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प्रश्न
Rent received and commission received are examples of ______.
पर्याय
Capital Expenditure
Revenue Expenditure
Capital Receipts
Revenue Receipts
उत्तर
Rent received and commission received are examples of Revenue Receipts.
Explanation:
- Revenue receipts are the receipts obtained during the normal course of business operation and are of a recurring nature.
- Some examples of revenue receipts are Interest and dividend received on investments, Fees and commission received for services rendered, Rent received from tenants etc.
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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.
Money received by sale of machine is a ______.
Non-recurring receipts like additional capital, loan, etc. are ______.
Define Capital receipts.
Give two examples of Capital receipts.
What do you understand by Turnover?
Amount obtained from a customer previously written off as bad debt is a ______ receipt.
A receipt is a capital receipt because ______.
Premium paid on issue of shares is a capital receipt.
A receipt in substitution of an income is revenue receipt.
