Amount received on sale of assets is a ______ receipt. - Commercial Studies

Amount received on sale of assets is a ______ receipt.

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Amount received on sale of assets is a capital receipt.

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Distinction Between Capital and Revenue Receipts

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Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 82]

Chapter 6 Capital and Revenue Expenditure/Income
EXERCISES | Q 1. (vi) | Page 82

Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.

Capital receipts are usually obtained in case of a company:

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 ______.

Define Capital receipts.

Amount received on sale of stock-in-trade is a ______ receipt.

Premium paid on issue of shares is a capital receipt.

A receipt in substitution of an income is revenue receipt.

Sale of securities by an investment company is a capital receipt.