A statement that records the income and expenditure of an organization such as a charity,whose main purpose is not the generation of profit.
We are spend RM 1000 in housing but bankrcupt
We can say that the business is in profit
Income - is any money being paid into the business. Expenditure is anything paid out - from a paper-clip to a company car
5% less than 100%. 5 cents from each dollar. 100 X 95% = 95