The management of individual or family finances is related to income and expenditure. While income signifies the transfer of money into the family, expenditure indicates spending of the money. Income can come in various forms such as wages, rent, interest and profit. Expenditure can occur on various things such as payments.
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Explanation:
The management of individual or family finances is related to income and expenditure. While income signifies the transfer of money into the family, expenditure indicates spending of the money. Income can come in various forms such as wages, rent, interest and profit. Expenditure can occur on various things such as payments.
Answer:
The management of individual or family finances is related to income and expenditure.
Explanation:
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