Month: March 2017

Capital Receipts are the income obtained from the capital assets of the organization. Revenue Receipts are the income gained by the daily operational activities of the business.

Capital Expenditure is the expenditure incurred for the purchase of fixed assets. Revenue Expenditure is the expenditure incurred for day to day operations of the business and also for maintenance of fixed assets.

Trade Discount is also called as a strategy used by the sellers to promote sales of goods. Cash Discount is a strategy used by the sellers to encourage early cash payments from buyers….