Income and expenditure part 3

What does the word sales mean in business?

• loss

• is money that a business gets from selling products or

  services.

• revenue

• products

_____________ is the total amount of products or services sold over a certain amount of time. The more a business sells, the

more money it receives.

• sales

• Sales turnover

• capital income

• revenue income

_____________is when the customer pays for the product

or service immediately

• credit sales

• cash sales

• profit

• sales turnover

__________ is when the customer buys the product or

service but pays for it at a later date.

• profit

• credit sales

• loss

• expenditure

What does the word expenditure mean in business?