Question : Fill in the blanks-
Foreign aids against flood relief is a ________ receipts.
Option 1: Revenue
Option 2: Capital
Option 3: Both A and B
Option 4: Neither A nor B.
Answer (1)
25th Jan, 2024
Correct Answer:
Revenue
Solution :
Foreign aid against flood relief is a revenue receipts because it neither reduces assets nor creates assets.
Hence Option A is correct.
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