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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 is interest on loans received categorised as revenue receipt?
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Answer

Interest on loans received is categorised as revenue receipt, because this receipt neither creates a liability nor leads to any reduction in assets.

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