Question

interest on investment received from uti
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Answer 1

Answer:

revenue receipt is the answer

Answer 2

Question - Interest on investments received from UTI is

a)Capital receipt

b)Revenue receipt

c)Capital expenditures

d)Revenue expenditures

b)Revenue receipt is the correct answer.

• Revenue receipts are the receipts that indicate normal buisness operations.
• Revenue receipts affect the buisness' profit or loss.
• These receipts do not reduce liability or create asset for the buisness.
• They are further divided into two types namely tax revenue and non tax revenue.
• Other examples of revenue receipts are discount received from various sources like suppliers or creditors.