Surplus, deficit, and what to do
Business Studies · Grade 10 · about 40 minutes
A surplus is income above expenses; a deficit is a warning to cut, raise sales, delay a buy, or find a float before the month starts.
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- 8 sections of explanation, worked examples and diagrams
- 1 practice task with hints and worked answers
- A quiz that marks itself as you go
- Your progress kept across every subject you take
Other lessons in this sub-strand
- The importance of budgeting, and types of budget
- Preparing a budget and using it to control spending
- The meaning of a budget
- Why Kenyan MSMEs need a budget
- Sales and production budgets
- Purchases and expenditure budgets
- The cash budget: when money arrives
- Capital budgets and the master budget
- Preparing a simple kiosk budget
- Surplus, deficit, and what to do
- Budget variances: favourable and adverse
- Using a budget to control spending