The capital receipt is that receipt of the government which

Creates a liability

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Reduces the assets

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Both A and B

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Neither A nor B

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Solution

The correct option is C
Both A and B

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

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Similar questions

Which among the following statement(s) is/ are correct?

Codes :

Which receipts of government budget are referred to when there is neither the increase in liability nor the decrease in assets?

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