Asked/Added Questions From NCERT:

Question 1. Asked on :16 August 2020:10:06:47 AM

 Receipts which have occured due to normal business activity are known as Revenue Receipts.

-Added by nisha sheikh Accountancy » Accounts


Anjali Kumari
Revenue receipts are money received by a business as a result of its normal business operations. In this way, revenue receipts affect the profit or loss of a businessCapital receipts are non-recurring receipts that either increase a liability or decrease an asset.

-Answered by Anjali Kumari On 18 October 2020:07:04:53 PM(21017Average Rating Based on rating)


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