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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
A receipt is a capital receipt:
Rent received and commission received are examples of ______.
______ involves creation of liability and is shown on the liabilities side of the balance sheet.
Non-recurring receipts like additional capital, loan, etc. are ______.
What are revenue receipts?
Distinguish between Capital Receipts and Revenue Receipts.
Amount received on sale of assets 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.
