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What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
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
What is deficit financing?
Macroeconomics: Planned expenditure by a government to put more money into the economy than it takes out by taxation, with the expectation that increased business activity will bring enough additional revenue to cover the shortfall. Also called deficit spending. Microeconomics: Debt financing to cover excess of expenditure over income.
What is the scope of economics in education?
economics of education helps in determining the relationship between educational expenditure and increase in the income or physical capital over a period of time in a country.
Definition of income convergence?
The term convergence means two things converging upon each other or getting closer. In the case of economics and income it means two separate countries or economies whose income usually average income is converging or getting closer over time. An example would be the average income in the Mexico and the Untied States hypothetically getting closer over time.
What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
What is life assurance fund?
It is the excess revenue income over revenue expenditure for an insurance company.
What is phrase that means the excess of government spending over income?
Deficit spending.
Is it possible to have a negative net income and positive cash flow?
Yes and No. If the method of accounting followed is Mercantile, Yes. If the method of accounting followed is Cash System, No. In Mercantile method of Accounting, Negetive Income represents the excess of expenditure over income. In this method; Income and Expenditure considered are on accrual basis, i.e., income or expenditure is taken as such in the books of account; the moment a right to receive income or a liability to pay for expenditure has crytallised. The movement fo cash into the business or out of business is not the criteria. Therefore, inspite of a negative income in a particular year, a business may have a positive Cash flow on account of excess of cash flow arising out of previous years income, which is held as an asset in the form of Sundry Debtors, over the payments made in respect of previous years expenditure which is held as a liability in the form of Sundry Creditors on the balance sheet.
What is the meaning of debit balace in income and expenditure account?
Debit Balance- means outstanding balance, meaning you need to pay it! Credit Balance- means you have over paid.
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
What is deficit financing?
Macroeconomics: Planned expenditure by a government to put more money into the economy than it takes out by taxation, with the expectation that increased business activity will bring enough additional revenue to cover the shortfall. Also called deficit spending. Microeconomics: Debt financing to cover excess of expenditure over income.
An excess of income taxes expense over income taxes payable for a period is associated with?
a credit to deferred income taxes payable
What is the best way to start investing when you have very little money?
Start recording your expenditure and income. Review the expenditure over a period of time and ascertain ways and means to reduce the avoidable expenditure. This would result in having savings. Such accumulated savings can be invested. Even the small savings you have can be put into banking system as the first step towards investments in various assets.
What is the scopes of economics of education?
Economics of education helps in determining the relationship between educational expenditure and increase in the income or physical capital over a period of time in a country.
What are solvency and profitability?
Solvency ad profitability are financial terms. In basic terms solvency is how solvent you are. If you have more assets than liabilities then you are generally termed to be solvent however if it is the other way around you are generally termed to be insolvent, however you may have sufficient income to fund your liabilities so it is only a theoretical insolvency. Profitability is the excess of you income over your expenditure.
What is the scope of economics in education?
economics of education helps in determining the relationship between educational expenditure and increase in the income or physical capital over a period of time in a country.
