how is recovery of loan a capital receipt?
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Recovery of loan is a capital receipt because it causes a reduction in the assests of the government. Capital receipts are defined as those receipts which either create a liability or cause a reduction in the assets. Recovery of loans satisfies the definition, hence it is a capital receipt....
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Recovery of loan is a capital receipt because it causes a reduction in the assests of the government. Capital receipts are defined as those receipts which either create a liability or cause a reduction in the assets. Recovery of loans satisfies the definition, hence it is a capital receipt.
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