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Question
Distinguish between Capital Receipts and Revenue Receipts.
Distinguish Between
Solution
| Capital Receipts | Revenue Receipts |
| The proceeds are for the benefit gained from the sale of fixed assets. | Receipts in which the benefit is generated on a regular basis from the functioning of the business. |
| It is a long-term receipt with no set periodicity. | These are short-term receipts with a regular regularity. |
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Distinction Between Capital and Revenue Receipts
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