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
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.
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.