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Defence revenue expenditure is also known as |
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Answer» Revenue EXPENDITURE refers to the expenditure which neither creates any asset nor causes reduction in any liability of the government. ... EXAMPLES: Payment of salaries, pensions, interests, expenditure on ADMINISTRATIVE spends, defence services, health services, grants state, etc.Revenue expenditures are typically REFERRED to as ongoing operating expenses, which are short-term expenses that are used in running the DAILY business operations.Follow ❤️ |
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