Question

fill in the blanks - the income expenditure, revenue collection were handled by the..........​

Answer 1

Answer:-

Expenditure on purchasing computers is a capital expenditure as capital expenditure refers to the estimated expenditure in a fiscal year which creates assets for the government and causes reduction in liabilities for the government.

Whereas, expenditure on collection of tax is a revenue expenditure as revenue expenditure refers to the estimated expenditure in a fiscal year which does not create assets for the government or reduction in liabilities.

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