# Income, expenditure, profit/loss, income- expenditure statements and budgets

> This section is about income, expenditure, profit and loss, and about two documents that list them: an income-and-expenditure statement and a budget. In an exam you are given line items (or you must…

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## Full notes

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## More in FINANCE

- [Financial documents and tariff systems](https://www.hlayiso.com/grade-12/mathematical-literacy/notes/finance/financial-documents-and-tariff-systems) — Previous section
- [Cost price and selling price](https://www.hlayiso.com/grade-12/mathematical-literacy/notes/finance/cost-price-and-selling-price) — Next section
- [All FINANCE sections](https://www.hlayiso.com/grade-12/mathematical-literacy/notes/finance)

## Frequently asked questions

### What will I learn in "Income, expenditure, profit/loss, income- expenditure statements and budgets"?

This section covers Income, expenditure, profit/loss, income- expenditure statements and budgets as part of FINANCE in Grade 12 Mathematical Literacy. You'll find clear explanations, worked examples, and key definitions aligned to the CAPS curriculum.

### Is this section aligned with the CAPS curriculum?

Yes. All notes on Hlayiso, including "Income, expenditure, profit/loss, income- expenditure statements and budgets", are written against the official CAPS curriculum and ATP for Grade 12 Mathematical Literacy.

### What should I study after "Income, expenditure, profit/loss, income- expenditure statements and budgets"?

Continue with the next section in FINANCE, or test your understanding with the interactive quiz linked to this section.

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