Question : ___________________ refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Answer (1)
15th Jan, 2024
Correct Answer:
Capital expenditure
Solution : Capital expenditure refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Hence, Option B is correct.
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