Expenditures of the government which result in creation of physical or financial assets or reduction in financial liabilities is known as:

Which one attracts both GST and Central Excise Duty?

For the business community, which of the following relates to the Budget 2022 ?

FRBMA stands for:

Wealth tax and gift tax have never bought in large amount of revenue for the government and thus are referred to as _______.

Public Goods are always :

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: