Share with othersExpense refers to the cost incurred or money spent by an individual, business, or organization to obtain goods or services. In Class 9, expenses are explained as the outflow of money used to meet daily needs, run a business, or maintain assets. Expenses can be recurring, like rent and salaries, or occasional, like … Read more
Share with othersIncome is the money or other benefits that a person, business, or organization receives in exchange for providing goods, services, or through investments. In Class 9, income is explained as a key concept in economics and business studies, helping students understand different sources of income such as wages, salaries, profits, rent, and interest. … Read more
Share with othersFinancial planning is the process of setting financial goals, creating a budget, managing income and expenses, and making informed decisions about saving and investing. In Class 9, financial planning is introduced to help students understand the importance of managing money wisely, preparing for future needs, and achieving financial security. What is Financial Planning … Read more
Share with othersMoney is a medium of exchange that facilitates trade and economic activities. In Class 9, the topic Key Characteristics of Money explains the essential features that make money universally acceptable, durable, portable, divisible, and stable in value. Key Characteristics of Money Class 9 Notes Medium of Exchange Money is called a medium of … Read more
Share with othersIn Financial Accountancy, the Money Exchange System refers to the process of using money as a common medium for buying and selling goods or services, replacing the limitations of the barter system. For Class 9, this topic provides a foundation for understanding how money works in trade. Money Exchange System Class 9 Notes … Read more
Share with othersMoney is anything that is generally accepted as a medium of exchange for goods and services, and for the repayment of debts. In Class 9, “Money – What It Is” introduces students to the concept, nature, and functions of money in the economy. Money What it is Class 9 Notes Evolution of Money … Read more