Receipts in budget can be capital or revenue Which of these is are capital receipts 1 ...........

Economic Affairs Public Finance and Debt Management

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Receipts in budget can be capital or revenue. Which of these is/are capital receipts?

1. Loan recoveries

2. Provident funds deposits

3. Grants

Select the correct answer using the codes given below.

1 only

2 only

1 and 2 only

1 and 3 only

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Explanation:

Grants are not part of Capital receipt.
Capital receipts are a non-recurring incoming cash flow into your business, which leads to the creation of a liability (a debt to be paid in the future) and a decrease in company assets (resources that lead to capital gain).