Question

Analysis of the school/college transaction into revenue and capital receipt and revenue and capital expenditure

Answer 1

The management of public finance is one of the essential functions of government.

Government action is made possible through the rising of revenue from taxation and other sources and, under the authority of the Oireachtas, the government imposes these taxes and decides on the objects on which public money will be spent.

The school transaction into revenue is worth the government money.