Surplus and Deficiency.
The fact that the year’s budget shows a surplus does not. necessarily mean that it forecasts a profit on the year’s operations, nor is the amount, of the deficit shown in the budget an estimate of the probable loss lor the year. The, budget surplus is merely the amount by which the total estimate of cash to be received exceeds the total estimate of cash payments to bo made. In order to accurately estimate the year’s profit or loss, it would be necessary to go into the question of appreciation or depreciation, etc. Possible improvements and economies that may assist to reduce a deficiency or increase a surplus shown in the budget may best be estimated by considering each section of the budget sopar-
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Bibliographic details
Wanganui Chronicle, Volume 74, Issue 114, 16 May 1931, Page 8 (Supplement)
Word Count
127Surplus and Deficiency. Wanganui Chronicle, Volume 74, Issue 114, 16 May 1931, Page 8 (Supplement)
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