Government granting old age pensions does not fall under capital budget. State true or false.

True

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False

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Solution

The correct option is A
True

Old age pensions do not have an impact on the balance sheet i.e, they do not change the assets or liabilities. So they do not fall under the capital budget.

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Government granting old age pensions does not fall under capital budget. State true or false.

The correct option is A True Old age pensions do not have an impact on the balance sheet i.e, they do not change the assets or liabilities. So they do not fall under the capital budget.

The correct option is A
True

Old age pensions do not have an impact on the balance sheet i.e, they do not change the assets or liabilities. So they do not fall under the capital budget.