ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SPENDING LEVEL Definition
SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.
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BASIC TENETS OF ACCOUNTING is four in number: 1. Assets = Liabilities + Owners Equity, 2. Debits = Credits, 3. Assets are on the left (debit side), and, 4. Liabilities and Equity are on the right (credit side).
GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. See also GROSS SALES.