Question : Which of the following statement are true?

1. Grants received from World Bank is the revenue receipt.
2. Sale of public sector undertaking is a capital receipt.

Question : Which of the following statement are true?

1. Corporate tax is revenue receipts.
2. Tax receipt is a capital receipt

Question : Which of the following statement are true?

1. Borrowings from public is the revenue receipt.
2. Fees of government College is a capital receipt

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 are true?

1. Salary received by Rakesh from a company is a factor income.
2. Bonus received on Diwali is a factor income.