Receipts are the amounts actually received. The receipts of a business are of two kinds:
Capital receipts include the following:
Capital receipts are shown as liabilities in the balance sheet.
Revenue receipts include the following:
Revenue receipts are shown as an income in the income statement in the year in which they occur.
Revenue receipts are the amounts actually received. The receipts of a business are of two kinds: capital receipts and revenue receipts. Capital receipts include the following: receipts from the sale of an organization’s Fixed Assets, payments into a business either by the proprietor of the business or by shareholders of a company to start a business or increase the capital, receipts of loans from partners, bankers, and private individuals, and amount received on account of capital profits.
Capital receipts include the following: Receipts from the sale of an organization’s fixed assets, Payments into a business either by the proprietor of the business or by shareholders of a company to start a business or increase the capital, receipts of loans from partners, bankers, and private individuals, amount received on account of capital profits.
Revenue receipts are the amounts actually received. The receipts of a business are of two kinds: capital receipts and revenue receipts. Revenue receipts include the following: receipts of cash from the sale of merchandise, amount received on account of some revenue profit. Revenue receipts are shown as an income in the income statement in the year in which they occur.
The sources of capital receipts are as follows: receipts from the sale of an organization’s fixed assets, payments into a business either by the proprietor of the business or by shareholders of a company to start a business or increase the capital, receipts of loans from partners, bankers, and private individuals, and amount received on account of capital profits.
The sources of revenue receipts are as follows: receipts of cash from the sale of merchandise, amount received on account of some revenue profit. Revenue receipts are shown as an income in the income statement in the year in which they occur.
About the Author
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.
To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.
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