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प्रश्न
Distinguish between Capital Receipts and Revenue Receipts.
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उत्तर
| 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. |
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.
Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.
Capital receipts are usually obtained in case of a company:
Rent received and commission received are examples of ______.
Non-recurring receipts like additional capital, loan, etc. are ______.
What are revenue receipts?
Give three examples of Revenue receipts.
A receipt in substitution of an income is revenue receipt.
Sale of securities by an investment company is a capital receipt.
