Gifts and Relief are

A. Merchandise Payment

B. Service Payment

C. Factory Income

D. Transfer payment

Answer: Option D

Solution(By Examveda Team)

Gifts and Relief are Transfer payment. A transfer payment is money paid to an individual who has not performed any service or rendered any goods for it. Transfer payments are ways for local, state, and federal governments to redistribute money to those in need. Transfer payments are considered income and are potentially taxable.

This Question Belongs to Management >> International Finance And Treasury

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