📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Which of the following can be defined as those that

    neither create any liability nor cause any reduction in the government's assets?
    A Capital Account Correct Answer Incorrect Answer
    B Capital Receipts Correct Answer Incorrect Answer
    C Revenue Receipts Correct Answer Incorrect Answer
    D Saving Account Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Revenue receipts can be defined as those that neither create any liability nor cause any reduction in the government's assets.

    Practice Next
    More ESI Questions
    ask-question