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.
Government tax and transfer payments generally
‘The country is at present in recession and this has led to worse tax revenue and high expenses. The effect is a huge deficit. The government decides to increase taxes and lower government expenses. Is this an excellent idea?’
How can Equilibrium of a market be exist?
discuss with the help of IS-LM model why money has no effect on output in classical supply case
If $9 is required to buy £2, what is the exchange rate for USA dollar? Answer: £1 = 9/2 = $4.5, i.e., £1 = $4.5.
If households become more willing to hold less cash and more stocks or bonds, the
What is the impact on income or output and price of excess demand (Inflationary gap)? Answer: In the condition of excess demand (that is Inflationary gap) there wil
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
What is the role of price in market economies?
What is the basic difference between Market Supply and Individual Supply?
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