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    5. The receipts which neither create any liability nor reduce any asset are called ______.

    Question

    The receipts which neither create any liability nor

    reduce any asset are called ______.
    A revenue receipts Correct Answer Incorrect Answer
    B returns receipts Correct Answer Incorrect Answer
    C capital receipts Correct Answer Incorrect Answer
    D principal receipts Correct Answer Incorrect Answer

    Solution

    The correct answer is A

    Practice Next
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