Income - This is the money the business receives, Expenses - This is the money that the business spends, Sales - This is an example of income. It is the money made from selling their products/services, Rent - This is a business expense. It is when the business does not own the building, but they pay someone else money to use it, Advertising - This is a business expense. It is how the business makes customers aware of their product/service, Overspending - A cash budget helps to prevent this. It is when the business spend too much money., Cash Budget - This is the document that business uses to control the income and expenses.,
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Budgeting 2
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