Question : Which of the following statement are true?

1. Construction of school building in a capital receipt. 
2. Expenditure incurred on administrative and defence service is a capital expenditure 

Question : Which of the following statement are true?

1. Expenditure on scholarship is a capital expenditure.
2. Subsidies is a revenue expenditure

Question : Which of the following statement are true?

1. Defence capital equipment purchased from Russia is a capital expenditure.
2. Grants given to state government is a revenue expenditure.

Question : Which of the following statement are true?

1. Recovery of loan is a capital receipt.
2. Interest received in loans is a capital receipts.

Question : Which of the following statement are true?

1. Profit of public sector undertaking is a revenue receipts.
2. Disinvestment is a capital expenditure.