For the following items, decide in each case whether they are a capital or revenue receipt: (a)
Question:
For the following items, decide in each case whether they are a capital or revenue receipt:
(a) Sales of sofas by furniture retailer
(b) Sale of cash till by a car retailer
(c) Loan taken out by sports retailer
(d) Interest received by clothing shop
(e) Sale of shop counter by fast food shop fitter
(f ) Sale of houses by property estate management company.
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Related Book For 
Frank Woods Business Accounting Basics
ISBN: 9780273725008
1st Edition
Authors: Frank Wood, Mr David Horner
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