Difference between capital receipt and revenue receipts
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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. The capital receipt is received in exchange for the source ofincome. Unlike revenue received which is a substitution of income.
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capital receipt appeares on the liabilities sides of the balance sheet whereas revenue receipt appears on the credit side of thd profit and loss account as income for the financial year.
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