Advertisements
Advertisements
Question
Distinguish between the following
Revenue budget and Capital budget.
Solution
| Revenue Budget | Capital Budget |
| Revenue budget comprises of those items that neither leads to a change in the assets nor a change in the liabilities of the government. | Capital budget comprises of those items that lead to a change in either the assets or liabilities of the government. |
| It consists of revenue receipts and revenue expenditure. | It consists of capital receipts and capital expenditure. |
| It includes such revenue and expenditure that are incurred in the day to day life. | It includes such items that are long-term in nature. |
shaalaa.com
Features of Government Budget
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
During depression _____________ budget is preferable. (balanced/surplus deficit/zero)
Explain the types of a government budget.
Write explanatory note.
Components of Government budget.
State with reason whether you agree or disagree with the following statement.
When government expenditure is greater than government revenue, it is called Surplus Budget.
