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From Karnataka Open Educational Resources
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# The sentence "The statement of estimated income and expenditure of a year prepared by the government is called Budget." is not correct. It should be  
 
# The sentence "The statement of estimated income and expenditure of a year prepared by the government is called Budget." is not correct. It should be  
 
The statement of estimated receipts and payments of a year prepared by the government is called Budget". The receipts includes both income (revenue receipts) and capital receipts (borrowings etc). Similarly the payments includes both revenue and capital expenditure
 
The statement of estimated receipts and payments of a year prepared by the government is called Budget". The receipts includes both income (revenue receipts) and capital receipts (borrowings etc). Similarly the payments includes both revenue and capital expenditure
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[[Category:Economics]]
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[[Category:India]]
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[[Category:Class_10]]
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