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there is a budget surplus

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Horace Hill

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3y ago

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Related Questions

What results when expenditures exceed revenue?

A deficit is the result when expenditure exceeds revenue.


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.


What is revenue minus expenditures?

Profits


Where is the revenue expenditure listed on the financial statement?

revenue expenditures are recorded in "income statement" as revenue expenditures are those expenses, benefits of which has already taken by company in full.


What are money (revenue) bills?

Revenue bills. They concern both revenue (taxes) and expenditures (appropriations).


Does deficit occur when expenditures exceed revenues?

yes it exceeds.


Why it is important to distinguish capital expenditures from revenue expenditures for tax purpose?

Because it is important. Capital expenditure = non-deductible Revenue expenditure = deductible


What is the formula for Net Operating Margin in Excel?

=(total revenue- total expenditures)/revenue. you get a percentage.


Is it true that a loss occurs when your revenue exceeds your expenses?

False, revenue is gain


Which describes a budget in which expenditures exceed revenue?

budget deficit


If the firm's sales revenue income exceeds its expenses the firm has earned a profit?

If a firm's sales revenue exceeds its expenses, the firm has earned a profit.


What are bills concerning money called?

Revenue bills. They concern both revenue (taxes) and expenditures (appropriations).