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Question
Give two examples of Capital receipts.
Short Answer
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Solution
- Amount received by way of loans.
- Capital raised by an issue of shares and debentures.
- Amount received from the sale of investments and fixed assets.
- Life subscriptions and entrance fees received by a club or association from its members.
- Government grants and endowments.
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Notes
Students should refer to the answer according to their question.
Distinction Between Capital and Revenue Receipts
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Chapter 17: Government Budget - TEST YOURSELF QUESTIONS [Page 344]
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