Economics · Fiscal Policy

Government receipts which neither create any corresponding liability nor lead to a reduction in assets are categorized as ______.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1principal receipts
2capital receipts
3returns receipts
4revenue receipts✓

Correct answer

revenue receipts

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Government receipts which neither create any corresponding liability nor lead to a reduction in assets are categorized as ______.

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Government receipts which neither create any corresponding liability nor lead to a reduction in assets are categorized as ______.

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