Construction of fly-over is a revenue expenditure of the government. True or false with reason
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Construction of flyover is not a revenue expenditure because revenue expenditure refers to the estimated expenditure in a fiscal year which does not create assets for the government or cause reduction in liabilities for the government.
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Answer:
Construction of flyover is not a revenue expenditure because revenue expenditure refers to the estimated expenditure in a fiscal year which does not create assets for the government or cause reduction in liabilities for the government.
Explanation:
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