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प्रश्न
A receipt in substitution of an income is revenue receipt.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
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उत्तर
This statement is True.
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Distinction Between Capital and Revenue Receipts
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: Capital and Revenue Expenditure/Income - EXERCISES [पृष्ठ ८४]
APPEARS IN
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.
Money received by sale of machine is a ______.
Premium received on issue of shares is a ______.
Rent received and commission received are examples of ______.
What do you understand by Turnover?
Amount received on sale of assets is a ______ receipt.
Amount received on sale of stock-in-trade is a ______ receipt.
Any lump sum receipt is always a capital receipt.
Sale of securities by an investment company is a capital receipt.
