______ does neither create assets neither reduces liability of the government.

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KollegeApply · Accepted Answer

Revenue expenditure does neither create assets neither reduces liability of the government. Explanation: Revenue expenditure refers to the recurring expenses of the government, such as salaries, subsidies, and maintenance. It neither creates assets nor reduces government liabilities, as it is primarily for the maintenance of daily functions and services rather than for investment or debt repayment.

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