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Income and Expenditure 1st Year Business

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  • Capital or Current Expenditure? : Groceries
    Current
  • Electricity Bill
    Irregular Expenditure
  • Casual/Temporary Work
    Irregular Income
  • Monthly phone plan
    Fixed Expenditure
  • Pension
    Regular Income
  • Mortgage
    Fixed Expenditure
  • Cinema Trip
    Discretionary Expenditure
  • Netflix Subscription
    Discretionary Expenditure
  • What is Irregular Expenditure?
    Household bills where the amount changes depending on how much of the item we use
  • New Clothes
    Discretionary Expenditure
  • Monthly student gant
    Regular Income
  • Overtime
    Irregular Income
  • What is regular income?
    Income received every month/week
  • Lottery Win
    Irregular Income
  • Free Motor Insurance
    Benefit in Kind
  • Groceries
    Irregular Expenditure
  • Capital or Current Expenditure? : TV
    Capital
  • What is capital expenditure?
    Long-Term Once off spending
  • Christmas Bonus
    Irregular Income
  • Gas Bill
    Irregular Expenditure
  • Capital or Current Expenditure? : Fridge
    Capital
  • Inhertitance
    Irregular Income
  • Capital or Current Expenditure? : Phone Credit
    Current
  • Capital or Current Expenditure? : Couch
    Capital
  • What is fixed expenditure
    Household bills where the amount stays the same.
  • What is Discretionary Expenditure?
    Non-essential items that you should only buy if you have money left over
  • What is irregular income?
    Income recieved once off or now and again
  • Jobseekers Allowance
    Regular Income
  • What is current expenditure?
    Day to day or short term spending
  • Overtime
    Irregular Income
  • Free Food
    Benefit in Kind
  • Child Benefit
    Regular Income
  • Sale of PS4
    Irregular Income
  • Company Car
    Benefit in Kind
  • Rent
    Fixed Expenditure
  • Capital or Current Expenditure? : Fuel
    Current
  • What is Benefit in Kind?
    Non-cash form of income
  • Renting a Room
    Irregular Income
  • Salary
    Regular Income
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