Examlex
What is a budget and how is it used by the owner of a new business?
Salary Allowance
A predetermined amount paid to employees, which may be part of their salary package, often for specific purposes or expenses.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profitability.
Capital Balances
The amount of equity owned by investors or owners in a company or fund.
Net Loss
The amount by which total expenses exceed total revenues in a given period, indicating a financial loss for the business.
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