Capital Expenditure and Capital Receipts:
Capital expenditure refers to the expenses incurred by a company in purchasing fixed assets or improving existing fixed assets. These expenses are meant to generate benefits over a long period of time. Capital receipts, on the other hand, refer to the inflow of funds resulting from the sale of fixed assets, shares, or debentures.

Revenue Expenditure and Revenue Receipts:
Revenue expenditure refers to the expenses incurred by a company in its day-to-day operations. These expenses are meant to generate benefits over a short period of time. Examples include rent, salaries, and maintenance costs. Revenue receipts, on the other hand, refer to the inflow of funds resulting from the sale of goods and services or any other income generated from the company's operations.

Difference Between Capital and Revenue Expenditure:
The main difference between capital and revenue expenditure is the duration of the benefits generated by the expenditure. Capital expenditure generates benefits over a long period of time, while revenue expenditure generates benefits over a short period of time. Capital expenditure is generally incurred for the acquisition or improvement of fixed assets, while revenue expenditure is incurred for the day-to-day operations of the company.

Difference Between Capital and Revenue Receipts:
The main difference between capital and revenue receipts is the source of the funds. Capital receipts result from the sale of fixed assets, shares, or debentures, while revenue receipts result from the sale of goods and services or any other income generated from the company's operations. Capital receipts are generally used to finance long-term investments, while revenue receipts are used to finance day-to-day operations.

In summary, capital expenditure and receipts are related to long-term investments and the sale of fixed assets, while revenue expenditure and receipts are related to day-to-day operations and the sale of goods and services. Both types of expenditures and receipts are necessary for the success of a business, but they serve different purposes and generate benefits over different time periods.

Capital exp. - Those expenditure which creates assets or causes reduction in liabilities of the government are capital expenditure.
Capital receipt- Those receipts which creates a corresponding liability or causes reduction in assets are known as capital receipts.

Revenue exp. - Those expenditure which doesn't create assets or doesn't causes any reduction in liabilities of the government are revenue expenditure.
Revenue receipts- Those receipts which doesn't creates any corresponding liability or doesn't causes any reduction in assets of the government are revenue receipts.