Economy, asked by charanjit57, 10 months ago

is capital receipt revenue receipt ?

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Answered by suryansh5555

2

Answer:

Capital Receipts appears on the liabilities side of the Balance Sheet whereasRevenue Receipts appears on the credit side of the Profit and Loss Account asincome for the financial year. The capital receipt is received in exchange for the source of income. Unlike revenuereceived which is a substitution of income

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