A school receives a Government grant specifically for construction of a new laboratory building The expenditure incurred...
Type: MCQ • Marks: 1
A school receives a Government grant specifically for construction of a new laboratory building The expenditure incurred for that construction is generally:
Options
A. Revenue expenditure
B. Capital expenditure
C. Salary expenditure
D. Routine contingency
Explanation
The purpose of the expenditure is creation of a durable infrastructure asset.
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UPSC Principal & Vice PrincipalManagement Finance Administration
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