Sure, let's match the items in Column A with their respective definitions in Column B. Here is the solution explained step-by-step:
1. Fixed Expense: The correct match for a Fixed Expense is:
- An expense that is the same every week or month.
Therefore, we note:
- 1.1.1 Fixed Expense -> An expense that is the same every week or month.
2. Profit: The definition of Profit is:
- The difference between the cost price and the selling price.
Therefore, we note:
- 1.1.2 Profit -> The difference between the cost price and the selling price.
3. Variable Expense: The correct definition for Variable Expense is:
- They are expenses that are expected every month, but are never constant.
Therefore, we note:
- 1.1.3 Variable Expense -> They are expenses that are expected every month, but are never constant.
4. Budget: The definition that matches Budget is:
- It is a summary of expected income and expenditure over a specific period of time.
Therefore, we note:
- 1.1.4 Budget -> It is a summary of expected income and expenditure over a specific period of time.
5. VAT-exempted: The correct definition for VAT-exempted is:
- An expense that taxed (VAT free).
Therefore, we note:
- 1.1.5 VAT-exempted -> An expense that taxed (VAT free).
So, the final matches are:
| Column A | Match Description (Column B)
|-----------------|---------------------------------------------------------------------|
| 1.1.1 Fixed Expense | An expense that is the same every week or month. |
| 1.1.2 Profit | The difference between the cost price and the selling price. |
| 1.1.3 Variable Expense | They are expenses that are expected every month, but are never constant. |
| 1.1.4 Budget | It is a summary of expected income and expenditure over a specific period of time. |
| 1.1.5 VAT-exempted | An expense that taxed (VAT free). |
This concludes our matching of Column A with the appropriate descriptions in Column B.
