What are revenue receipts?

लघु उत्तरीय

Revenue receipts are those generated during typical business operations. Revenue profit is the result of the business’s regular transactions. It is reported as gross and net profit in trade and profit and loss accounts.
It can be used to distribute dividends to shareholders or create reserve funds for various purposes.

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Distinction Between Capital and Revenue Receipts

क्या इस प्रश्न या उत्तर में कोई त्रुटि है?

अध्याय 17: Government Budget - TEST YOURSELF QUESTIONS [पृष्ठ ३४४]

अध्याय 17 Government Budget
TEST YOURSELF QUESTIONS | Q 12. (i) | पृष्ठ ३४४

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.

Premium received on issue of shares is a ______.

Capital receipts are usually obtained in case of a company from:

A receipt is a capital receipt:

Define Capital receipts.

Give three examples of Revenue receipts.

What do you understand by Turnover?

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.