Multiple choice

Which of the following is a revenue receipt?        

  1. Cash received from the sale of assets.

  2. Loan taken from a bank.

  3. Cash received from the sale of scrap.

  4. Issue of shares/debentures.

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Revenue receipts are the receipts from the operating activities. All others are capital receipts.