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When government expenses exceed revenue, it results in a budget deficit. This situation can lead to increased borrowing, as the government may issue bonds or take loans to cover the shortfall. Persistent deficits can result in rising national debt, which may affect the country’s credit rating and economic stability. To address this imbalance, governments might consider cutting spending, increasing taxes, or implementing policies to boost economic growth.
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the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
When government's expenses for a year is higher than its revenue that yearthe differences is known as?
When a government's expenses for a year exceed its revenue, the difference is known as a budget deficit. This indicates that the government is spending more money than it is bringing in, often leading to borrowing to cover the shortfall. Persistent budget deficits can contribute to national debt over time.
How do you monitor and control actual expenses and revenue against projected expenses and revenue?
how to monitor and control expenses against budget/
What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
Who pays the governments expenses?
The government pays its expenses from the revenue it obtains through taxing the people it governs.
the excess of revenue over the expenses incurred in earning the revenue is called capital?
False
What is the term used to define when government revenue is lower than government expenses?
Budget surplus.
When government's expenses for a year is higher than its revenue that yearthe differences is known as?
When a government's expenses for a year exceed its revenue, the difference is known as a budget deficit. This indicates that the government is spending more money than it is bringing in, often leading to borrowing to cover the shortfall. Persistent budget deficits can contribute to national debt over time.
What is the term used to describe the difference between revenue and expenses?
Revenue is the amount of money a business/person makes as a whole. Expenses are things that a business/person has to pay for with their revenue such as utilities that a business uses. What's left over from the revenue after the expenses are paid for is profit.
What is meant by a revenue law?
revenue law is a law pertaining to the collection of taxes to cover government expenses. They collect these taxes and place them into the treasury.
How do you monitor and control actual expenses and revenue against projected expenses and revenue?
how to monitor and control expenses against budget/
What is the importance of revenue to a business?
revenue is what pays the expenses of running the business and hopefully you can even make enough revenue above expenses to make a profit
What is the meaning of revenue expenses in financial accounting?
Revenue expenses are those expenses which are incurred for every fiscal year to earn revenue for specific fiscal year and are recurring nature like salaries etc.
Define the term budget?
Its classed as an estimation of the revenue and expenses over a specified future period of time
Does net loss occurs when expenses are less than revenue?
Net Income : When Revenue is greater than Expenses. Net loss : When Expenses are greater than Revenue. References : Basic Accounting (111) Book .
What is the difference between operating income and operating revenue?
Operating income is the profit a company makes from its core business operations after deducting operating expenses, while operating revenue is the total amount of money generated from those core business activities before deducting expenses. In simple terms, operating income is the profit left over after subtracting expenses from revenue.
