Question

What do you mean by Revenue Receipts ?

Answer 1

Answer:

Revenue receipts are money received by a business as a result of its normal business operations. In this way, revenue receipts affect the profit or loss of a business. Capital receipts are non-recurring receipts that either increase a liability or decrease an asset

Answer 2

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what do you mean by revenue receipt

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Revenue receipt refers to those receipts which neither create any liability nor cause any reduction in the assets of the government.

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