Tuesday, September 29, 2020

Finance

Social Goods

Social Goods and It’s Cost Production

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Actually, everybody wants to enjoy the benefits of social goods be they defense goods, law and order, education, etc.but no one wants to pay for them. At the same time. the consumers...
Zero Base Budgeting

What is Zero Base Budgeting? Limitations and Advantages of ZBB

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Concept of Zero-Based Budgeting (ZBB): In the most literal sense, Zero-Based Budgeting implies constructing a budget, without any reference to what has gone in previous year or period, based...
Public Finance

Public Finance a Positive Science or a Normative Science?

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Nature of Public Finance: Public finance faces a burning controversy whether it is a science or an art and further whether it is a positive science or a normative science.
Budget

How Budget is Prepared? Procedure of Passing the Budget

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Budgetary Procedure Budgetary procedure includes three stages : I. Preparation of the budget. II. Presentation & Enactment of the budget Ill. Execution of the budget. ...
Value added Tax

What do the meaning of Value Added Tax (VAT)?

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Meaning of Value Added Tax (VAT) : The value-added tax belongs to the family to sales taxes. A general sales tax is a tax on' sales transactions but it...
Budget

What is Budget? Features that budget should Have?

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Meaning of Budget The term 'Budget' has been originated from the French word 'Bongettee' which means 'a small leather bag'. This 'bag' contains an economic bill' which is presented...
importance of public finance

Importance of Public Finance in Present Day

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The importance of public finance in present days can be put as under : Maximum Social Advantage: The prime duty of the government is to attempt for maximum...
Taxable Capacity

Importance Of Taxable Capacity and factors determine the Taxable Capacity

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Taxable capacity refers to the maximum capacity that a country contributes by way Of taxation in the ordinary and extraordinary' circumstances. It represents the maximum limit to which the government can tax...
Main Source of Revenue of the Government

What is The Main Source of Revenue of the Government of India?

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Meaning of Public Revenue The income of the Government through all sources is called public revenue. According to Dalton, however, the term "Public Income" has two senses—wide and narrow....
Public Expenditure

Meaning of Public Expenditure, Difference between Public and Private Expenditure

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Meaning of Public Expenditure The Term Public Expenditure refers to the expenses incurred by public authorities- Central, state and local governments for their own maintenance and for the discharge...
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