CBSE BOARD XII, asked by yrishu009, 4 months ago

Loans from world bank is a revenue receipt. Explain this statement in brief? For 3 marks

Answers

Answered by Anonymous

Answer:

Money borrowed from World Bank at low interest rate creates liability or reduce assets and thus treated as capital receipt. Grants are counted as revenue receipts.

Answered by krishankumarmeel31

Explanation:

Money borrowed from World Bank at low interest rate creates liability or reduce assets and thus treated as capital receipt. Grants are counted as revenue receipts.

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