Distinguish between revenue receipts and capital receipts in a government budget. Give example in each case.
CBSE OUTSIDE DELHI - SET 1 2012
Download our app for free and get started
Revenue receipts are reciepts which neither reduce assets nor increase liabilities.
Example: tax, etc.
Capital receipts are receipts which either reduce assets or increase liabilities.
Example: borrowing, etc.
Example: tax, etc.
Capital receipts are receipts which either reduce assets or increase liabilities.
Example: borrowing, etc.
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 SolutionExplain the two components of government budget.
- 2View SolutionGiving reasons, classify the following into direct and indirect tax:
- Wealth tax.
- Value added tax.
- Entertainment tax.
- Income tax.
- 3View SolutionExplain the relationship between revenue deficit and fiscal deficit. Can there be fiscal deficit without a revenue deficit?
- 4View SolutionHow progressive tax structure can help in reducing inequality of income?
- 5View SolutionDoes public debt impose a burden? Explain.
- 6View SolutionDefine capital receipts of government. Describe briefly the groups in which these are classified.
- 7View SolutionExplain "primary deficit' in a government budget. What does it indicate?
- 8View SolutionDefine capital receipts of government. Describe briefly the groups in which these are classified.
- 9View SolutionExplain any one objective of Government Budget.
- 10View SolutionGive meaning of capital expenditure and revenue expenditure in a government budget and an example of each.