Question

Analysis of the school/college transactions into revenue and capital receipts and revenue and capital expenditure.introduction
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Answer 1

Answer:

capital give benefit for longer time period there as revenue expenditure is item of daily routine item expenses of daily routine item like salary rent where is capital expenditure like purchase of machinery.

Answer 2

Explanation:

Capital receipts are those that come from the non-operating activities of the company whereas the revenue receipts occur from the operating activities of the company

Capital Receipts appears on the liabilities side of the Balance Sheet whereas Revenue Receipts appears on the credit side of the Profit and Loss Account as income for the financial year

Now capital receipts of school would include the school building, the equipment inside schools, any loans that school has taken etc while revenue receipts include the school fees, any donation, claims reimbursments etc