Which is a component of the Budget Receipt ........

Which is a component of the Budget Receipt?

Revenue Receipt

Capital Receipt

Both (a) and (b)

None of the above

- Revenue Receipt:

- Comprises of all receipts that do not create liabilities or reduce assets.

- Includes taxes, dividends, and grants.

- Capital Receipt:

- Involves receipts that either create liabilities or reduce financial assets.

- Examples include loans, borrowings, and disinvestment proceeds.

- Both (a) and (b):

- Revenue Receipts and Capital Receipts are both components of the Budget Receipt.

- ?? It is the correct option.

- None of the above:

- This would imply neither Revenue nor Capital Receipts are part of Budget Receipts, which is incorrect.

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