Question 17
MediumOriginal questionWhich of these is NOT a revenue receipt?
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Borrowing creates a liability, so it is a capital receipt.
- Concept
- Spotting capital receipts
- Typical timeTypical
- 70 s
- Your timeYours
- —
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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.