Distinguish between revenue reciepts and capital reciept
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The primary difference between Capital Receipts vs Revenue Receipts is that Capital receipts are the receipts of non-recurring nature which either creates the liability of the company or reduces the company's assets whereas revenue receipts are the receipts of recurring nature and are reported in the statement of ...
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Capital reciepts - are reciepts of non-recurring nature which either creates the liability of the company or reduces the company's assents.
Revenue reciepts - revenue reciepts of recurring nature and are reported in statement of income of company.
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