Download App

Capital and Revenue Transactions — Accountancy STD 11 — Question

Tamilnadu BoardEnglish MediumSTD 11AccountancyCapital and Revenue Transactions2 Marks
Question
What is capital receipt?
✓

Answer

Receipt which is not revenue in nature is called capital receipt. It is non-recurring in nature. The amount received is normally substantial. It is shown on the liabilities side of the balance sheet.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer the following questions:" from Capital and Revenue Transactions→Capital and Revenue Transactions — all question types→Accountancy STD 11 question papers→Tamilnadu Board STD 11 question papers→Tamilnadu Board question paper generator→

Similar questions

What are the three types of procedures in a computer system?
→
Write any two needs for accounting standards.
→
What is debit note?
→
What is sales book?
→
Mention the subsidiary books in which the following transactions are recorded
  1. Sale of goods for cash
  2. Sale of goods on credit
  3. Purchases of goods on credit
  4. When the proprietor takes goods for personal use
  5. Goods returned to suppliers for which cash is not received immediately
  6. Asset purchased as credit.
→
State R.N. Carter’s definition of depreciation.
→
Mention four types of subsidiary books.
→
What is drawings?
→
What is capital?
→
Who is Public Relation Officer? (PRO)
→