Which of the following do not form a part of revenue receipts of the government?

Custom Duties

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Expenditure tax

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Fees and Fines

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Provident Funds

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Solution

The correct option is D Provident Funds
Government receipts which neither create asset nor reduce any liability are called Revenue Receipts. Example:Rent received, Discount received from suppliers, vendors or creditors. Dividend received, Interest earned, Custom duties, Expenditure Tax, Fees and fines etc

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In an annual financial statement, the government receipts are divided into revenue and capital receipts. Which of the following are revenue receipts?

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