Mention any two difference between capital receipts and revenue receipts?
Tuesday, March 29, 2022
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Question: Mention any two difference between capital receipts and revenue receipts?
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Capital receipts are the money that a business or a government receives from selling its assets, such as land, buildings, machinery, etc. They are non-recurring and do not affect the profit or loss of the business or the government. For example, if a company sells its old office building for $1 million, that is a capital receipt.
Revenue receipts are the money that a business or a government receives from its normal operations, such as selling goods, providing services, collecting taxes, etc. They are recurring and affect the profit or loss of the business or the government. For example, if a company sells 1000 units of its product for $10 each, that is a revenue receipt.
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