Question

Analysis of the school college transaction school college transaction reviews and capital receipt and review and capital expenditure

Answer 1

Explanation:

Capital receipts are those that come from the non-operating activities of the company whereas the revenue receipts occur from the operating activities of the company

Capital Receipts appears on the liabilities side of the Balance Sheet whereas Revenue Receipts appears on the credit side of the Profit and Loss Account as income for the financial year

Now capital receipts of school would include the school building, the equipment inside schools, any loans that school has taken etc while revenue receipts include the school fees, any donation, claims reimbursements etc

Answer 2

Managing public finances has become one of the government's main roles. The further explanation is given below.

Explanation:

• The governmental statement is developed practicable by supporting economic growth from personal income tax as well as other revenues, as well as the government requires certain taxes underneath the jurisdiction including its Oireachtas but instead determines mostly on items about which government funds are to be expended.
• The government's responsibility is good enough to justify the educational exchange into income.

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