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Tax revenues - Tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes. Non-Tax revenues - Non-Tax Revenue is the recurring income that is earned from sources other than taxes by the government. They are the revenue receipts that are not generated by taxing the public. Revenue expenditure - Revenue expenditures are short-term expenses used in the current period or typically within one year. Revenue expenditures include the expenses required to meet the ongoing operational costs of running a business, and thus are essentially the same as operating expenses (OPEX).
What is the Current Ratio of JKL Ltd based on given information?
As per Section 26(9) of Companies Act 2013, what is the amount of fine in case the prospectus is issued in contravention of the section related to matte...
The government has recently announced that the minors can also subscribe to the NPS scheme. What is the name of the scheme of NPS for minors? Â
A company purchased 50,000 units of raw material at Rs.2 per unit. At what value will the raw material inventory be recorded in the books of accounts if...
Which of the following is an example of contract costing?
A company bought a new machinery worth Rs.4 lakh by issuing 10% Debentures of value Rs.160 were issued at a premium of 25%. How much amount is credited ...
Avinash Ltd needs approves to raise capital through rights issue to its existing shareholders in the ratio of 1:2. If, the market value of the share is ...
What is the quorum required for a Board of Directors meeting according to Companies Act, 2013?
ABC Ltd had issued 20,000 debentures with FV of Rs.100 each, redeemable at 5% premium. Debenture holders have an option to convert 20% of redemption val...
A company foreited certain equity shares. These were re-issued later in the year. The profit on Forfeiture of these shares would be transferred to whic...