Question

Give reason "Revenue receipts and Revenue expenditure is known as Revenue Budget".

Answer 1

revenue budget consiste of items which neither lead to a change in the assets nor changes the liabilities of the govt. in other words it consists of the revenue receipts and revenue expenditure as they do not change either the liabilities or the assets of the govt.

Answer 2

Heya ____

Ans ______

Revenue receipts and revenue expenditures are known as revenue budget...

Because ____

Budget has two components that are receipts and expenditure so after adding both we get the budget....

In revenue budget we add revenue recipient and revenue expenditures...

Thank you