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Question

The Annual Financial Statement distinguishes the expenditure on which of the following account from the expenditure on other accounts, as is mandated in the Constitution of India?

A Revenue account Correct Answer Incorrect Answer
B Debt Account Correct Answer Incorrect Answer
C Public Account Correct Answer Incorrect Answer
D Market Account Correct Answer Incorrect Answer
E Consolidated Account Correct Answer Incorrect Answer

Solution

The Annual Financial Statement distinguishes the expenditure on revenue account from the expenditure on other accounts, as is mandated in the Constitution of India.

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