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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.
By: santosh ProfileResourcesReport error
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