Question

What is Capital Receipt nd Revenue Receipt..??​

Answer 1

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• The primary difference between Capital Receipts vs Revenue Receipts is that Capital receipts are the receipts of non-recurring nature which either creates the liability of the company or reduces the company's assets whereas revenue receipts are the receipts of recurring nature and are reported in the statement

Answer 2

Answer:

The primary difference between Capital Receipts vs Revenue Receipts is that Capital receipts are the receipts of non-recurring nature which either creates the liability of the company or reduces the company’s assets whereas revenue receipts are the receipts of recurring nature and are reported in the statement of income of the company.

Differences Between Capital Receipts and Revenue Receipts

Receipts are just the opposites of expenses. But without receipts, there may be no existence of the business. Not all receipts directly increase the profits or decrease the loss. But some affect the profit or loss directly.

In this article, we will be talking about capital receipts and revenue receipts. In simple terms, capital receipts don’t affect the profit or loss of the business; for example, we can say that the sale of long-term assets is one sort of capital receipts.

But revenue receipts affect the profit or loss of a company. As an example, we can say that the sale of products, the commission received, etc.

Explanation:

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