Flashcards for Income & Expenditure

Question	Answer
A record of income, expenses or both.	Statement
Money a person receives (gets) everyday or every week for doing a job.	Wages
To work hard for something you want.	Earn
Where people live. All under the same roof.	Household
A written record that proves (says it's true) something.	Record
Using money carefully. Not spending it on things you don't need.	Thrifty
Amount of money left after deducting (subtracting) the total expenses from the total income.	Savings
Money a person receives (gets) for doing a job.	Income
Money a person owes (has to pay back) to a company or another person.	Debt
Money given in exchange for goods or services.	Expenditure
A plan for how to spend and save money.	Budget
Money a person receives every month for doing a job.	Salary

Resource summary

	Created by Teacher Scott 12 months ago