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

MCQ

चूक किंवा बरोबर

This statement is False.

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Distinction Between Capital and Revenue Receipts

या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?

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:

Rent received and commission received are examples of ______.

______ involves creation of liability and is shown on the liabilities side of the balance sheet.

What are revenue receipts?

What do you understand by Turnover?

Amount received on sale of assets is a ______ receipt.

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

A receipt in substitution of an income is revenue receipt.