Identify the correct statements from the following: A. Revenue expenditure is any lay out that result in a decrease in financial assets or an increase in financial liabilities B. Capital expenditure is expenditure which results in creation of financial assets or reduction in financial liabilities C. Capital receipts are receipts which leads to reduction in financial assets or creation of liability D. Revenue receipts are receipts which lead to decrease in financial assets or increase of financial liability E. Revenue receipts are receipts which neither lead to reduction in financial assets nor creation of financial liability Choose the correct answer from the options given below:

Question

Option 1: (A), (C), (D) only

Option 2: (C), (D), (E) only

Option 3: (B), (C), (E) only

Option 4: (A), (D), (E) only

AfterBoards · Accepted Answer

The answer is '(B), (C), (E) only'. View full solution:

CUET Economics PYQs

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