Capital Receipt is the receipt which ___

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Capital Receipt is the receipt which ____________.

Options:

Increase Assets or Decrease Liability

Decrease Assets or Increase Liability

Decrease Assets or Decrease Liability

Increase Assets or Increase Liability

Correct Answer:

Decrease Assets or Increase Liability

Explanation:

The correct answer is option (2) : Decrease Assets or Increase Liability

All those receipts of the government which create liability or reduce financial assets are termed as capital receipts.