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If a country has budget in which it spends less than it brings in it has a?
Surplus
When revenue is greater than expenses what is it called?
Loss or a deficit.
How do you calculate percentage of budget if have budget and spent?
to workout the effective relationship its budget/spend*100 = %. Where the % is 100 or less this means you are at or under budget (on budget is the target aimed for) where the % is greater than 100 you are spend is OVER budget.
What is greater than less than or equal to called?
Same as it is.
What is greater than and less than problems called?
An Inequality
What is the final step in creating a budget?
The final step to making a budget is to make adjustments so that your expenses are less than your income.
What is us deficite?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is the us deficit?
The difference, on a yearly basis, between the budget (expenses) for the federal government of the United States and revenues (income). When the expenses are more than the income, the difference is called the deficit. When the income is more than the expenses, the difference is called a surplus.
What is the definition of estimated expenses?
estimated expenses are expenses that are not actual or real. it may be more than or less than the ctual expenses
You are making a pie graph of the expenses in the Reed family budget. How much of the pie graph would be used to represent the amount spent on housing?
Less than Half.
Why a budget line sloping downward?
Because the expenses are greater than the income.
What is an accounting loss?
It is when revenues are less than expenses.
If accounts payable have increased during a period will the expenses on an accural basis be less than expenses on a cash basis?
expenses on an accrual basis are greater than expenses on a cash basis
What is the term used to define when government revenue is lower than government expenses?
Budget surplus.
What are 3 expenses other than the automobile payment?
Three main monthly expenses to keep track of: Rent Food budget Cable bill
What does it mean to have a budget?
That more was spent than was earned
Definition of budget deficit?
If the revenue is less than the expenditure, a budget is said to be in deficit. A budget is divided into 3: a. Surplus budget b. Deficit budget c. Balanced budget Surplus : REVENUE greater than EXPENDITURE Deficit : REVENUE less than EXPENDITURE Balanced : REVENUE equals EXPENDITURE
