G3 - G4 FL6

Any money paid for buying goods and services is known as ______.

• profit

• income

• expense

Money received on birthdays are called _______.

• needs

• income

• wants

________ expenses are the expenses that can change from time to time.

• Fixed

• Essential

• Variable

_____ expenses stay the same every month.

• Non-essential

• Fixed

• Variable

______ involves recording of all income & expenses.

• Income book

• Expense sheet

• Journal