Government Revenue and Expenditure

This lesson covers the classification of government revenue into revenue receipts and capital receipts. It also explains government expenditure, distinguishing between capital and recurrent expenditure. Students will learn how to prepare statements of revenue and expenditure accounts.

• 07:15 “1.002 and so on and so forth. So all you need to do is to pick out the items of expenditure, pick out the items of revenue and prepare the statements of revenue and expenditure. Now let's look at these items. Of course y...”
• 06:21 “items. This 1.001 signifies expenditure while anything starting with 2 signifies revenue. So preparing the revenue and expenditure statements is a straightforward thing. All you need to do is to pick out all your revenue...”
• 08:00 “interest on fixed deposits accounts is a revenue item, but allocation is a revenue item, rent from shops is a revenue item, sanitation fees is a revenue item, thinking of balls is an expenditure item and then constructio...”