Advertisements
Advertisements
प्रश्न
Define Capital receipts.
What is meant by capital receipts?
व्याख्या
लघु उत्तर
Advertisements
उत्तर
- Capital receipts result from the sale of a capital asset and refer to amounts received from proprietors in the form of capital or loans.
- Capital receipts are an item on the balance sheet, not the profit and loss account.
shaalaa.com
Notes
Students should refer to the answer according to their questions.
Distinction Between Capital and Revenue Receipts
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 17: Government Budget - TEST YOURSELF QUESTIONS [पृष्ठ ३४४]
APPEARS IN
संबंधित प्रश्न
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.
Money received by sale of machine is a ______.
A receipt is a capital receipt:
Rent received and commission received are examples of ______.
Give three examples of 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.
Premium paid on issue of shares is a capital receipt.
