Advertisements
Advertisements
Questions
Define Capital receipts.
What is meant by capital receipts?
Definition
Short Answer
Advertisements
Solution
- 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
Is there an error in this question or solution?
Chapter 17: Government Budget - TEST YOURSELF QUESTIONS [Page 344]
APPEARS IN
RELATED QUESTIONS
Distinguish between capital receipt and revenue receipt.
Write any two differences between capital and revenue Receipts.
Premium received on issue of shares is a ______.
______ 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?
Amount received on sale of assets is a ______ receipt.
Amount obtained from a customer previously written off as bad debt is a ______ receipt.
Any lump sum receipt is always a capital receipt.
Sale of securities by an investment company is a capital receipt.
