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.
Bank rate: This is the rate at which the central bank loans money to commercial bank.
What points out zero primary deficits? Answer: Zero primary deficits signify that the government has to resort to borrowings simply to make interest payments.
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IN which situation, there is a deficit in the balance of trade.
Explain with examples the reasons for exceptional demand curve
Categorize the borrowings and recovery of loans into capital and revenue receipts of government budget. Give reason too.
What are the main sources of supply of foreign currencies into domestic economy? Answer: A) Foreigners purchasing home country’s goods and services via exports. B) Foreign investment in home country via
How would your policy proposals influence the market for parking?
If the liability to give a tax is on one person and the burden of tax fall on some other person, state the kind of tax? Answer: These are indirect taxes like sales
Government tax and transfer payments generally
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