B is correct (capital expenditure creates assets or reduces liabilities). C is correct (capital receipts reduce assets or create liability). E is correct (revenue receipts neither reduce assets nor create liability). A and D reverse these definitions. Correct set: B, C, E.
Identify the correct statements from the following: A. Revenue expenditure is any lay out that result in a decrease in financial assets or an…
CUET UG 2022 — Economics Macro
2022mcqmedium
Identify the correct statements from the following:
A. Revenue expenditure is any lay out that result in a decrease in financial assets or an increase in financial liabilities
B. Capital expenditure is expenditure which results in creation of financial assets or reduction in financial liabilities
C. Capital receipts are receipts which leads to reduction in financial assets or creation of liability
D. Revenue receipts are receipts which lead to decrease in financial assets or increase of financial liability
E. Revenue receipts are receipts which neither lead to reduction in financial assets nor creation of financial liability
Choose the correct answer from the options given below:
Official previous-year question
Verified 13 Jul 2026.
Options
- A
(A), (C), (D) only
- B
(C), (D), (E) only
- C
(B), (C), (E) only
- D
(A), (D), (E) only
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