Categorize the items into Revenue and Capital Receipts. Statement—P

1.	Categorize the items into Revenue and Capital Receipts. Statement—Profits of public sector undertakings.
Answer» Revenue receipt. Reason: It creates neither any liability nor reduces any asset of the government.

Categorize the items into Revenue and Capital Receipts. Statement—Profits of public sector undertakings.

Answer»

Revenue receipt.

Reason: It creates neither any liability nor reduces any asset of the government.

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Categorize the items into Revenue and Capital Receipts. Statement—Profits of public sector undertakings.

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