Why tax considered as revenue receipt

Why is tax considered as revenue receipt?

Answer: Since tax neither makes a liability for government nor decreases assets of the government.

Related Questions in Macroeconomics

Q : Value added technique for national

What is the alternative name of value added technique of estimating national income? The alternative name of value added technique of estimating national income is production method.

Q : Help If the price of K declines, the

If the price of K declines, the demand curve for the complementary project J will:

Q : Shifting of demand curve due to new

Assume that the launch of Microsoft Xbox 360 moved the demand curve for Sony PlayStation 2 games from D0 to D1 throughout similar period if new game designers enter into this market and hence supplies of PlayStation 2 games shifted S0 to S1. The market equilibrium: (1

Q : In which of these two statements

"In corn market, demand often exceeds supply and supply sometimes exceeds demand." "The price of corn rises and falls in response to changes in supply and demand."

Q : Goals of Microeconomic Hello guys I

Hello guys I need your advice. Please advise your view for following economics problems. Microeconomic goals consist of: (w) full employment. (x) efficient allotments of resources. (y) price level stability. (z) ec

Q : Define the term Supply curve Define the

Define the term Supply curve.

Q : Interest receipt Why is interest

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 red

Q : Adaptive expectations & Rational

Question: Compare and contrast 'adaptive expectations' (Hubbard uses adaptive expectations) and 'rational expectations' in modeling expectations. Answer:<

Q : The European debt crisis Quetion:

Quetion: Describe the present economic crisis situation in Europe. Why has it been so difficult for the Europeans to find a solution to this problem? Comment on what implications the crisis may have for the rest of the

Q : Market demand curve for new houses The

The market demand curve for latest houses would rise in response to a rise in: (1) construction technology. (2) The costs of lumber. (3) Housing prices. (4) Legal price ceilings on rental properties. (5) Expectations regarding future housing prices.

Discover Q & A

Leading Solution Library

Avail More Than 1456352 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1957593
Asked

3,689

Active Tutors

1456352

Questions
Answered

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

Submit Assignment