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Which describes a budget in which expenditures exceed revenue?
budget deficit
What occurs when expenses exceed revenues for a given accounting period?
Retained earnings are decreased.
When the US spend more than it receives within a fiscal year this is call?
When the U.S. spends more than it receives within a fiscal year, this is called a budget deficit. A budget deficit occurs when the government's expenditures exceed its revenues, leading to an increase in national debt if the deficit is financed through borrowing. Ongoing budget deficits can raise concerns about fiscal sustainability and may impact economic growth.
Net income will result during a time period when?
revenues exceed expenses.
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 do you mean by fiscal deficit?
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.
How do you label negative retained earnings on a balance sheet?
The term "Retained Earnings" is generally used to describe that portion of stockholders equity derived from profits. (An older term, no longer generally in use, is "Earned Surplus".) Retained earnings represents the accumulation of earnings less dividends since the beginning of the company or accounting entity. In successful companies the retained earnings account normally has a positive balance; but if total losses should exceed total net income it is possible that the retained earnings account could have a negative balance. This is generally known as a "DEFICIT", in answer to the question.
When a country's imports exceed its exports there is a trade what?
deficit
Which describes a budget in which expenditures exceed revenue?
budget deficit
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
Is it good for the US to have a deficit and why?
NO! a deficit means that the US's expenditures exceed their revenues (money earned from taxes). If the deficit cant be closed at the end of the fiscal year the deficit becomes a Debt.
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
Which term explains a situation where imports exceed exports?
Trade deficit
Which term describes a budget in which expenditures exceed revenue?
budget deficit
What term explains a situation where imports exceed exports?
Trade Deficit
When a nation's exports exceed its import what is it called?
When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.
What results when expenditures exceed revenue?
A deficit is the result when expenditure exceeds revenue.
