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Finance-Spending Unit
vocabulary on Stmt of Fin Pos, Income/Exp, Spending Plans
4
Accounting
11th Grade
10/30/2013
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Term
Income
 Definition
Money received from earned wages or donations
Term
Expenses
 Definition
Money paid out
Term
Income and Expense Statement
 Definition
A document that statements your past financial transactions; tells where money came from and where it went.
Term
Statement of Financial Position
 Definition
A document that states your present financial position and net worth.
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