Identify the true statement among the following.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Fees and Fines collected is non-tax receipt.
- "Fees and Fines" refer to the charges imposed by a government or organization for specific services rendered or penalties imposed for violations of rules or regulations.
- These charges are collected directly from individuals or entities for various purposes such as licenses, permits, services, or as penalties for non-compliance.