Finance – Any department within a company/organisation needs budgets to prevent them from becoming bankrupt. This is because if a company spends more than they earn they get themselves into debt. It is important that every organisation, even those that are non-profitable such as schools and hospitals, keeps track of their finances.
Main Categories of Expenditure in a School
· Staff wages
· Text books and stationary
· Equipment for technology, art, cookery etc.
· School trips· Student Insurance
· Internet Connection
· Extra curricular activities (clubs)
· Maintenance· School Food
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