revenue receipts are those receipts by which government (a) assets do not fall (b) assets do fall. (c) liability do not fall. (d) both a and c.
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Government receipts which neither create asset nor reduce any liability are called Revenue Receipts. Essentially, these are current income receipts for the government from all sources. Revenue Receipts are further classified into tax revenue and non-tax revenue.
Explanation:
your answer is (a) liability do not fall
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