Distinguish between capital recipts and revenue recipts for class 12th
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Capital Receipts are described as the money brought to the business from non-operating sources like proceeds from the sale of long-term assets, capital brought by the proprietor, sum received as a loan or from debenture holders etc.
In contrast revenue receipts are the result of firm’s routine activities during the financial year, which includes sales, commission, interest on investment.
In contrast revenue receipts are the result of firm’s routine activities during the financial year, which includes sales, commission, interest on investment.
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