Question

What it's revenue reciept?

Answer 1

Explanation:

Revenue receipts can be defined as thosereceipts 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 reciepts can be defined as those reciepts which neither create any liability nor cause any reduction in the assets of government . for example taxes received by the government