Question

define revenue receipts and capital recipts.

Answer 1

Reciepts which are recurringby nature and which are available for meeting all day expenses of a business concern are known as revenue Reciepts

Answer 2

Definition of Capital Receipt. Capital receipts are the income received by the company which is non-recurring in nature. They are part of the financing and investing activities rather than operating activities. The capital receipts either reduces an asset or increases a liability.