Social Sciences, asked by paakhee, 9 months ago

interest recieved is capital receipt or revenue receipt? give reason ​

Answers

Answered by chakri0110
0

Answer:

Interest received on investment is a revenue income and should be treated as direct income or else indirect income depending on the nature of business. If the business is an investing business, it will be treated as direct income and form part of ‘revenue from operation' in statement of profit and loss

Explanation:

Similar questions