7. Sold Government Bonds of Rs.
30,000 is
Revenue expenditure
Capital expenditure
Capital receipt
Revenue receipt
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3
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Answered by
0
Answer:
Sold Government Bonds of Rs.
30,000 is Capital receipt.
Explanation:
- Capital receipts are receipts that create liabilities or reduce financial assets. They also refer to incoming cash flows.
- Capital receipts can be both non-debt and debt receipts. Loans from the general public, foreign governments and the Reserve Bank of India (RBI) form a crucial part of capital receipts.
- Cash received from sale of fixed assets, the loan amount received by the company from a bank, and capital invested in the business by a new partner are all examples of capital receipts.
- Capital receipts - It refers to those receipts of the government which either create a liability or causes a reduction in the assets of the government.
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