Sale of securities by an investment company is a capital 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?

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

Non-recurring receipts like additional capital, loan, etc. are ______.

What are revenue receipts?

Give three examples of Revenue receipts.

What do you understand by Turnover?

Distinguish between Capital Receipts and Revenue Receipts.

Amount received on sale of assets is a ______ receipt.

Premium paid on issue of shares is a capital receipt.

A receipt in substitution of an income is revenue receipt.

Any lump sum receipt is always a capital receipt.