular period – A profit and loss statement (P&L). or. an income statement. A cash flow is the "inflow and outflow of cash during a given time period".Answer: Also known as the profit and loss statement or the statement of revenue and expense, the income statement primarily focuses on company's revenues and expenses during a particular period. Explanation: If it's correct then plzzz mark it as the Brainliest.Expenditure is a reference to spending. Of the two, the expenditure approach is cited more often. Keynesian theory places extreme macroeconomic importance on the willingness for businesses The main difference between the expenditure approach and the income approach is their starting point.
the statement of income and expenditure for the particular period… – Tax expenditures are tax provisions that are exceptions to the "normal structure" of individual and corporate income tax necessary to collect Both Treasury and JCT estimate the revenue loss for each tax provision they have identified as a tax expenditure.9 For a particular tax expenditure provision…This is used to record the income and expenditure of a business so as to establish the profit or loss of the business for a given period. A field that uniquely identifies a particular record in a table is called a primary key. The field or fields on which records are sorted is called the sort key.1.Walk me through the 3 financial statements. "The 3 major financial statements are the Income Statement, Balance Sheet and Cash Flow Statement. The Income Statement gives the company's revenue and expenses, and goes down to Net Income, the final line on the statement.
How Do You Calculate GDP With the Expenditure Approach? – Start studying Recording Income and Expenditure.. Learn vocabulary, terms and more with flashcards, games and other study tools. records all the money received and paid out by the household during a particular period. Why keep income and expenditure records?Depreciation is recorded on the income statement. DR Depreciation Expense CR Accumulated NOTE: Amortization is a periodic charge which happens regularly during a period while Impairment is A $6K capital expenditure, for example, depreciates at $100 per month, assuming a straight-line…To this end, all types of income and expenditures relevant to the period are taken into consideration. The value of an income and expenditure statement, whether for a recently completed time period or as a projection for an upcoming period, is to have some idea about the…