National Income Accounting

Occupation wise an economy is broadly divided into primary, secondary and tertiary sectors. Primary sector includes production units producing goods by ...

Meaning and of Social Development. Social development in simple terms is process in which society develops. As society matures, the standard of living of ...

Manufacturing units are of two types: registered or organized manufacturing and unregistered or unorganized manufacturing. Registered manufacturing are those ...

Intermediate consumption by non-financial industrial establishments: Goods and services used fully during the process of production are intermediate ...

While carrying process of production, machinery and other capital equipment's are used and undergo wear and tear. Thus, their useful life gets reduced. This ...

National Income at Constant Prices: When goods and services produced in an accounting year are valued at the base year prices, it is called national income ...

Intermediate Consumption: Intermediate consumption is consumption of goods and services not for direct satisfaction but for further use to produce goods ...

Allocable Surplus : "Allocable surplus" means: In relation to an employer, being a company (other than a banking company) which has not made the ...

Wages : Wages means all remuneration (whether by way of salary, allowances, or otherwise) expressed in terms of money or capable of being so expressed ...

Section 8 provides criteria for the eligibility for bonus. Every employee receiving salary or wages upto 10,000 per month and engaged in any kind of work ...

According to Section 2 (e), 'employee' means any person (other than an apprentice) employed on wages in any establishment, factory, mine, oil field plantation, ...

Double counting in accounting is an error whereby a transaction is counted more than once. For example, the costs of intermediate goods used by a business to ...

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