Receipts and payments is just a diary of cash in and out, yaar—it's blunt, like our club's rusty donation box. But income and expenditure? That's the real story, matching costs to the season they belong to, showing if we're truly in profit. I know from my father's shop accounts that the first one will tell you the cash is there, but the second one warns you the fees might not cover next year's new cricket nets.
#money#career
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