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Q. Allocation head for Revenue Expenditure?
All revenue expenditure is recorded in revenue allocation registers by various heads of accounts classification, The expenditure on ordinary revenue works for which detailed estimated are prepared e.g. estimates for reconditioning of assets in recorded in works registered as it is incurred and watched against detailed provisions in the estimates.
The expenditure recorded in these estimates is finally transferred to revenue allocation registers through the aid of which the expenditure is controlled against sanctioned budget allocations.
What are retained earnings? Why are they important? Retained earnings represent the total of all the earnings available to common stockholders of a business during its complet
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1. The standard approach here is to calculate some conventional ratios. These ratios can afterwards be used along with regression analysis to estimate the default probability.
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