(A) Purchase of non-current assets. (B) Payment to creditors. (C) Cash deposited into a bank. (D) Payment of postage and telegrams. Answer:... View Article
(A) An asset (B) A liability (C) An expense (D) An income Answer: (A) An asset Explanation: The balance of a petty cash book is an asset as... View Article
(A) No entries were made at all in the general ledger for items paid by petty cash. (B) The same number of entries in the general ledger. (C)... View Article
(A) Are bought to be used in the business. (B) Are expensive items bought for the business. (C) Are items that will not wear out quickly. (D)... View Article
(A) represents the borrowing of the government. (B) is the difference between total expenditure and total receipts of the government. (C) is... View Article
According to a bookkeeping point of view, fixed assets and stock both address property that an organization possesses. Together they structure... View Article
Having to face a fiscal deficit means the total expenditure has crossed the line of total revenues by the government. Although in this deficit if... View Article
Zero primary deficit implies that the public authority needs to fall back on borrowings just to meet interest responsibilities on prior credits.... View Article
At the point when the revenue receipts are not exactly the same as or below the revenue expenditure in the public authority financial plan, this... View Article
A fiscal deficit can help a sluggish or lazy economy. Cash spent on the formation of useful resources sets out ventures and opens doors for... View Article
The fiscal deficit can emerge either because of income costs overshooting revenues or expansion in capital consumption. The public authority... View Article
A primary deficit is a distinction between the fiscal shortage and interest installment. It decides the measure of acquiring which is important... View Article
Governments utilize fiscal policy to impact the degree of the total demand in the economy with an end goal to accomplish economic growth, price... View Article
A high fiscal deficit can likewise be useful for the economy if the cash spent goes into the formation of useful resources like pathways, roads,... View Article
A fiscal deficit straightforwardly affects a nation's development, inflation, and price stability. At the point when an economy is in a recession... View Article
The difference between the total income and total expenditure of the public authority is named a fiscal deficit. It means that complete... View Article
Indeed, there can be a fiscal deficit in the public authority or government spending plan with no revenue deficit or shortfall. An income... View Article
The errors of omission are characterized as those blunders that outcome from a halfway or complete oversight of a transaction from the accounting... View Article
