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Why always Indian have deficit budget?
Indian economy operates at deficit budget because India is a growing economy and a deficit budget alway boosts the economy.Indian economy is a planned economy where the Fiscal budget of total expenditure is always higher than total budget receipts and capital receipts excluding borrowings.
What types of expenditure?
There are 2 types of expenditures: capital expenditure (long-term assets like machinery) and revenue expenditure (raw material).
The cost of a new windshield wiper on a delivery truck would be classified as a capital expenditure or revenue expenditure or an infrequent expense?
revenue expenditure
What are the objective and control of capital expenditure in business organisation?
The control of capital expenditure in a business organization is organizational control. This is often implemented through a budget program.
What are the principles of comparative and absolute advantage and their relevance in the development of third world countries?
what is the difference between capital and current expenditure what is the difference between capital and current expenditure
What is the format for capital expenditure?
The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.
What is debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is the format for capital expenditure budget?
The format for capital expenditure budget is to list all the expenditure with their estimates. The cost of capital assets and expenditure must be provided.
Is leasing a capital expenditure?
If it is finance lease then it is capital expenditure otherwise it s revenue expenditure
What is the capital receipts and revenue receipts?
REVENUE RECEIPTS* Receipts related to NORMAL ACTIVITIES of the business* Credited as revenue to Trading and Profit & Loss Account* Examples: receipts from sales of goods and services, rent, commission and interest on bank deposits received by the businessCAPITAL RECEIPTS * Receipts derived from activities which are not part of the normal trading activities of the business* Appears as capital or liabilities in the Balance Sheet* Examples: receipts of cash brought in by partners, shareholders, debenture holders and bank loans
What is NON-debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is NON debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is capital expenditure creditor?
Payable towards capital (equipments) expenditure.
What are the Steps involved in the preparation of receipts and payments accounts from income and expenditure accountgive examples?
Ignore the opening and closing cash and bank balances on the receipts and payments account. Eliminate all items of capital receipts and payments. Figure out the income of the year by deducting the total income received and adding the income accrued. Find the expenditure of the relevant period as well. When the account is balanced, it will show the surplus or deficit of the account.
What is the meaning of services in tourism?
Ancillary services are those which get the benefit of tourist expenditure as the result of the receipts by the auxiliary services.They are also known as subordinators to auxiliary services.
What is a negative capital expenditure?
negative expenditure
Difference between income and expenditure account and p and l account?
Differences Between Receipts And Payments Account And Income And Expenditure AccountThe following are the main differences between receipts and payments account and income and expenditure account: 1. NatureReceipts and payments account is a summary of cash transactions for a period and it is a real account. Income and expenditure account is a summary of expenditure and income like trading and profit and loss account and it is a nominal account.2. ObjectiveReceipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditure account is prepared to show the net result of the operation during the period to derive surplus or deficit.3. RecordingAll cash and cheque receipts are recorded on debit side of receipts and payments account where as all cash and bank payments are recorded on credit side. In income and expenditure account all expenditure of revenue nature are recorded on debit side and all incomes of revenue nature are recorded on credit side.4. Capital And Revenue ItemsThere is no distinction between capital and revenue receipts and payments in receipts and payments account. All expenses and incomes of revenue nature are recorded on accrual basis in income and expenditure account.5. ContentsReceipts and payments account contains only cash and bank transactions. Income and expenditure account contains both cash and non-cash expenses and incomes of revenue nature.6. Balance Sheet RequirementReceipts and payments account is not required to prepare balance sheet. Income and expenditure account is required to prepare balance sheet.7. AdjustmentsNo adjustments are required in receipts and payments account. In income and expenditure account adjustments are made because it is prepared on accrual basis.
