________________ either increases assets or reduces liability.

Revenue Expenditure

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Capital Expenditure

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Revenue Receipt

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Capital Receipt

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Solution

The correct option is B
Capital Expenditure

Capital expenditure either increases assets or reduces liability.

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Similar questions

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

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In a government budget, if revenue receipts = Rs. 100 lakh, capital receipts = Rs. 50 lakh and revenue deficit = Rs. 25 lakh, how much is the revenue expenditure?

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________________ either increases assets or reduces liability.

The correct option is B Capital Expenditure Capital expenditure either increases assets or reduces liability.

The correct option is B
Capital Expenditure

Capital expenditure either increases assets or reduces liability.