Compensation received for the surrender of a right is a revenue receipt.

MCQ

सत्य या असत्य

This statement is False.

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Distinction Between Capital and Revenue Receipts

क्या इस प्रश्न या उत्तर में कोई त्रुटि है?

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.

Write any two differences between capital and revenue Receipts.

Premium received on issue of shares is a ______.

A receipt is a capital receipt:

Non-recurring receipts like additional capital, loan, etc. are ______.

Give two examples of Capital receipts.

What are revenue receipts?

What do you understand by Turnover?

Amount obtained from a customer previously written off as bad debt is a ______ receipt.

A receipt in substitution of an income is revenue receipt.