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When the govt has an excess of expenditures over revenues it is said to have a?
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The excess of expenses over revenues is referred to as?
Net loss
What do you mean by recurring expenditure?
A recurring expenditure is one which you have to keep paying over and over, like rent. It is unlike capital expenditures which you only have to pay once.
What is excess of assets over liabilities called?
Fund balance
Is operating expense on the balance sheet?
No. Revenues and Expenses over a given period of time are shown exclusively on the Income Statement.
What businesses uses a budget?
All business have a budget. Your expenditures(money going out, employee paychecks, lights and other utlities, supplies, etc.) has to be less than what you Revenue(money you bring in from sales). After all your expenditures are paid up whatever is left over is your profit.
The excess of income over expenditures is called?
The excess of income over expenditures is known as Savings. S= Y(d)-C Where; S= Savings Y(d)= Disposable Income C= Consumption Expenditures
The excess of expenses over revenues is referred to as?
Net loss
Distinguish between deficit budget and surplus budget?
The main difference between the fiscal and budget deficit is of time period in consideration.Fiscal Deficit is the Govt. Deficit (Government Expenditures - Government Earnings (excluding borrowings)) for a fiscal year let say 2008-09 while...Budget Deficit is the Govt. Deficit in fiscal year 2008-09 (i.e. fiscal deficit for year 2008-09) plus the past Debt over the Government (i.e. the net sum of all past Fiscal deficit/surplus before fiscal year 2008-09).
Assume the economy is at full employment and that investment spending declines dramatically Under these conditions government fiscal policy should be directed toward?
b.) an excess of tax receipts over government expenditures
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
Expenditures capitalized as long-lived assets generally include those expenditures that?
are made for normal repairs to maintain the usefulness of the asset over a number of years
What is the military budget?
Military expenditures for the World for 2007 were estimated at 1.2 trillion dollars and the United States was number 1 in 2008 with military expenditures of over 580 billion dollars.
In finance what is an excess of liabilities over assets called?
What is excess of total liability over a total assets?
Which part of real GDP fluctuates most over the course of the business cycle?
investment expenditures.
Which of the Indian govt bodies decides the electoral of parliament?
The people over 18 years
Who established a communist govt in cuba in 1959?
Castro took over power in Cuba as dictator.
Who establish a communist govt in Cuba in 1959?
Castro took over power in Cuba as dictator.
