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His total monthly expenses are 9 350.
Income and expense statement personal finance. Start studying personal finance income and expense statement. Learn vocabulary terms and more with flashcards games and other study tools. Learn vocabulary terms and more with flashcards games and other study tools. Start studying personal finance 2 04 income expense statement.
Why use a personal financial statement. In personal finance income is what is earned as wages or salary and as interest or dividends and expenses are the costs of things consumed in the course of daily living. As can be seen from the income statement john s total monthly income is 12 000.
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