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Question
Sales proceed of goods sold received is _________.
Sales proceed of goods sold received is _________.
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Solution
The correct option is A Revenue Receipt
Revenue receipts are those receipts that are received in the conduct of ordinary and day-to-day business activities. for e.g. receipts from sale of goods and services are the main source of revenue receipts. These receipts or incomes are received frequently in the normal course of business operations. Revenue receipts are shown on the credit side of Income and Expenditure account.
Revenue receipts are those receipts that are received in the conduct of ordinary and day-to-day business activities. for e.g. receipts from sale of goods and services are the main source of revenue receipts.
These receipts or incomes are received frequently in the normal course of business operations. Revenue receipts are shown on the credit side of Income and Expenditure account.
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