Why is tax not a capital receipt
Illustrate, why is tax not a capital receipt?
Expert
Tax is not a capital receipt since it neither leads to the creation of liability nor to reduction in assets. However, a tax is the revenue receipt.
Economic growth is generally defined as a sustained increase in per capital national output over a long period of time. It implies that for economic growth of a nation, the rate of increase in its total output must be greater than the rate of population growth. It ma
Please brief the knowledge what is long run supply?
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 red
In calculating the GDP national income accountants:
Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero? Why or why not should this be the case?
When Sam Sleaze sells Terry Tone-deaf a low-quality stereo by promotion as the "top of the line", there is a trouble of: (1) Moral hazard. (2) Irrational ignorance. (3) Adverse choice. (4) Paradox of value. Can someone help me in g
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
With the help of graph discuss the determinants of transaction demand.
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
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