Question

1. Distinguish between 'revenue receipt' and 'capital receipt' and give two examples
of each​

Answer 1

Answer:

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Answer 2

Answer:

1) Meaning

Capital Receipts are the income generated from investment and financing activities of the business.

Revenue Receipts are the income generated from the operating activities of the business.

2) Nature

Non-Recurring

Recurring

3) Term

Long Term

Short Term

4) Shown in

Balance Sheet

Income Statement

5) Received in exchange of

Source of income

Income

6) Value of asset or liability

Decreases the value of asset or increases the value of liability. Increases or decreases the value of asset or liability.

7) Example

recovery of loans is capital receipt

tax receipts are revenue receipts

Explanation:

1st point is of capital receipts and 2nd is of revenue receipts