Categorize the following items into Revenue and Capital Expenditure.
Statement-Salary paid to Army officers.
Statement-Salary paid to Army officers.
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 budget deficit.
- 2View SolutionPrice elasticity of supply of a good is 0.8. Is the supply ‘elastic’ or ‘inelastic’, and why?
- 3View SolutionWhat is meant by revenue deficit?
- 4View SolutionWhy are the borrowings by the government treated as capital receipts?
- 5View SolutionWhen was GST implemented?
- 6View SolutionWhat is revenue deficit?
- 7View SolutionWhat does zero primary deficit mean?
- 8View SolutionWhat is primary deficit?
- 9View SolutionCategorize the following items into Revenue and Capital Expenditure.
Statement-Grants given by central government to state government. - 10View SolutionCategorize the following items into Revenue and Capital Receipts.
Statement-Dividends on investments made by government.