Question : _________________ refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Answer (1)
24th Jan, 2024
Correct Answer:
Revenue receipts
Solution : Revenue receipts refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.
Hence, Option C is correct.
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