Definitions [1]
Define Capital receipts.
- Capital receipts result from the sale of a capital asset and refer to amounts received from proprietors in the form of capital or loans.
- Capital receipts are an item on the balance sheet, not the profit and loss account.
Concepts [4]
- Capital and Revenue Transaction
- Basic Terms in Accounting
- Revenue and Deferred Revenue Expenditure
- Distinction Between Capital and Revenue Receipts
