difference between revenue recipts and capital recipts.a comparative form(class 12)
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Capital Receipts appears on the liabilities side of the Balance Sheet, in other words money that government borrow
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 of income. Unlike revenue received which is a substitution of income.
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capital receipt appear on the liabilities side of the balance sheets whereas revenue receipt appears on the credit side of the profit and loss .
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