Premium paid on issue of shares is a capital receipt.

MCQ

True or False

This statement is True.

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Distinction Between Capital and Revenue Receipts

Is there an error in this question or solution?

Write any two differences between capital and revenue Receipts.

Money received by sale of machine is a ______.

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

Capital receipts are usually obtained in case of a company from:

Give two examples of Capital receipts.

Amount received on sale of assets is a ______ receipt.

Amount obtained from a customer previously written off as bad debt is a ______ receipt.

Compensation received for the surrender of a right is a revenue receipt.

Any lump sum receipt is always a capital receipt.

Sale of securities by an investment company is a capital receipt.