Question : Which of the following is recurring in nature?
Option 1: Revenue expenditure
Option 2: Capital expenditure
Option 3: Capital receipt
Option 4: Both B and C.
Correct Answer: Revenue expenditure
Solution : The revenue expenditure is recurring in nature. It does not bring any change in the assets and liabilities of the government. Hence Option A is correct.
Question : Which of the following is non-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 : Income and expenditure account records income and expenditure of :
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