Advertisements
Advertisements
प्रश्न
What are revenue receipts?
लघु उत्तर
Advertisements
उत्तर
- 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.
shaalaa.com
Distinction Between Capital and Revenue Receipts
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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.
Premium received on issue of shares is a ______.
Rent received and commission received are examples of ______.
Define Capital receipts.
What do you understand by Turnover?
Distinguish between Capital Receipts and Revenue Receipts.
Amount obtained from a customer previously written off as bad debt is a ______ receipt.
A receipt is a capital receipt because ______.
Any lump sum receipt is always a capital receipt.
