A surplus is when you have more of something than you need or plan to use. For example, when you cook a meal, if you have food remaining after everyone has eaten, you have a surplus of food.
A budget surplus occurs when government brings in more from taxation than it spends. Budget surpluses are not always beneficial as they can create deflation and economic growth. Budget surpluses are not necessarily bad or good, but prolonged periods of surpluses or deficits can cause significant problems.
noun plural -pluses. a quantity or amount in excess of what is required. accounting. an excess of total assets over total liabilities.
1 : a state of balance between opposing forces or actions. 2 : the normal balanced state of the body that is maintained by the inner ear and that keeps a person or animal from falling. equilibrium.
Surplus in a Sentence ????
The Society was able to invest surplus cash in land. Any surplus of revenue beyond that necessary to provide 4% interest and I% sinking fund was to be handed over to the government. The bowl incorporates a drip and ash tray for all surplus waste.
Coquetry in a Sentence ????
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price.
Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. Smith is most famous for his 1776 book, The Wealth of Nations.
Marginalism is the economic principle that economic decisions are made and economic behavior occurs in terms of incremental units, rather than categorically. The key focus of marginalism is that asking how much, more or less, of an activity (production, consumption, buying, selling, etc.)
Surplus is the amount of an asset or resource that exceeds the portion that is utilized. To calculate consumer surplus one merely needs to subtract the actual price the consumer paid by the amount they were willing to pay.
In the accounting area, a surplus refers to the amount of retained earnings recorded on an entity's balance sheet; a surplus is considered to be good, since it implies that there are excess resources available that can be used in the future.
A surplus country saves more than it invests whereas the reverse is true for a deficit country. Since saving is the difference between income and consumption, and expenditure consists of consumption and investment, it is also possible to view the current account balance as the difference between saving and investment.
A surplus in Profit and Loss Account - Its meaning in Accounting Parlance. In Accounting Parlance, the term "Surplus in the profit and loss account "is used to refer to the credit balance in the profit and loss account after providing for dividends, bonuses, provision for taxation, and general reserves.
In Non profit organisations, surplus occurs when it's revenue exceeds expenses ( means when revenue is more than expenses of organisation) while on the other hand, deficit occurs when it's expenses exceeds revenue (means when expenses are more than revenue of organisation).
A cash surplus is the cash that exceeds the cash required for day-to-day operations. How you handle your cash surplus is just as important as the management of money into and out of your cash flow cycle. Two of the most common uses of extra cash are: Paying down your debt.
Gross surplus is funding less cost of funding, and surplus (or deficit) is gross surplus less operating expenses and taxes. The result is surplus if it is positive, deficit if it is negative.
A nonprofit can have a surplus at the end of the tax year, and although it is not usually desirable, it can sometimes be okay for a nonprofit to have a deficit.
Before the pandemic, the federal government periodically ran monthly surpluses, including in January, April and September in both 2018 and 2019. The government last had an annual surplus in the 2001 fiscal year.
Countries With The Highest Budget Surplus vs GDP
|Rank||Country||Surplus (as % of GDP)|