Reciepts and payments account includes:

Revenue items

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Capital items

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Both capital and revenue items

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None of these

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Solution

The correct option is C
Both capital and revenue items

Receipts and payments account includes both capital and revenue items

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Similar questions

Receipts and Payments A/c is a summary of ___

Receipts and Payments A/c is a summary of -

Calculate Revenue Deficit, Fiscal Deficit and Primary Deficit from the following data:

Items (Rs in crore)

(i) Revenue expenditure 22,250

(ii) Capital expenditure 28,000

(iii) Revenue receipts 17,750

(iv) Capital receipts (net of borrowing) 20,000

(v) Interest payments 5,000

(vi) Borrowings 12,500

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