Define revenue receipts, Define revenue receipts. Write the groups in which they are

Define revenue receipts

Define revenue receipts. Write the groups in which they are categorized.

Answer: Any receipts that do not either make a liability or lead to reduction in assets is termed as revenue receipts. Revenue receipts comprises of: Tax Revenue and Non-Tax Revenue.

View Complete Question

Related Questions in Macroeconomics

Q : Relationship between interest rate and

What is the relationship among interest rate and bond prices? Is there any difference among T-Bills versus Corporate bonds in reaching your assessment? Whenever the stock market falls, where do you assume that most investor place their money and why?<

Q : Explain the term Macroeconomics

Macroeconomics is a study of: (1) the economy as an entire or in the aggregate. (2) worldwide economic problems of individual households. (3) interactions among firms and households in one exact market or industry. (4) the rising income inequality wit

Q : Potential GDP The hypothetical

The hypothetical information in the following table shows what the economic situation will be in 2015 if the Fed does not use monetary policy: Year Potential GDP Real GDP Price Level 2014 $15.2 trillion $15.2 trillion 110.0 2015 $15.6 trillion $15.8 trillion

Q : If the MPC is .70 and investment

If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:

Q : Subjective worth of Consumer Surplus

The consumer gains from being capable to purchase at a single price rather than paying all that the particular quantity of the good is subjectively worth are: (i) Adverse selections. (ii) Market exploitation. (iii) Consumer surpluses. (iv) Moral hazards.

Q : Problem on promotion When Sam Sleaze

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

Q : Problem on rational consumption

Whenever you dine at an “all-you-can-eat” buffet, the rational consumption prototype is to carry on eating till: (1) The restaurant goes bankrupt. (2) You have eaten as much food as it would encompass cost had you made your own meal at hom

Q : Inflation Effect The economic effects

The economic effects of inflation are all pervasive. It affects all those who depend on the market for their livelihood. The effects of inflation may be favorable or unfavorable, and low or high depending on the rate of inflation. For example a galloping the hyper inf

Q : Cost of a foreign currency When cost of

When cost of a foreign currency increases its supply too increases. Elucidate why?

Q : Implications of fiscal deficit

Implications of fiscal deficit: (A) High fiscal deficit entails a big amount of borrowings in which the government takes more loans to pay back it. It raises the liability of government.

Discover Q & A

Leading Solution Library

Avail More Than 1430572 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949203
Asked

3,689

Active Tutors

1430572

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment