(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

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:

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 ______.

Define Capital receipts.

Give two examples of Capital receipts.

What are revenue receipts?

Give three examples of Revenue receipts.

What do you understand by Turnover?

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.

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

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