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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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