Differentiate between Revenue Receipts and Capital Receipts.

1.	Differentiate between Revenue Receipts and Capital Receipts.
Answer» Revenue receipts are those money receipts which do not create a liability for the government and also do not lead to reduction in assets of the government. Capital receipts are those money receipts of the government which either create a liability for the government or cause a reduction in its assets.

Answer»

Revenue receipts are those money receipts which do not create a liability for the government and also do not lead to reduction in assets of the government.

Capital receipts are those money receipts of the government which either create a liability for the government or cause a reduction in its assets.

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Differentiate between Revenue Receipts and Capital Receipts.

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