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What is the difference between Capital Reciept and Revenue Reciept?

  
Total Answers and Comments: 2 Last Update: July 15, 2008     Asked by: tri_star2025 
  
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July 13, 2007 07:18:27   #1  
naveen hp        

RE: What is the difference between Capital Reciept and...
A capital receipt is a receipt which is derived from sale or purchase of capital assets like plant and machinery furniture investment (long term) etc. which shall not be occuring all the time. A revenue receipts is something which is earned from daily activities like sale of goods or purchase of goods etc. A revenue receipts shall be repetative in nature and shall be shown or credited in the profit and loss account.
 
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July 20, 2007 06:33:54   #2  
rama krishna, chirala        

RE: What is the difference between Capital Reciept and...
Capital receipt is a receipt when you sold any business asset like building machine furniture etc. Where as revenue receipt refers to receipt of sale proceeds comission received tax refund etc.
 
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