--%>

Explain Object of Expenditure

Object of Expenditure (Objects): It is a categorization of expenditures based on the kind of goods or services received. For illustration, the budget group of Personal Services comprises the objects of Salaries and Wages and Staff Benefits.

The Governor’s Budget comprises “Expenditures by Category” for each department at this level.

Such objects might be further subdivided into line items like State Employees' Retirement and Workers' Compensation.

   Related Questions in Finance Basics

  • Q : Define Fund Balance Fund Balance : For

    Fund Balance: For accounting aims, the excess of a fund’s assets over its liabilities. And for budgeting aims, the surplus of a fund’s resources over its expenses.

  • Q : What is Administration Administration :

    Administration: It refers to the Governor's Office and those individuals, subdivisions, and offices reporting to it (example, the Department of Finance).

  • Q : Cyclically adjusted budget Normal 0

    Normal 0 false false

  • Q : Compare diversifiable and non

    Compare diversifiable and non diversifiable risk. Which do you think is more significant to financial managers within a business firms?Diversifiable risk can be dealt along with by, of course, diversifying. Generally non diversifiable risk is co

  • Q : Problem on tax and spend at possible

    Normal 0 false false

  • Q : Explain euro Normal 0 false false false

    Normal 0 false false

  • Q : Describe time value of money Describe

    Describe time value of money?The time value of money means that money you have in your hand today is worth more than money you expect to obtain in the future. Likewise, money you have to pay out today is a greater burden than the similar a

  • Q : Financial Account & International fund

    Question: The Financial Account captures international fund flows due to i._____. ii. Briefly Explain? Answer: (i)    Purchase and selling of assets (ii)   The Financial Account captures th

  • Q : Define Pooled Money Investment Board

    Pooled Money Investment Board (PMIB): The board included of the Director of Finance, State Treasurer, and the State Controller, the aim of which is to design an efficient cash management and investment program, employing all monies fl

  • Q : What is Sunset Clause Sunset Clause :

    Sunset Clause: The language contained in a law which states the expiration (termination) date for that statute.