Revenues example sentences

To obtain an estimate of borrowing on account of current expenditures exceeding revenues, we need to calculate what has been called the primary deficit.For example, if an economy experiences a recession and GDP falls, tax revenues fall because firms and households pay lower taxes when they earn less.If this is not achieved through tax revenues, the necessary adjustment has to come from a reduction in expenditure.Instead, they collected revenues from peasants and zamindars in India, and used this revenue to buy Indian textiles.Revenue Receipts: Revenue receipts are divided into tax and non-tax revenues.In order to survive, an organisation must earn enough revenues to cover costs.The matching concept, thus, implies that all revenues earned during an accounting year, whether received during that year, or not and all costs incurred, whether paid during the year, or not should be taken into account while ascertaining profit or loss for that year.Residents had been stationed in many courts, the freedom of the rulers reduced, their armed forces disbanded, and their revenues and territories taken away by stages.It may be noted that normally accrual basis of accounting is followed for measuring the revenues and expenses for the period.The accounts of jagirdars were checked to prevent cheating and the revenues of all districts were reassessed by officials appointed by the Nawab's court.All costs and revenues directly and exclusively related to such activity are recorded in the trading account.We may point out that the final expenditure incurred by the government includes both the consumption and investment expenditure (d) the export revenues that firm i earns by selling its goods and services abroad.In Greece, accounting was used for apportioning the revenues received among treasuries, maintaining total receipts, total payments and balance of government financial transactions.A cost or expense centre is a segment of an organisation in which managers are held responsible for the cost incurred in the centre but not for the revenues.Tax revenues, an important component of revenue receipts, comprise of direct taxes – which fall directly on individuals (personal income tax) and firms (corporation tax), and indirect taxes like excise taxes (duties levied on goods produced within the country), customs duties (taxes imposed on goods imported into and exported out of India) and service tax.