Ep 12: Financial Education | Business Chat Series - Advanced Business English Listening with Vocabulary for Professionals
The Business English Podcast
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What Is Income?
Income is the amount of money that enters your bank account thanks to something in your asset column. An expense, of course, is something that you are paying out for a liability. What's on your liabilities sheet? What's taking money out of your pocket every single month? Could I repurpose that asset? All right. And then what's my income and what are my expenses? So that's kind of a summary of all the key points that, you know, personal finance should be teaching this in schools.
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