Which of the following is not a capital receipt?
A. Salam for settlement of Tenancy.
B. Insurance claim received on machinery lost by fire.
C. Lumpsum received on sale of shares
D. Goods sold for cash Patent rights.
Answer:D
Which of the following is not a capital receipt?
A. Salam for settlement of Tenancy. B. Insurance claim received on machinery lost by fire. C. Lumpsum received on sale of shares D. Goods sold for cash Patent rights.