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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.
Distinguish between capital and revenue expenditure and state whether the following statements are items of capital or revenue expenditure:
- Expenditure incurred on repairs and whitewashing at the time of purchase of an old building in order to make it usable.
- Expenditure incurred to provide one more exit in a cinema hall in compliance with a government order.
- Registration fees paid at the time of purchase of a building.
- Expenditure incurred in the maintenance of a tea garden which will produce tea after four years.
- Depreciation charged on a plant.
- The expenditure incurred in erecting a platform on which a machine will be fixed.
- Advertising expenditure, the benefits of which will last for four years.
Capital receipts are usually obtained in case of a company from:
Rent received and commission received are examples of ______.
______ involves creation of liability and is shown on the liabilities side of the balance sheet.
Define Capital receipts.
What are revenue receipts?
Distinguish between Capital Receipts and Revenue Receipts.
A receipt in substitution of an income is revenue receipt.
Any lump sum receipt is always a capital receipt.
