Question
What is meant by Revenue Receipt?
✓
Answer
Revenue Receipt is the amount received by the business in the regular course of business say because of sales of goods or services rendered.
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
Manish has paid salaries of ₹ 1,50,000 for the year ended 31st March, 2019. Salaries include ₹ 20,000 paid in advance for the year ending 31st March, 2020. Show how it will be shown in the Profit and Loss Account and the Balance Sheet.
What are outstanding expenses?
Refusal by the acceptor to pay the bill on the maturity date is called Retirement of the Bill. Comment.
What is meant by Dishonour of a Bill of Exchange?
Which account is debited for creating provision for doubtful debts?
From the following information, calculate capital at the beginning:
How is Unearned Income shown in the Final Accounts?
Give the correct chronological order of ascertainment of the following profits from Trading and Profit and Loss Account Operating Profit, Gross Profit, Net Profit.
Name different information systems.
Write a note on method of calculating profit under Single Entry System.