Tag Archives | expenditure

Brief notes on Plan and Non Plan Expenditure

India has adopted economic planning as a strategy for economic develop­ment. For stepping up the rate of economic development five-year plans have been formulated.

What is capital expenditure ?

An expenditure which results in the creation of assets or reduction in liabilities is treated as capita/ expenditure. Expenditure incurred on construction buildings, roads, bridges etc. and buying land are the examples of capital expenditure.

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