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Capital Receipts are represented in : 
  • a)
    Balance Sheet 
  • b)
    Trading account 
  • c)
    Profit & Loss A/c 
  • d)
    Manufacturing A/c 
Correct answer is option 'A'. Can you explain this answer?
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Capital Receipts are represented in :a)Balance Sheetb)Trading accountc...
Capital receipts are represented in Balance Sheet of the liability side. A reasonable portion out of it is transferred to Profit and Loss Account of each year i.e. it is recognized as income.
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Capital Receipts are represented in :a)Balance Sheetb)Trading accountc...
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Capital Receipts are represented in :a)Balance Sheetb)Trading accountc)Profit & Loss A/cd)Manufacturing A/cCorrect answer is option 'A'. Can you explain this answer?
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