Economics · Government Budgeting
The expenditure incurred on acquiring fixed and intangible assets, upgrading or repairing existing physical assets to increase their life, and repayment of loans is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1capital receipt
- 2capital expenditure✓
- 3revenue expenditure
- 4revenue receipt
Correct answer
capital expenditure
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