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Advance received of Rs. 5000 in connection with the contract to supply goods which was later on forfeited for breach of contract, what type of receipt this can be considered?a) Revenue receipt b) Capital receipt c) Deferred revenue receipt d) None of the above Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Advance received of Rs. 5000 in connection with the contract to supply goods which was later on forfeited for breach of contract, what type of receipt this can be considered?a) Revenue receipt b) Capital receipt c) Deferred revenue receipt d) None of the above Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Advance received of Rs. 5000 in connection with the contract to supply goods which was later on forfeited for breach of contract, what type of receipt this can be considered?a) Revenue receipt b) Capital receipt c) Deferred revenue receipt d) None of the above Correct answer is option 'A'. Can you explain this answer?.

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