Question

What is revenue receipt???????​

Answer 1

hala mate,

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.

hope it helps!

Answer 2

Hello Mate..!!

Here is your answer..

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

Sources of Revenue receipt :-

i.) Tax Revenue

ii.) Non-Tax Revenue

Example :-

Taxes levied by the government are revenue receipts.