Different between capital and revenue receipts of economy
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♏Revenue Receipt ➡️It is the amount received in the normal course of business say against sale of goods or rendering of services or investment of business resources say in fixed deposit .They are shown in profit and loss account in the case of enterprise and in income and expenditure account in case of not for profit organisation .
♏Capital Receipt ➡️It is that amount received against transaction which are not revenue in nature . They are shown in the balance sheet of entity .
♏Revenue Receipt ➡️It is the amount received in the normal course of business say against sale of goods or rendering of services or investment of business resources say in fixed deposit .They are shown in profit and loss account in the case of enterprise and in income and expenditure account in case of not for profit organisation .
♏Capital Receipt ➡️It is that amount received against transaction which are not revenue in nature . They are shown in the balance sheet of entity .
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