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Question
What is meant by capital receipts?
What is meant by capital receipts?
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Capital receipts are the receipts which do not arise out of a regular activity of the business but out of some casual or non-recurring transactions e.g., receipts from Sale of a fixed asset or from issue of shares.
Capital receipts are the receipts which do not arise out of a regular activity of the business but out of some casual or non-recurring transactions e.g., receipts from Sale of a fixed asset or from issue of shares.
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