Question

what is revenuese recipts​

Answer 1

Explanation:

Revenue receipts can be defined as those receipts which neither create any liability nor cause any reduction in the assets of the government. For example, taxes received by the government, unlike borrowings, do not create any liabilities for it

Answer 2

Answer:

Revenue receipts can be defined as those receipts which neither create any liability nor cause any reduction in the assets of the government. ... For example, taxes received by the government, unlike borrowings, do not create any liabilities for it.