Question

Diff between revenue receipt and capital receipt..??

Answer 1

Answer:

Revenue receipts are money received by a business as a result of its normal business operations. In this way, revenue receipts affect the profit or loss of a business. Capital receipts are non-recurring receipts that either increase a liability or decrease an asset.

Capital Receipts: Meaning, Conditions and Sources! Capital receipts refer to those receipts which either create a liability or cause a reduction in the assets of the government. They are non-recurring and non-routine in nature.