O-LevelAccountingAccounting principles and policies7707/11 · Oct/Nov 2019 · Q141 Mark

Would the following be classified as a capital receipt or a revenue receipt? the proceeds received from the sale of the delivery van the profit made on the sale of the delivery van the proceeds of sale of the owner's private car paid into the business bank account

Acapital revenue revenue

Bcapital revenue capital

Crevenue capital revenue

Drevenue capital capital

✓ Correct answer

B: capital revenue capital

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Accounting principles and policies and see which topics are most likely to come up next.

About this question

Topic: Accounting principles and policies, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 1, question 14.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Would the following be classified as a capital receipt or a revenue receipt? the proceeds received from the sale of the delivery van the profit made on the sale of the delivery van the proceeds of sale of the owner's private car paid into the business bank account

✓ Correct answer

Practise more questions on this topic

About this question

Related Accounting questions