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Fiscal metering refers to the measurement of the quantity and quality of a product for financial transactions, ensuring accurate billing and compliance with regulatory standards. Custody transfer metering, on the other hand, is specifically concerned with the transfer of ownership of a product between parties, such as during the sale or shipment of oil or gas, and often involves highly accurate and calibrated equipment to prevent disputes. While both types of metering are crucial in the energy sector, custody transfer metering is typically more stringent due to the implications of ownership transfer.
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What is the difference between fiscal and non fiscal metering?
The difference between fiscal & non-fiscal metering is when the measurement value is relevance to money.
What is the Meaning of fiscal meter?
Fiscal metering is defined by the Metering Regulations as "Metering related to the purchase and sale and calculation of taxes" It is a measurement of product (usually Crude Oil) flowing through a pipeline or other such system and is used to determine payment or other charges due. The metering system is regularly checked for correct reading by comparison to International standards.
What is fiscal metering?
Fiscal metering refers to the measurement and recording of the quantity and quality of energy or resources, such as electricity, gas, or water, for billing and regulatory purposes. It ensures accurate accounting for the energy consumed or produced, facilitating transactions and compliance with legal requirements. Fiscal meters are typically subject to strict standards and regulations to ensure their accuracy and reliability, often involving calibration and certification processes.
What are the two major types of fiscal policy and how are they different?
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What dates do state fiscal years begin?
There is no specific starting dates for fiscal year and fiscal year can be start form any month as different industries has different starting periods but most commons are from january to december or july to june etc.
What does fiscal mean?
Fiscal usually relates to matters of financial stature. Fiscal could also relate to taxes and government issues. The use of the word fiscal can be combined in conjunction with fiscal cliff, fiscal year, fiscal deficit, fiscal policy and fiscal parish.
Who is the transfer agent on gnmas?
The transfer agent for GNMAs (Government National Mortgage Association) is the U.S. Department of the Treasury's Bureau of the Fiscal Service. They are responsible for maintaining records of ownership and processing transactions for GNMA securities.
Why does a business need to be consistent in the fiscal period it uses for its financial reports?
A business needs to be consistent in the fiscal period it uses for financial reports for purposes of comparison and accuracy. If the fiscal period changes, then it is difficult to compare the business's performance across different periods.
What is the reason for fiscal deficit in India?
The fiscal deficit in India is not fundamentally different from the fiscal deficit in any other country. The public always wants more government spending but they do not want more government taxes. The government attempts to oblige, by borrowing money. The result is a deficit.
Which political party supports fiscal policy?
Both parties claim to have fiscal policies, even though these policies are different and even though neither party adheres to its policy with any rigor.
What is fiscal duties?
What is fiscal duty?
What is full form of FISCAL?
fiscal
