Elasticity And Total Expenditure - Supply Curve - Hayden ... taxspend hypothesis, - spend-tax hypothesis, fiscal synchronization hypothesis and . The revenue collection is the maximum in the first half of any financial year and expenditure is low during the same period. Revenue: $18.1 billion, adjusted, versus $18.24 billion expected. This is the money that comes in from the sale of goods or services. 3 synonyms for operating expense: budget items, operating cost, overhead. (a) Deferred revenue expenditure is current year's revenue expenditure to be paid in later years. A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. It is often more diffi cult to effectively target TEPs to desired benefi ciaries than direct expenditure programs. Definition of revenue Origin : early 15c., "income from property or possessions," from Middle French revenue, in Old French, "a return," noun use of fem. Revenue vs. Semi-discretionary Revenue A component of departmental revenue that includes Proposition 172 and Realignment revenue. Intel said it expected around $18.3 billion in adjusted sales in the fourth quarter, compared with analysts' expectations of $18 . Planned Values 3. Antonyms for revenue - Synonyms.com hot www.synonyms.com. (Budgetary surplus is the opposite of the deficit, i.e., an excess of government receipts over expenditure in an accounting year.) Total expenditure is found by multiplying the quantity by the corresponding price found on the demand curve. Adjective You can calculate your net profit after taxes using revenue and expense information from a particular accounting period. Government revenues and expenditures: causality tests for Jordan, Ministry of planning and International Cooperation Mountford, A., and Uhlig, H., 2005. A revenue expenditure is a cost that is charged to expense as soon as the cost is incurred. The paper While expenses are generally money flowing out of the business, income is the money coming into the business. This is the polar opposite of a revenue surplus, which happens when actual net income surpasses planned net income. The expenditure cycle has been called a "mirror image" of the revenue cycle. Friedman (1978) figures out that tax will affect expenditure, but holds the opposite view. By doing so, a business is using the matching principle to link the expense incurred to revenues generated in the same reporting period.This yields the most accurate income statement results. They can be summarized as follows: Where demand is price inelastic, total expenditure moves in the same direction as price. We intend to ascertain what is prevalent in the Nigerian economic scene. It becomes exactly opposite in the second half of the financial year with revenue collection becoming lesser than the expenditure," said Kunal Mandwale, deputy chief accountant of PMC. Revenue expenditure or operating expenses constitute those costs which do not lead to asset creation. . 76 opposites of revenue- words and phrases with opposite meaning. Learn new Accounting Terms. Our conclusions about elasticity and total expenditure are presented in Table 1. As a result, TEPs often experience large "windfall benefi ts" from compensating individuals and businesses for actions they would undertake anyway. So, these are recorded on income s. Targeting Problems. Revenue: an increase usually measured in money that comes from labor, business, or property. 4. Share revenue. depressed economic activities, that is, fall in aggregate demand will have the opposite effects on government expenditure. Synonyms for Revenue And Expenses (other words and phrases for Revenue And Expenses). Total revenue (or total expenditure) from the sale of a good is intimately related to the price elasticity of demand. 30 other terms for revenue and expenses- words and phrases with similar meaning. revenue-expenditure nexus, i.e. These transactions are the opposite of the above example and involve two From/Decrease lines that both have positive values. This is what is happening at the federal and state levels. charge, cost, disbursement, expenditures, expenses, outgo, outlay; See the Dictionary Definition . $4 trillion in revenue and $3.89 trillion in expenditures. Government consumption expenditures and gross investment measures the portion of gross domestic product (GDP), or final expenditures, that is accounted for by the government sector. When an expenditure is made, not only once and for all, but with a view to bringing into existence an asset or an advantage for the enduring benefit of a trade, there is very good reason (in the absence of special circumstances leading to an opposite conclusion) for treating such an expenditure as properly attributable not to revenue but to . A quantity of 5 million minutes is associated with a price of 10 cents and the total expenditure is $500,000. Post more words for revenue to Facebook Share more words for revenue on Twitter. Here is a numerical example, with a graph. Which example shows a . How do you relate EP & Total expenditure? Cash flow is the net amount of cash being transferred into and out of a company. B., 2010. Total revenue is the product of price (P) and the quantity (Q) of the commodity sold (i.e., Total revenue or total expenditure = P x Q). 1.7 Scope and limitation of the study. Fall in economic growth rate will lead to fall in government revenue which acts as constraint to government expenditure, and where government revenue falls short of basic government Sentences with expense . past participle of revenir "come back" (10c. In other words, the shortfall of revenue receipts as compared to that of the revenue expenditure is known as revenue deficit. ADVERTISEMENTS: The following points highlight the three main characteristics of expenditure flows. When revenue equals expenditure, the government runs a balanced budget. A capital expenditure is an amount spent to acquire or significantly improve the capacity or capabilities of a long-term asset such as equipment or buildings. So it would be recognised on the balance sheet. Antonyms for revenue ˈrɛv ənˌyu, -əˌnu This page is about all possible antonyms and opposite words for the term revenue. Prof. Adams points out that public debt is the source of advance revenue which is opposite with direct/derived revenue; and, therefore every question of public debt should be judged in the light of this fact. In order to fully capture its relationship