What is the Revenue Receipts in Accounting

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The features of Revenue Receipts

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Examples of Revenue receipts

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Difference between Revenue receipt and Capital Receipt

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Find out nature of Receipt

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More Faqs on revenue receipts

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What is the Revenue Receipts in Accounting

The features of Revenue Receipts

1-– Receipts in course of normal business activities 2-– Credited to the Profit and Loss Account. 3-Earned in short term.

Examples of Revenue receipts

1– Interest earned 2– Rent received 3– Discounts received from suppliers, vendors, or creditors 4– Dividend received and etc.

Difference between Revenue receipt and Capital Receipt

Find out nature of Receipt

Receipt from the sale of Rs 10000 in cash is (a) Capital receipt (b) Revenue receipt (c) Capital expenditures

Answer- (b) Revenue Receipt

More Faqs on revenue receipts

You shoud learn more about further faqs on revenue receipts such as definition, taxability, example etc.