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Question
Premium received on issue of shares is a ______.
Options
Capital receipt
Revenue receipt
Deferred revenue receipt
None of these
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Solution
Premium received on issue of shares is a Capital receipt.
Explanation:
Capital raised by an issue of shares and debentures.
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RELATED QUESTIONS
Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.
A receipt is a capital receipt:
What are revenue receipts?
Distinguish between Capital Receipts and Revenue Receipts.
Amount received on sale of assets is a ______ receipt.
Amount received on sale of stock-in-trade is a ______ receipt.
A receipt is a capital receipt because ______.
Premium paid on issue of shares is a capital receipt.
A receipt in substitution of an income is revenue receipt.
Any lump sum receipt is always a capital receipt.
