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Question
Non-recurring receipts like additional capital, loan, etc. are ______.
Options
Capital receipts
Revenue receipts
Capital expenditure
Revenue expenditure
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Solution
Non-recurring receipts like additional capital, loan, etc. are Capital receipts.
Explanation:
Capital receipts refer to the receipts of a non-recurring nature such as additional capital from owners, loans raised by the firm and money obtained from a sale of fixed assets.
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