| Explain any four precautions that are required to be taken care of while calculating national income by expenditure method. |
| or |
| Calculate sales from the following data. |
| S. No. | Items | (Rs.) in lakhs |
| (i) | Net Value Added at Factor Cost\[(NV{{A}_{FC}})\] | 300 |
| (ii) | Intermediate Consumption | 200 |
| (iii) | Indirect Tax | 20 |
| (iv) | Depreciation | 30 |
| (v) | Change in Stock | (-)50 |
Answer:
Sales = Rs.600 lakh
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