Accountancy, asked by kj8761583, 6 months ago

Q. 10.
Receipt of legacy should be treated as:
(a) A revenue
(b) A capital receipt
(c) Both of these
(d) None of these

Answers

Answered by kaushalyabiswas01

0

Answer:

B) A Capital Receipt

Explanation:

Legacy refers the property which received after someone's death by the will of that person. So this regarded as a capital Receipts.

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