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Sale of securities by an investment company is a capital receipt. - Commercial Studies

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Question

Sale of securities by an investment company is a capital receipt.

Options

  • True

  • False

MCQ
True or False

Solution

This statement is False.

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Distinction Between Capital and Revenue Receipts
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Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 84]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 6 Capital and Revenue Expenditure/Income
EXERCISES | Q 5. (xi) | Page 84
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