Any transaction which either increases liability or decreases assets is a .

revenue receipt

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capital receipt

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revenue expenditure

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capital expenditure

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Solution

The correct option is B capital receipt
A capital receipt is normally a non-recurring transaction which either increases a liability or decreases an asset, and is dealt with the balance sheet of the business.

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Similar questions

Any transaction which either increases liability or decreases assets is a ____________.

Which among the following statement(s) is/ are correct?

Codes :

________________ either increases assets or reduces liability.

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