CBSE 2019 Class 12 Economics Outside Delhi Set 1
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Classify the following statement as revenue receipts or capital receipts. Give valid reasons in support of your answer.
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Question : 9 of 24
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Financial help from a multinational corporation for victims in a flood affected area.
Solution:
Financial help from a multinational company is a aid to the government so it is a 'revenue receipt' as it does not create any liability and reduction in assets.
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