Question

Sale of old newspapers is:

(a) Capital Receipt

(b) Revenue Receipt

(c) Asset

(d) Profit​

Answer 1

Answer:

Revenue receipt is correct answer.

Answer 2

Answer:

Revenue receipts are the incomes which are recurring in nature. They occur usually is the life of the business.

Explanation:

Sale of newspaper is a revenue receipt.

Therefore, the correct option is b) Revenue receipt.