Question

42. Capital receipts does not include​

Answer 1

Answer:

Capital receipts refers to those money receipts which either create a liability for the government or cause reduction in assets of the government. Thus, borrowings and other liabilities are included in capital receipts.

Answer 2

Capital receipts refers to those money receipts which either create a liability for the government or cause reduction in assets of the government. Thus, borrowings and other liabilities are included in capital receipts.

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