Question
Consider the following statements and choose the option
with correct Statements. I- The Union government's non-debt receipts comprise revenue receipts (tax and non-tax) and non-debt capital receipts. II- Union Government’s revenue receipts are always less than capital receipts. III- The shortfall in the non-debt receipts to meet the expenditure requirement is met by borrowings of the government (called fiscal deficit).Solution
The Union government's non-debt receipts comprise revenue receipts (tax and non-tax) and non-debt capital receipts. The shortfall in the non-debt receipts to meet the expenditure requirement is met by borrowings of the government (called fiscal deficit). This section evaluates the performance of the Receipts side of the Union Government's finances.
Which of the following will be the journal entry for Credit Sales under Self-Balancing Entry?
A MSME start-up is eligible for priority sector loan of up to Rs. _________
What type of banking transaction allows customers to earn interest on their deposited funds and provides easy access to their money for daily expenses?
According to section 11 of the Indian Contract Act agreement with a minor is:
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When was the idea of GST first formally proposed in India?
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In an organization, the actual sales were ₹10 lakh while the budgeted sales were ₹12 lakh. The cost was ₹6 lakh vs budgeted cost of ₹7 lakh. Wha...
The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
_______ is also known as General Ledger Adjustment Account.
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