--%>
Assignment Help - homework help

Problem on National income

Providing reasons, describe the treatment assigned to the following which estimates national income.

(i) Family members working freely on farm owned by family.
(ii) The Payment of interest on borrowings through general government.

E

Expert

Verified

(i) Imputed salaries of such members will be comprised in national income.

(ii) This will not be comprised in national income since it is non-factor payment as the general government borrows just for consumption purpose.

   Related Questions in Financial Accounting

  • Q : Advantages for giving Cash Discount

    What are various advantages for giving Cash Discount?

    		•
  • Q : Calculate the PV You expect the price

    You expect the price of the stock 3 years from now to be $119.04 (i.e., you expect P ˆ   3  ?? = $119.04). Discounted at a 10% rate, what is the present value of this expected future stock price? In other words, calculate the PV of $119.04.&nb

    		•
  • Q : Article on companies decision and

    Write an article on the consequences and affects of companies decison on its profitability.

    		•
  • Q : Purpose of foreign branch bank Discuss

    Discuss the purpose of the foreign branch bank.

    		•
  • Q : Cash system and mercantile system what

    what is the difference between cash system of accounting and mercantile system of accounting

    		•
  • Q : Article on maintenance policy for plant

    Write an article on the maintenance policy for overall costs and enhancing plant productivity.

    		•
  • Q : Appropriated retained earnings The

    The portion of retained earning that is not available for dividends. To appropriate retained earnings, the company must record the partitioning of retained earnings. The company can use appropriated retained earnings for contingencies or big projects. Appropriating retained earning does not invol

    		•
  • Q : Accounts and Bills payable-Accounts and

    Illustrate the difference between Accounts and Bills payable, Accounts and Bills receivable?

    		•
  • Q : Whether MNC open their manufactoring

    For most global companies, China symbolizes a very attractive market in terms of size and growth-rate. Yet, it ranks lower in words of economic freedom and higher in political risk than other countries' markets because it has a communist government. Despite such risks

    		•
  • Q : Explain Project Accounting Project

    Project Accounting: It is sometimes termed to as job cost accounting and is the practice of making financial reports particularly designed to track financial growth of projects, which can then be utilized by managers to support project management.

    		•