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Deepak posted an Question
May 23, 2020 • 19:16 pm 10 points
  • UGC NET
  • Economics

What are the difference between revenue receipt and revenue expenditure

what are the difference between revenue receipt and revenue expenditure

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    Nidhi taparia Best Answer

    An example of Revenue Receipts is volume of GST received by the central and state governments in a financial year. An example of Revenue Expenditure is the salaries paid to government employees by the central and state governments.

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    Nidhi taparia best-answer

    Government receipts which neither create asset nor reduce any liability are called Revenue Receipts.  Essentially, these are current income receipts for the government from all sources. Revenue Receipts are further classified into tax revenue and non-tax revenue. Revenue Expenditures on the other hand are those expenditures that neither create a liability nor reduce am asset. Usually, these are the maintenance expenditure which the government makes towards the assets which it owns in order to keep them functioning. These expenditures are recurring in nature and are incurred by the government regularly. In general, receipts are incoming money and expenditures are outgoing money.

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    please give me example of these two concept. I'm not distinguished it clearly

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