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

MCQ

True or False

This statement is False.

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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.

Premium received on issue of shares 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:

Rent received and commission received are examples of ______.

______ involves creation of liability and is shown on the liabilities side of the balance sheet.

What are revenue receipts?

Amount received on sale of assets is a ______ receipt.

A receipt is a capital receipt because ______.

Any lump sum receipt is always a capital receipt.