9. Which statement is incorrect? I. An increase in the general price index means that the purchasing power of money’  has decrease. II. A decrease in the general price index means that the purchasing power of money’ has  increase. 10. Which statement is correct? I. Intangible assets cannot be treated as having an indefinite useful life. II. Intangible assets with a finite useful life shall be measured at cost and tested annually  for impairment

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Public Saving

Public saving deals with the amount which has been in excess after meeting all the obligatory expenses and investment of the government. Taxes are collected by the government to meet its day-to-day expenditures. The obligatory expenses include all those expenses which are mandatory for the government. It cannot be avoided as it is inevitable.