Question

Find out the correct definition of Capital payments?

A It refers to capital expenditures on construction of capital projects and acquisition of assets like land, buildings machinery and equipment
B It refers to capital revenue collected from the construction of capital projects and acquisition of assets like land, buildings machinery and equipment
C It is the expenditure incurred on the day-to-day running of the Government and its various departments, and for services that it provides
D None of the above

Answer & Explanation

Answer: It refers to capital expenditures on construction of capital projects and acquisition of assets like land, buildings machinery and equipment

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