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      Question

      Which of the following can be defined as those that

      neither create any liability nor cause any reduction in the government's assets?
      A Capital Account Correct Answer Incorrect Answer
      B Capital Receipts Correct Answer Incorrect Answer
      C Revenue Receipts Correct Answer Incorrect Answer
      D Saving Account Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Revenue receipts can be defined as those that neither create any liability nor cause any reduction in the government's assets.

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