Capital and Revenue Receipts
Capital receipt is the quantity acknowledged from the sale of property, distribute and debentures. Revenue receipt is the quantity acknowledged from the sale of goods and services. Capital receipt is of non-persistent environment. Revenue receipt is of persistent nature. Capital receipt is revealed on the liabilities side of the balance sheet. Revenue receipt is revealed on the credit side of the buy and sell and profit and loss accounts.
Capital and Revenue Receipts, Payments, Profits and Losses: Learning Objectives: Define and explain and give examples of capital and revenue receipts and payments? Define and explain and give examples of capital and revenue profits and losses? Contents: Capitalized and Revenue Receipts Capital and Revenue
Capital and Revenue Items and goods Learning Objectives: Define explain and give examples capital and revenue expenditures, receipts, payments, profits and losses. What is the difference between capital and revenue expenditures? What are the exceptions to the general rule of capital and revenue expenditures?