Which of the following is NPT a revenue receipt?
A. Insurance received for loss of stock.
B. Compensation for surrender of future profits.
C. Profit on sale of technical know.
D. Subsidy from Govt, in the normal how course of business.
Answer:C
Which of the following is NPT a revenue receipt?
A. Insurance received for loss of stock. B. Compensation for surrender of future profits. C. Profit on sale of technical know. D. Subsidy from Govt, in the normal how course of business.