Household Budget First year Business Studies. Starting Question 495 We always start with cash on...
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Household Budget First year Business Studies
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Transcript of Household Budget First year Business Studies. Starting Question 495 We always start with cash on...
Starting Question
495 495
We always start with cash on hand in this question. It is entered twice at the bottom of our answer page
Income
• This is an account of all the money that the family receives
• It is usually made up of wages, child benefit and possibly something like interest from a bank.
• It is usually given in the from of each individual in the family
Planned Expenditure
• This is made up of all three categories of expenditure that the family might have:– Fixed– Irregular– Discretionary