O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2017 · Q121 Mark
Which are examples of capital receipts? 1 a loan received from a bank, repayable in three years' time 2 a profit made on the sale of a non-current asset 3 cash received from the sale of a non-current asset at book value 4 rent received from letting part of the business premises to a tenant
A1 and 3
B1 and 4
C2 and 3
D2 and 4
✓ Correct answer
A: 1 and 3
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