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One of the two components of government expenditure in the budget are

  • a)
    Budget receipts

  • b)
    Revenue Expenditure

  • c)
    Expenditure receipts

  • d)
    Revenue receipts

Correct answer is option 'B'. Can you explain this answer?
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One of the two components of government expenditure in the budget area...
A revenue expenditure is an amount that is expensed immediately—thereby being matched with revenues of the current accounting period. Routine repairs are revenue expenditures because they are charged directly to an account such as Repairs and Maintenance Expense.
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One of the two components of government expenditure in the budget area...
These are the type of expenditure which niether creates asset of government nor reduces liabilities of government....Some basic examples are:- Subsidy allowed- Defence purchases- Interest payments
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One of the two components of government expenditure in the budget area)Budget receiptsb)Revenue Expenditurec)Expenditure receiptsd)Revenue receiptsCorrect answer is option 'B'. Can you explain this answer?
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