Economy, asked by sirinriaz2278, 10 months ago

Why is Payment of Interest a Revenue Expenditure ?

Answers

Answered by ibolbam
1

Explanation:

Payment of Interest is treated as a Revenue expenditure because it does not lead to any creation of assets or reduces the Liabilities of the Government. ... Subsidies are treated as a Revenue expenditure because it does not lead to any creation of assets or reduces the Liabilities of the Government.

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