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A-LevelAccountingThe accounting cycle9706/12 · May/June 2020 · Q21 Mark

Which item is capital income?

Abank interest received
Bproceeds from sale of business premises
Crental income from property
Dsale of inventory to a customer

✓ Correct answer

B: proceeds from sale of business premises

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About this question

Topic
The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, May/June 2020 Paper 1 Variant 2, question 2.

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