on its economy thorough empirical investigation will be conducted with data for a period of 32years i.e 1985-2017. Deferral is just the opposite of accrual and refers to the recognition of the event after cash has been received or paid. As a result, the unearned amount must be deferred to the company's balance sheet where it will be reported as a liability. A budgetary deficit refers to excess of total budgetary expenditure (both on revenue and capital accounts) over total budgetary receipts (both on revenue and capital accounts). Learn More About revenue. Is total expenditure and revenue same? which is the opposite of regressive? Where demand is elastic, total spending moves in the opposite direction from price. Quarterly Services Survey: A survey produced quarterly by the Census Bureau that provides estimates of total operating revenue and percentage of revenue by customer class for communication-, key . ; Non-recurring events - Relating to unforeseen events e.g. By doing so, a business is using the matching principle to link the expense incurred to revenues generated in the same reporting period.This yields the most accurate income statement results. Revenues earned by the government are received from sources such as taxes levied Loss Vs Expense. phrases. thesaurus. 1. Supposing the level of fiscal deficit remains the same, a higher revenue deficit would be considered worse because that would imply a higher repayment burden in the future not matched by benefits . expenditure and income. It resets to zero for each fiscal year. Introduction to Public Finance, Expenditure, Revenue, and Debt . synonyms Explain the main objective of Product design and bring out its threats and . Of the four sources of federal government revenue, which is the smallest? It might be more efficient or convenient for the department to initially pay all the expenses; however, the cost of that activity on the university's books should only reflect its share of . When running a surplus, revenue exceeds . . It is an important tool of the fiscal policy of the government and is the opposite factor of government expenditures. Table 9.A—Summary of Methodology for Government Consumption Expenditures Table 9.B—Summary of Methodology for Government Gross Investment . A quantity of 2 million minutes is associated with a price of 18 cents, giving a total expenditure of $180,000. costs and revenues. Regular tax payments could also be considered revenue expenditure. Annual data for the period from 1963-2007 were used, and variables were tested for stationarity. 4. What are synonyms for Revenue expenditure? Reducing Revenue Budget (Expense-to-Revenue): To reduce a revenue budget, the corresponding expense budget must also be reduced. in the production of goods and services and its sale, which facilitates revenue generation of the company. When an expenditure is made, not only once and for all, but with a view to bringing into existence an asset or an advantage for the enduring benefit of trade, such expenditure should be treated as properly attributable not to revenue but to capital (in the absence of special circumstances leading to an opposite conclusion) If the expenditure is . opposite of direct expenditure programs. There are two types of revenue expenditure, which are noted below. suggest new. (H), Delhi—2010] (b) ` 2,000 spent to remove a worn out part and replace it with a new one is revenue expenditure. Usually the cost is recorded in a balance sheet account that is reported under the heading of Property, Plant and Equipment. 1.3 Objectives of the Study The primary objective of this study is to determine the effect of federal government revenue and expenditure on economic growth of Nigeria. Definition of Capital Expenditure. Answer (1 of 6): Depreciation is a revenue expenditure. This is the proposed expenditure of a government on projects that will last for many years like roads, dams, sea and airports, hospitals, schools, etc. credits and debits. 38 Votes) Deferred revenue is money received by a company in advance of having earned it. Definition of Capital Expenditure. 2. revenue and expenditure on economic growth. Revenue is the money a company earns from the sale of its products and services. Meaning "public income" is first recorded 1680s; revenue sharing popularized from 1971. But, when revenue is less than expenditure, then we say there is a budget deficit. On 21 May 2021, the First-tier Tribunal (FTT) decision in West Burton Property Ltd v The Commissioners for HMRC [2021] UKFTT 160 (TC) was released. A capital expenditure is an amount spent to acquire or significantly improve the capacity or capabilities of a long-term asset such as equipment or buildings. Expenditure, revenue and Net County Cost levels for each budget unit as requested by the County's departments. Inorganic growth, meanwhile, comes through the acquisition of other companies. It is important to distinguish between capital expenditures and revenue expenditures because they affect the calculation of income differently, Capital expenditure is the amount spent on acquiring a permanent asset while revenue expenditure is incurred for the conduct of the business and maintaining the capital asset in a state of efficiency, Capital And Revenue Expenditures assignment help . revenue and expenditure on government budget performance is rooted in the actual budget realizations. Such monetary damage may arise due to;. Revenue deficit signals to the economists that the revenue earned by the government is insufficient to meet the requirements of the expenditures required for the essential government functions. 