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What is capital receipts and revenue receipts ?
Most Upvoted Answer
What is capital receipts and revenue receipts ?
In simple words, Revenue nature items don't effect Asset/Liability whereas Capital nature would effect Asset or Liability. For example;-Taking Loan is capital receipt as it increases liability.
Community Answer
What is capital receipts and revenue receipts ?
Revenue receipt are those receipt which are not create any liability nor reduction in assets. ex. income tax, wealth tax capital receipt are those receipt which are create liability or reduction in assets ex. borrowing , recovery of loan?
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What is capital receipts and revenue receipts ?
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What is capital receipts and revenue receipts ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is capital receipts and revenue receipts ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is capital receipts and revenue receipts ?.
What is capital receipts and revenue receipts ? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is capital receipts and revenue receipts ? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is capital receipts and revenue receipts ?.
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