Advertisements
Advertisements
Question
Government spending on law and order is an example of:
Options
Capital receipts
Revenue receipts
Capital expenditure
Revenue expenditure
MCQ
Advertisements
Solution
Spending on law and order is part of the day-to-day functioning of the government. It neither creates any assets nor reduces any liabilities, which makes it revenue expenditure.
shaalaa.com
Is there an error in this question or solution?
