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2. Loss

  • When the expenditure is more than the revenue
  • Revenue is more than the expenditure

3. Revenue?

  • MOney coming IN the business
  • Money goin gout of a buiness

4. Balance Sheet?

  • The statement of the total assets and liabilities of an organisation at a particular date.
  • The money displayed on a piece of paper from the previous week.

5. What is an LTD?

  • A private limited company owned by lots of people, who each own a piece.
  • a public limited company
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