Analysis of the school/college transactions into revenue and capital receipts and revenue and capital expenditure.
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Analysis of the school/college transactions into revenue and capital receipts and revenue and capital expenditure.
Explanation:
- Capital receipts are those derived from the company's non-operating activities while revenue receipts are derived from the company's operating activities.
- Capital receipts appear on the balance sheet's liabilities side, while revenue receipts appear as revenue for the financial year on the credit side of the profit and loss account.
- Now, school capital receipts would include school building, equipment inside schools, any loans taken by school, etc., while income receipts would include school fees, donations, claims reimbursements, etc.
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