Question : Which of the following is non-recurring in nature?
Option 1: Revenue expenditure
Option 2: Capital receipts
Option 3: Revenue receipt
Option 4: Both A and C.
Correct Answer: Capital receipts
Solution : The capital receipts is non-recurring in nature. It brings change in the assets and liabilities of the government. Hence Option B is correct.
Question : Which of the following is recurring in nature?
Question : Which of the following statements are true?
Statement 1- Revenue receipt are regular and recurring in nature.
Statement 2- Capital receipts are regular and non-recurring in nature.
Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
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