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Question
Subsidies and expenditure on scholarships are examples of ______
Options
Revenue Expenditure
Capital Expenditure
Revenue receipts
Capital Receipts
MCQ
Fill in the Blanks
Solution
Subsidies and expenditure on scholarships are examples of Revenue Expenditure.
Explanation:
Subsidies and scholarships are examples of revenue expenditure because they neither create assets nor reduce liabilities.
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Classification of Expenditure
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