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It Is Helpful to Analyze the Total Dollar Value as Well

question 21

Short Answer

It is helpful to analyze the total dollar value as well as the percentage of the total amount for each major ______________________________ category.


Definitions:

Expenses

The outflows or consumption of assets or incurring/liabilities (creating a liability) from a company's operations aimed at generating revenue.

Revenue

The total income generated from normal business operations, including sales of goods and services before any expenses are subtracted.

Withdrawals

The removal of funds from a bank account or the taking out of cash or assets from a business by its owner for personal use.

Assets

Economic resources owned or controlled by a business, expected to bring future benefits.

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