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REVENUE RECEIPTS
* Receipts related to NORMAL ACTIVITIES of the business
* Credited as revenue to Trading and Profit & Loss Account
* Examples: receipts from sales of goods and services, rent, commission and interest on bank deposits received by the business
CAPITAL RECEIPTS * Receipts derived from activities which are not part of the normal trading activities of the business
* Appears as capital or liabilities in the Balance Sheet
* Examples: receipts of cash brought in by partners, shareholders, debenture holders and bank loans
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What is debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is NON-debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
What is NON debt capital receipts?
Non-debt capital receipts consist of recoveries of loans (RoL), and other receipts, which are disinvestment receipts (DR).
Meaning of capital receipts and expenditure receipts?
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What is revenue receipt?
It is revenue without any liability. Revenue receipts of government includes earning from tax incomes(like corporation tax, income tax, custom) and non tax income(like interest from bond, dividend from PSU). where as capital receipt include borrowing of the government like market loan and short term borrowing. The regular income from day to day business activities in a business is revenue receipts. For example,of revenue income are income for sales,interest,rent,commission,discount etc
How does an increase in revenue affect working capital?
Revenue affects the capital by decreasing the capital.
What are synonyms for earnings?
income, pay, wages, revenue, proceeds, salary, receipts, remuneration
What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
What is capital revenue?
Capital RevenueProceeds from the sale of non-financial capital assets, including land, intangible assets, stocks, and fixed capital assets of buildings, construction, and equipment of more than a minimum value and usable for more than one year in the process of production, and receipts of unrequited transfers for capital purposes from non-governmental sources.http://www.treasuryota.us/ust100/lessons/glossary.htm
Cash receipts of interest and dividend revenue are classified as what?
other income and they are found in the income statement
What is capital receipts?
Capital receipts are funds that a company or government entity receives from the sale of assets, issuance of debt, or other capital transactions. They are typically used to finance long-term investments or repay outstanding debt. Examples of capital receipts include proceeds from selling stocks or bonds, loans received, and funds obtained from asset sales.
What is main difference between capital budget and revenue budget?
While the capital budget and revenue budget are both budgets, the capital budget is incorporated for the long term. A revenue budget is made for the short term.
