Advertisements
Advertisements
Question
Any lump sum receipt is always a capital receipt.
Options
True
False
MCQ
True or False
Solution
This statement is False.
shaalaa.com
Distinction Between Capital and Revenue Receipts
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Distinguish between capital receipt and revenue receipt.
Write any two differences between:
Capital and Revenue Receipts
Capital receipts are usually obtained in case of a company:
______ involves creation of liability and is shown on the liabilities side of the balance sheet.
Non-recurring receipts like additional capital, loan, etc. are ______.
Define Capital receipts.
What are revenue receipts?
Amount received on sale of stock-in-trade is a ______ receipt.
Premium paid on issue of shares is a capital receipt.
A receipt in substitution of an income is revenue receipt.
