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All receipts of capital nature are shown in—
Income and Expenditure A/c
Balance Sheet
P. & L. A/c
None of these
All receipts of capital nature are shown in Balance Sheet
Capital Receipts: Capital receipts consist of non-recurring receipts into the business which are shown on the liability side of the balance sheet or as a reduction in the value of assets. Example: Specific purpose donations, Endowment fund etc
By: Subhash Singh ProfileResourcesReport error
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