If it satisfies any one of the two conditions: The receipts must create a liability for the government. The receipts must cause a decrease in the assets.

Borrowings are capital receipts as they lead to an increase in the liability of the government.

Both If it satisfies any one of the two conditions: The receipts must create a liability for the government. The receipts must cause a decrease in the assets, and Borrowings are capital receipts as they lead to an increase in the liability of the government.

None of these