Give meanings of capital receipts and revenue receipts with an example of each.
CBSE DELHI - SET 1 2008
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Government receipts that either create liabilities or reduce assets are called capital receipts.Example: Borrowing, Disinvestment, etc.
Government receipts that neither create any liability nor reduce any asset are called revenue receipts.
Example: Tax, Dividend, etc.
Government receipts that neither create any liability nor reduce any asset are called revenue receipts.
Example: Tax, Dividend, etc.
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