Question
What is capital expenditure? Give two examples.
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Answer
Capital Expenditure : Any expenditure by the Government that either creates an asset or reduces a liability is called capital expenditure.
Examples :
(i) Expenditure on the acquisition of land, building, machinery, equipment, etc.
(ii) Construction of school building.
Examples :
(i) Expenditure on the acquisition of land, building, machinery, equipment, etc.
(ii) Construction of school building.
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