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Comment on the following statements as true or false, with a reason. (i) Construction of school-building is a revenue expenditure of the government. (ii) Gift tax is a capital receipt. (iii) Dividends on investment made by government is a revenue receipt. |
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Answer» Comment on the following statements as true or false, with a reason. (i) Construction of school-building is a revenue expenditure of the government. (ii) Gift tax is a capital receipt. (iii) Dividends on investment made by government is a revenue receipt. |
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