Interest receipt
Why is interest received classified as revenue receipt? Answer: Interest received is a revenue receipt since it does not build any liability nor it leads to the reduction in assets.
Why is interest received classified as revenue receipt?
Answer: Interest received is a revenue receipt since it does not build any liability nor it leads to the reduction in assets.
Redistribution of Income: Each and every economy strives to achieve a society, where inequality of income and wealth must be minimum. In order to attain this objective via government budget the government spends adequate money on social security schem
Describe when there will be a surplus of the good?
Illustrate which budget expenses does not result in the creation of assets or reduction of liability. Give illustrations too.
What do you understand by the term Price (P) at Market in Economy?
Illustrate, why is tax not a capital receipt?
Does full employment take place if AD = AS or S = I?
Name the six agency function of Commercial Bank. Answer: A) Transfer of funds B) Collection of funds C) Purchase and sale of securities. D) Collection of dividends E) Payment of bills &
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Depreciation of a currency signifies fall in value of domestic currency in terms of foreign currency. Illustration: When value of rupee in terms of US dollars falls, state from Rs. 45 to Rs. 50 per dollar, it will be a condition of depreciation of Ind
Suppose the value of exports of goods of a country is Rs. 1,000 crores and the value of imports of goods is Rs. 1,200 crores, what will be the trade balance (or balance of trade)?
18,76,764
1961200 Asked
3,689
Active Tutors
1443830
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!