3 min read. Examples include: fuel for vehicles, insurance costs and payment of wages. . In discussing taxes, which is the opposite of regressive? $4 trillion in revenue and $3.89 trillion in expenditures. That is the problem of study! In other words, deferred revenues are not yet revenues and therefore cannot yet be reported on the income statement. Operating Expenditure (Opex) Also known as operational expenditure and operating expense, it is an ongoing cost that a business has to spend to run its day-to-day operations. Opposite of the amount of money expected, required, or given in payment for something. When realized net income falls short of planned net income, a Revenue Deficit arises. Revenue provides a measure of the . Capital nature expenditures are those that result in future economic benefits. What is a capital expenditure versus a revenue expenditure? Usually the cost is recorded in a balance sheet account that is reported under the heading of Property, Plant and Equipment. Such expenses do not increase the profit earning . And also bring out the general threats of the expenditure cycle along with the procedure to control them. What is a Revenue Expenditure? We have noted earlier that national income and its various . antonyms. Lists. Real Expenditures 2. "She derives a healthy income from her home business.". What is a Revenue Deficit? An accrual is the recognition of the revenue or expense before cash is received or paid. Princeton's WordNet (2.00 / 1 vote) Rate these antonyms: gross, revenue, receipts (noun) the entire amount of income before any deductions are made. Loss - is the excess of expenditure incurred over revenue earned by a business for a given accounting period. synonyms. Noun, singular or mass Organic mattresses cost a bit more but are worth the extra expense if you can afford it. Median in IT Expenditure as a Percentage of Business Entity Revenue By Industry, 2015 Overall, IT spending as a percent of business entity revenue is 2.3% at the median. in which fiscal revenue, public expenditure and . Purchases of consumable items and services are revenue items, as well as items bought for manufacture or trading. Income or revenue, therefore, is the opposite of expenses. Aggregate Flows. What is a Revenue Expenditure? Budget receipts give its estimated money income that a government will receive from all its sources in a given financial year. In econometric The taxpayer won their appeal as the FTT confirmed . A contra revenue account is a revenue account that is expected to have a debit balance (instead of the usual credit balance ). Corporate income taxes. Departments submit their budget requests to the County Executive Office for review. It is the opposite of capital expenditure. It becomes exactly opposite in the second half of the financial year with revenue collection becoming lesser than the expenditure," said Kunal Mandwale, deputy chief accountant of PMC. definitions. 4.4/5 (29 Views . He believes that the impact of tax on expenditure is a positive relationship, the government tax increment will lead to more expenditure, so it is not suitable to reduce the deficit through tax increase. expenses. Recurrent Revenue. Revenue Expenditure. Antonyms for revenue include loss, shortfall, deficit, deficiency, debt, lack of profit, minus sum of money, debit, indebtedness and expense. ), from Latin revenire "return, come back," from re-"back" (see re-) + venire "come" (see venue). Revenue expenditures are those that are incurred and expensed during the year. Explain why? ACCT 472 Ch 3. Expense Reimbursement. Excess of revenue over expenses is the planned financial position that there will always be a sufficient amount of funds on hand to continue to run the not-for-profit entity for some period without additional funding; usually 3-4 months. The scope of this study involves the analysis of the relationship between tax revenue and public expenditure in Nigeria. Answer (1 of 6): Depreciation is a revenue expenditure. fire, theft, loss on sale of fixed assets, etc. A contra revenue account allows a company to see the original amount sold and to also see the items . This occurs when real revenue and/or actual expenditures do not match anticipated revenue and expenditures. Opposite of the general costs of running a business, such as rent, electricity, and stationery. Revenue expenditures are those that are incurred and expensed during the year. So, these are recorded on income s. Lists. a. The opposite of revenue deficit is revenue surplus, which arises when the actual amount of net income exceeds the projected amount of expenditure. The expenditure is classified into two components; the capital expenditure and the revenue expenditure. Occasionally, the university makes an agreement with an external entity to share the expenses of a particular activity. Capital nature expenditures are those that result in future economic benefits. In other words, its expected balance is contrary to—or opposite of—the usual credit balance in a revenue account. Don't forget, a budget is the reverse for the economy, to the dollar.A budget deficit says the government is spending in excess of tax. The opposite of a budget deficit is a budget surplus. Business operations - Relating to business activities. Synonyms for EXPENDITURE: charge, cost, disbursement, expense, outgo, outlay, effort, elbow grease In this blog, an attempt has been made to remove the confusion and uncertainty regarding this issue and provide a clear and better understanding of this . . Find more opposite words at wordhippo.com! So it would be recognised on the balance sheet. Capital expenditure (goodwill, the purchase of business premises, plant and machinery used in the business process and so on) in practice is the opposite of revenue expenditure. We have also identified that Sales are the most important source of income for a business. When companies report organic growth, this means they have boosted their size, revenue or market penetration by growing their own businesses and developing new ones. 2. Meanwhile, government purchases consist of routine expenditures and capital expenditures. Revenue Authorities consider the expenditure as capital in nature and income as revenue in nature whereas on the other hand assesses wish to treat the same in exactly the opposite manner. Under normal circumstances, operating expenses are incurred through business operations. Thus . "The most important source of state government revenue" "primarily transferred from federal government to state governments" "the most important source of local government revenue" all of these statements are true of . The issue at stake was whether deferred revenue expenditure (DRE) incurred on an asset becomes tax deductible on a sale of the asset. The budget for the city of Portage was approved at the beginning of the current fiscal year for estimated revenues of $2,100,000 and appropriations of $$2,000,000. Regardless, business entities must learn to manage such expenses to ensure profitability and sustainability of their business venture. and a surplus says the government. Characteristic # 1. 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