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Classify the Following Statement as a Revenue Receipt Or Capital Receipt. Give Valid Reasons in Support of Your Answer. Financial Help from a Multinational Corporation for Victims in - Economics

Short Note

Classify the following statement as a revenue receipt or capital receipt. Give valid reasons in support of your answer.
Financial help from a multinational corporation for victims in a flood-affected area.

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Solution

Financial help from a multinational corporation for victims in a flood affected area is a revenue receipt. This is because it neither creates any liability nor it creates any reduction in the assets of the government. 

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