Which among the following statements is- are correct-1- Those receipts which either increase liabilities or reduce assets of government are called Revenue Receipts-2- Those receipts which neither increase liability of government nor decreases assets of government are called as Capital Receipts-3- Capital Expenditure is that expenditure which either reduce liabilities of the government or increase the assets of government-Codes-

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Household Income

Which among t...

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

Codes :

1 only

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3 only

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1 and 2 only

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2 and 3 only

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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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