Question

Heya.... Explain the difference between budget receipts and capital receipts of government.... Content quality answer only..

Answer 1

Capital and Revenue Receipts: When the business receives money it is again of two sorts. It my be a long-term receipt, a contribution by ...,.............!!!!


Key Differences Between Capital Receipt and Revenue Receipt. ...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.