Categorize the following items into Revenue and Capital Expenditure.
Statement-Grants given to State Governments.
Statement-Grants given to State Governments.
Download our app for free and get started
Revenue expenditure.
Reason: It creates neither any asset nor reduces any liability of the government.
Reason: It creates neither any asset nor reduces any liability of the government.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionDefine revenue deficit.
- 2View SolutionCategorize the following items into Revenue and Capital Receipts.
Statement-Dividends on investments made by government. - 3View SolutionCategorize the following items into Revenue and Capital Receipts.
Statement-Profits of LIC, a public enterprise. - 4View SolutionDefine balanced budget.
- 5View SolutionName two components (or parts) of a government budget.
- 6View SolutionWhen total expenditure = ₹ 63 lakh, revenue receipts = ₹ 27 lakh, capital receipts = ₹ 44 lakh, capital receipts net of borrowings = ₹ 22 lakh, then fiscal deficit will be ₹ 14 lakh. (True/ False)
- 7View SolutionCategorize the following items into Direct and Indirect Taxes.
Statement-Wealth tax. - 8View SolutionWhen was GST implemented?
- 9View SolutionCategorize the following items into Revenue and Capital Expenditure.
10% shares purchased by the government in a private company. - 10View SolutionWho collects sales tax in India: The Central Government or The State Government?