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Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer?.

Solutions for Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Class 12. Download more important topics, notes, lectures and mock test series for Class 12 Exam by signing up for free.

Here you can find the meaning of Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following statements carefully and choose the correct alternative:Statement 1: Payment of salaries and interest is a revenue expenditure.Statement 2: Revenue expenditure can be defined as the expenditure which leads to neither creation of asset nor reduction in liability of the government.a)Both the statements are true.b)Both the statements are false.c)Statement 1 is true but statement 2 is false.d)Statement 1 is false but statement 2 is true.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Class 12 tests.