Which among the following is a capital receipt?
Amount received by way of loans
The correct answer is option 1. Capital receipts include amounts received by way of loans, which are liabilities and not considered income. This is contrasted with revenue receipts like sales revenue or service fees.
Important Questions from Capital & Revenue Account
Which of the following options DO NOT relate to examples of revenue expenditure?
a) Repair expenses
b) Insurance expense
c) Installation expenses
d) Overhauling expenses of second-hand machinery
Which of the following statement is INCORRECT about capital expenditure?
Which among the following is a capital receipt?
Which of the following statement is INCORRECT about capital expenditure?
A company has spent Rs. 20,000 on painting of its building. It should be recorded as
