Question
Which of the following is not a revenue receipt?
Answer: Option A
:
A
Recovery of loanseither create a liability or cause a reduction in the assets of the government. Therefore, they are capital receipts. Other options are revenue receipts.
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:
A
Recovery of loanseither create a liability or cause a reduction in the assets of the government. Therefore, they are capital receipts. Other options are revenue receipts.
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