Preparing a budget for your festival
1 What do you understand by the term ‘expenditure’?
How much you are allowed to spend, the actual payment of cash or cash equivalent for goods or services. It is a payment or the promise of a future payment.
2 What do you understand by the term ‘income’?
How much money you earn at the end of the day (profit). It is also the amount of money you have earned through various types of work.
3 We dont make any profit or get any income.
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