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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
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Solution
Fees and commission received for services rendered, interest and dividend received an investment are examples of Revenue receipts.
Explanation:
- Revenue receipts are the receipts obtained during the normal course of business operations and are of a recurring nature.
- 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.
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