Expenditure by a firm on payment of fees to a chartered accountant is included/excluded in National Income.
Expenditure by a firm on payment of fees to a chartered accountant is included/excluded in National Income.
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Answer
No,
It is an intermediate expenditure for the firm because it involves the purchase of services by one production unit (firm) from another production unit (lawyer). So, it is deducted from the value of the output of the firm to arrive at the value added. So, it is not included in the national Income.
Anurag Pathak Changed status to publish
