1.

Distinguish between:Revenue budget and capital budget

Answer»
Revenue budgetCapital budget
It consists of items that neither lead to a change in the assets nor change the liabilities of a governmentIt 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 lifeThese include items which are long term in nature.



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