Economy, asked by Avayviolet6404, 10 months ago

What do you mean by Revenue Receipts and Revenue Expenditure ? Explain.

Answers

Answered by ibolbam
0

Explanation:

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. ... A receipt journal entry for capital will affect cash and an asset or liability account. Revenue and capital expenditures are classified similarly.

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