Economics · Government Budgeting
Expenditure incurred by a government with the object of creating concrete assets of a material character or reducing liabilities is classified under which of the following accounts?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Capital Expenditure✓
- 2Non-Recurring Expenditure
- 3Revenue Expenditure
- 4Recurring Expenditure
Correct answer
Capital Expenditure
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