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प्रश्न
A receipt is a capital receipt because ______.
पर्याय
The amount involved is large.
The amount is received in lump sum.
The amount relates to fixed assets.
उत्तर
A receipt is a capital receipt because the amount relates to fixed assets.
Explanation:
Capital receipts involve creation of a liability or reduction in the value of fixed assets.
APPEARS IN
संबंधित प्रश्न
Write any two differences between:
Capital and Revenue Receipts
Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.
A receipt is a capital receipt:
Non-recurring receipts like additional capital, loan, etc. are ______.
What are revenue receipts?
What do you understand by Turnover?
Amount received on sale of stock-in-trade is a ______ receipt.
Amount obtained from a customer previously written off as bad debt is a ______ receipt.
A receipt in substitution of an income is revenue receipt.
Any lump sum receipt is always a capital receipt.
