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Question
Amount obtained from a customer previously written off as bad debt is a ______ receipt.
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Solution
Amount obtained from a customer previously written off as bad debt is a revenue receipt.
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RELATED QUESTIONS
Money received by sale of machine is a ______.
Premium received on issue of shares is a ______.
Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.
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.
Non-recurring receipts like additional capital, loan, etc. are ______.
What are revenue receipts?
Compensation received for the surrender of a right is a revenue receipt.
Sale of securities by an investment company is a capital receipt.
