Back
Hiral Jain
Content writer • 1y
The above paragraph is brief about national income accounting This accounting is done by countries to ascertain their position, plan for the future etc. Is NIA an easy task? Definitely not! Therefore it is subdivided We first collect districts' national income then their state's national income and then we aggregate it as our country's national income! There are many things that are added and subtracted In this whole process Ex: depreciation, NFIA (The difference of money we pay to foreign countries, money we earn from foreign country) And we all are a part of this whole process (people who are above 18 and are earning) Fact: the income earned by people below 18 isn't included and income earned by people above 59 is also not included
Replies (1)
More like this
Recommendations from Medial
Hiral Jain
Content writer • 1y
Hey there, folks! Did you know that countries have not one but three methods to calculate their national income? And each method is unique in its way. The method used to calculate a country's GDP is the Product Method, also known as the Value-Added M
See More
Recouptax Consultancy Services
Onestop solution for... • 2m
Hi Guys, Does anyone need help with book keeping, accounting, Gst filing/TDS filing services. We are offering affordable and reliable services for Individual Tax Filings, Book keeping, Accounting, GST & TDS filings and all other registrations.
Kundan Karmakar
A Billionair at 2044 • 3m
we are looking for a Technical Co-Founder, Not just Knowledge but also practical and Creative skills in Coding, Integration, API. As our Technology is too complex. must be above 18 Achieved Certificates regarding it. IIT and Equivalents are most
See More
Download the medial app to read full posts, comements and news.