Question

3.
is primarily held for
resale in a business. *
O Capital
O Cash
Goods
O Assets​

Answer 1

Answer:

assets

Explanation:

Capital receipts are business receipts which are not related to the day to day business activities of a company. They occur occasionally and provide benefit for a long period of time.

Capital receipts are normally presented in the balance sheet of a company when realized and generally occur as a result of the following events:

Sale of fixed assets

Issuance of capital in the form of shares

Issuance of debt instruments

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