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Distinguish between:Revenue budget and capital bud...
1.
Distinguish between:Revenue budget and capital budget
Answer»
Revenue budget
Capital budget
It consists of items that neither lead to a change in the assets nor change the liabilities of a government
It consists of items that lead either to a change in the assets or a change in the liabilities of a government.
It consists of items that lead either to a change in the assets or a change in the liabilities of a government.
It consists of the capital receipts and capital expenditure.
It consists of revenue and expenditure that are incurred in day to day life
These include items which are long term in nature.
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