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Financial Statements of Sole Proprietorship — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountFinancial Statements of Sole Proprietorship1 Mark
Question
What is meant by Capital Receipt?
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Answer

Capital Receipt is the amount received by the business on account of capital, loans or sale proceeds of fixed assets. In other words, they are not revenue for the business.

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