Saved Bookmarks
| 1. |
Write one Word / Term / Phrase for the following statement.All such receipts which are non-recurring in nature and not forming a part of regular flow of income of a concern. |
|
Answer» Capital Receipts Explanation: Those receipts, the benefits of which accrue to an organisation in the current year, as well as in the years to come, are termed as capital receipts. They are non-recurring in nature. For example, life membership fees, endowment receipts, donations and legacies etc. |
|