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__________________ expenditures are those expenditures of the government which lead to creation of physical or financial assets or reduction of liabilities.
__________________ expenditures are those expenditures of the government which lead to creation of physical or financial assets or reduction of liabilities.
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Solution
The correct option is C Capital
Capital Expenditure are all those expenditure of the government that either creates an asset for the government or reduce the liability of the government. For example - Expenditure on land and building, purchase of shares etc.
Capital Expenditure are all those expenditure of the government that either creates an asset for the government or reduce the liability of the government. For example - Expenditure on land and building, purchase of shares etc.
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