Categorise the following government receipts into revenue and capital

1.	Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer. (i) Receipt from sale of shares of a public sector undertaking. (ii) Borrowing from public. (iii) Profit of public sector undertakings. (iv) Income tax received by government.
Answer» Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer. (i) Receipt from sale of shares of a public sector undertaking. (ii) Borrowing from public. (iii) Profit of public sector undertakings. (iv) Income tax received by government.

Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer. (i) Receipt from sale of shares of a public sector undertaking. (ii) Borrowing from public. (iii) Profit of public sector undertakings. (iv) Income tax received by government.

Answer»

Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer.

(i) Receipt from sale of shares of a public sector undertaking.

(ii) Borrowing from public.

(iii) Profit of public sector undertakings.

(iv) Income tax received by government.