Advertisements
Advertisements
प्रश्न
Any lump sum receipt is always a capital receipt.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
उत्तर
This statement is False.
shaalaa.com
Distinction Between Capital and Revenue Receipts
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
Distinguish between capital and revenue expenditure and state whether the following statements are items of capital or revenue expenditure:
- Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in order to make it usable.
- Expenditure incurred to provide one more exit in a cinema hall in compliance with a government order.
- Registration fees paid at the time of purchase of a building.
- Expenditure incurred in the maintenance of a tea garden which will produce tea after four years.
- Depreciation charged on a plant.
- The expenditure incurred in erecting a platform on which a machine will be fixed.
- Advertising expenditure, the benefits of which will last for four years.
Premium received on issue of shares is a ______.
Rent received and commission received are examples of ______.
Give two examples of Capital receipts.
What are revenue receipts?
Give three examples of Revenue receipts.
What do you understand by Turnover?
Distinguish between Capital Receipts and Revenue Receipts.
Amount received on sale of assets is a ______ receipt.
Sale of securities by an investment company is a capital receipt.
