Question : Which of the following is recurring in nature?
Option 1: Revenue receipts
Option 2: Capital expenditure
Option 3: Capital receipt
Option 4: Both B and C.
Answer (1)
23rd Jan, 2024
Correct Answer:
Revenue receipts
Solution :
The revenue receipt is recurring in nature. It does not bring any change in the assets and liabilities of the government.
Hence Option A is correct.
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