InterviewSolution
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InterviewSolution
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Identify the following as revenue receipts and capital receipts . Give reasons . (i) Loans recovered from Public sector enterprises. (ii) License and court fees received by the Government in the year 2014 - 15. (iii) Loan taken from USA for the infrastrustural developments . (iv) Sale of shares heldby Government in a PSU. (v) Financial help fromMicrosoft for the victims of flood affected areas. (vi) Amount borrowed from Japan for construction of Metro. (vii) Dividend received by Goverment from a company. (viii) Funds raised from public in the form of National Saving Certificates. (ix) Sale of 40% shares of a public sector undertaking to a private enterprise. (x) Profits of LIC , a public enterprise. |
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Answer» SOLUTION :(i) It is a CAPITAL receiptsas it reduces assets ofthe government . (ii) It is revenue receipt as it neither createsany liability nor reduces any ASSET of the government . (iii) It is a capital receipt as it CREATES liability for the government . (iv) It iscapital receipt as it reduces assets of the government . (v) It is a revenue receipt as it neither creates any liability nor reduces any assetof the government. (vi) It is a capitalreceipt as it creates liability for the government . (vii) It is revenue receiptas it neither createsany liability nor reduces any assets of the government . (viii) It is a capital receipt as it creates liability for the government . (ix) It is a capital receipt as it reduces assists of the government . (x) It is revenue receipt as it neither creates any liability nor reduces any asset of the government. |
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