CAPITAL AND REVENUE EXPENDITURE/INCOME — Commercial Studies STD 10 — Question
ICSE BoardEnglish MediumSTD 10Commercial StudiesCAPITAL AND REVENUE EXPENDITURE/INCOME2 Marks
Question
Give three examples of revenue receipts.
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Answer
Revenue receipts are obtained during normal course of business operations and are of a recurring nature. They are credited to the trading or profit or loss account. For example, (i) Rent received from tenants. (ii) Fees and commission received for services rendered. (iii) Discount received from supplier.
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