Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.
CBSE DELHI - SET 1 2013
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Expenditure that neither creates an asset nor reduces a liability is called revenue expenditure.
Example: Payment of salaries, etc.
Expenditure that either creates an asset or reduces a liability is called Capital expenditure.
Example: Construction of roads, etc.
Example: Payment of salaries, etc.
Expenditure that either creates an asset or reduces a liability is called Capital expenditure.
Example: Construction of roads, etc.
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