Question

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

Options

• Revenue receipts

• Capital receipts

• Deferred revenue expenditure

• None of these

Answer 1

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

Explanation:

1. Revenue receipts are the receipts obtained during the normal course of business operations and are of a recurring nature.
2. Some examples of revenue receipts are Amount received from sale of goods, Interest and dividend received on investments, Fees and commission received for services rendered, etc.