All receipts of capital nature are shown in
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Receipts are the earning of the company and through it revenue is generated. Not all the receipts contribute towards the profit and loss in business. Receipts can be categorized as
Revenue receipts and
Capital receipts.
To some extent, we can say that revenue receipts affect the profit and loss of the business and capital receipts don’t.
For a better understanding of the revenue receipts and capital receipts let’s discuss these terms in detail.
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Answer:
Revenue receipt cash receipt credit note
Explanation:
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