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O-LevelAccountingThe fundamentals of accounting7707/12 · May/June 2015 · Q121 Mark

Which transaction is a capital receipt?

Acash received from sale of goods
Binterest received from bank
Cproceeds of sale of equipment
Drent received from tenant

✓ Correct answer

C: proceeds of sale of equipment

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About this question

Topic
The fundamentals of accounting, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2015 Paper 1 Variant 2, question 12.

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