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Questions
Define Capital receipts.
What is meant by capital receipts?
Answer in Brief
Solution
- Capital receipts result from the sale of a capital asset and refer to amounts received from proprietors in the form of capital or loans.
- Capital receipts are an item on the Balance Sheet, not the Profit and Loss Account.
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Notes
Students should refer to the answer according to their questions.
Distinction Between Capital and Revenue Receipts
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