How do I differentiate between expenses and income from income and expenditure or receipts and payments?

wandaspatft537Bywandaspatft537
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Giota210
Giota210
1 year ago
  • Payment : Cash/book money outflow
  • Issue : Reduction of money (less cash/money claims are less/payable)
  • Costs : In order to reduce operating assets (eg depreciation on purchased items, etc., but also affects the two points mentioned above)
  • Deposit : Inflow of means of payment
  • Income : Increase in financial assets
  • Yield : Operational increase of operating assets
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