Identify the capital receipts from the following a) Amount received from the sale of fixed assets or investment. b) Money obtained from sale of goods c) Interest and dividend received on investments d) Commission received
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Explanation:
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answer is
Capital Receipts.
because _Receipts of a non-recurring nature and meant for some specific purpose are known as capital receipts. They are shown in the Balance Sheet. Capital receipts are in the form of contribution from owner, loans and proceeds from sale of fixed assets of the business. capital receipts are not available for distribution as profit.
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Answer:
A) option is correct
a) Capital receipt
b) Revenue
c) Investment income
d) Nominal account
Explanation:
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