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What\'s revenue &capital receipts |
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Answer» Revenue means income in a business ,business should be recarring in natureCapital receipt means selling the goods not its original price more than its original price then along with in net price the other price we take that is income ex -goods sold rs 500 and recipt a money 200 along with his net price that is income is 700 . 500 is for goods price and 200 is "capital" the owner incom Revenue recipts:It is the amount received in the normal course of business say against sale of goods or rendering of services in fixed deposit Hy Hy tisha |
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