Question:
All those elements which create liability and decrease the assets of government are known as :
All those elements which create liability and decrease the assets of government are known as :
Updated On: Oct 29, 2024
- Capital Receipts
- Capital Payments
- Revenue Receipts
- Revenue Payments
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The Correct Option is A
Solution and Explanation
Capital Receipts include loans, borrowings, and the sale of assets, which increase liabilities or reduce assets.
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