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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 categorized as revenue receipts?
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Answer

Receipts from taxes are categorised as revenue receipts because they create neither any liability nor cause a reduction in the assets of the government.

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