Practicing Success
Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government? |
Capital Receipts External Commercial Borrowings Revenue Receipts Non-tax Revenue |
Revenue Receipts |
Revenue Receipts: Revenue receipts are those receipts that do not lead to a claim on the government. They are therefore termed non-redeemable. They are divided into tax and non-tax revenues. |