Revenue Expenditure Flashcards
1
Q
Revenue Expenditure
A
Day to day costs in running a business
2
Q
Inventory
A
Raw materials, finished products, supplies required to run a business
3
Q
Salaries and wages
A
Annual sum of money divided into equal monthly payments
Hourly rate paid to an employee
4
Q
Rent
A
Only paid by businesses that dont own the property
5
Q
Interest paid
A
On mortgages and loans
