Examlex
List some common examples of principal and income items.
Flexible Budget
A financial tool that adjusts according to changes in the output or activity level, providing a more accurate comparison to actual results.
Actual Level
Represents the real, measured level of activity, production, or performance, as opposed to estimated or planned levels.
Revenue Variance
Revenue variance is the difference between actual revenue and budgeted or forecasted revenue, indicating the effectiveness of a company’s sales strategies.
Units Sold
The quantity of products or services sold by a company during a specific period of time.
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