Income and expenses

INCOME AND EXPENSES

WHAT IS INCOME

INCOME IS ANY MONEY YOU EARN AS AN EXCHANGE FOR A SERVICE OR GOODS

WHAT IS A SERVICE?

A SERVICE IS DOING SOMETHING TO HELP SOMEONE.
DOCTORS
LAWYERS
TEACHER ETC

WHAT ARE GOODS?

ANYTHING SOLD IN A SUPERMARKET.
E.G COLA
MAIZE
FRUITS

RENT
ELECTRICITY
WATER
FOOD

​EXAMPLES

ANYTHING WE HAVE TO PAY FOR AND TAKES YOUR MONEY OUT OF YOUR BUSINESS.

WHAT ARE EXPENSES

Multiple Choice

What is the following

1. 1. Electricity

• Income

• Expense

• Non of the above

Multiple Choice

What is the following

1. 1. water

• Income

• Expense

• Non of the above

Multiple Choice

What is the following

1. 1. food

• Income

• Expense

• Non of the above

Multiple Choice

What is the following

1. 1. Salary

• Income

• Expense

• Non of the above

Multiple Choice

What is the following

1. 1. Wages

• Income

• Expense

• Non of the above

Multiple Choice

What is the following

1. 1. Consultation

• Income

• Expense

• Non of the above