Question
Give two examples of Revenue Receipts.
✓
Answer
Two examples of Revenue Receipts are:
- Sales of goods and services.
- Interest received.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Rahul's Trial Balance as on 31st March, 2019 has the following information: 
Additional Information:
Additional Information:
- Salary for the month of March, 2019 is yet to be paid.
- Electricity Bill for March, 2019 amounted to ₹ 5,200 was received on 2nd April, 2019.
Calculate Purchases:
| ₹ | |
| Cost of Goods Sold | 65,000 |
| Stock in the beginning | 4,000 |
| Closing Stock | 5,000 |
What is meant by Written Down Value Method of providing Depreciation?
Net profit of a firm before charging manager's commission is ₹ 21,000. If the manager is entitled to 5% commission after charging such commission, calculate the cornmission payable to the manager.
Sundry debtors in a Trial Balance are ₹ 90,000. Write off ₹ 5.000 as bad debts and make a Provision for Doubtful Debts @ 10% on sundry debtors. Pass necessary Journal entries.
What is the principle of valuation of inventory?
Insurance Premium paid by a firm on 1st December 2017 for the year upto 30th November 2018 was ₹ 18,000 and insurance premium paid on 1st December 2018 for the year upto 30th November 2019 was ₹ 30,000. What amount will be debited to Profit & Loss Account for the year ended 31st March 2019?
Draw block diagram showing the main components of a computer.
What journal entry will be passed for outstanding salary?
Where are Contingent Liabilities shown in financial statements?