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Government Budget: Receipts & Expenditure · Question 11 of 57

Question 11

EasyOriginal question

Revenue receipts are receipts that

create a liability for the governmentCorrect answerYour answercome from selling government assetsCorrect answerYour answerneither create a liability nor reduce the government's assetsCorrect answerYour answerare borrowed from the RBICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Taxes, fees and dividends are not paid back and do not use up assets: revenue receipts.

Concept: Revenue receipts
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsRevenue receipts: tax and non-tax

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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

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