Question : ___________________________ refers to those expenditure which neither creates any assets nor causes reduction in any liabilities of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Answer (1)
26th Jan, 2024
Correct Answer:
Revenue expenditure.
Solution : Revenue expenditure refers to those expenditure which neither creates any assets nor causes reduction in any liabilities of the government.
Hence, Option D is correct.
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