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Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Why are receipts from taxes categorised as revenue receipts?
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Answer

Receipts from taxes are categorised as revenue receipts, because these receipts neither create a liability nor lead to a reduction in assets.

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