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Question
Premium paid on issue of shares is a capital receipt.
Options
True
False
MCQ
True or False
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Solution
This statement is True.
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Distinction Between Capital and Revenue Receipts
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Chapter 6: Capital and Revenue Expenditure/Income - EXERCISES [Page 84]
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RELATED QUESTIONS
Distinguish between capital receipt and revenue receipt.
Write any two differences between capital and revenue Receipts.
Money received by sale of machine 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 ______.
Define Capital receipts.
Give three examples of Revenue receipts.
A receipt in substitution of an income is revenue receipt.
Compensation received for the surrender of a right is a revenue receipt.
Sale of securities by an investment company is a capital receipt.
