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प्रश्न
A receipt is a capital receipt because ______.
विकल्प
The amount involved is large.
The amount is received in lump sum.
The amount relates to fixed assets.
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उत्तर
A receipt is a capital receipt because the amount relates to fixed assets.
Explanation:
Capital receipts involve creation of a liability or reduction in the value of fixed assets.
संबंधित प्रश्न
Distinguish between capital receipt and revenue receipt.
Money received by sale of machine is a ______.
Premium received on issue of shares is a ______.
Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.
Non-recurring receipts like additional capital, loan, etc. are ______.
Give three examples of Revenue receipts.
Amount received on sale of assets is a ______ receipt.
Premium paid on issue of shares is a capital receipt.
A receipt in substitution of an income is revenue receipt.
Compensation received for the surrender of a right is a revenue receipt.
