Challenger App

No.1 PSC Learning App

1M+ Downloads
_________ cause either decrease in fixed assets or increase in long term liabilities

ARevenue Receipts

BCapital Receipts

CReserve Receipts

DNone of these

Answer:

B. Capital Receipts


Related Questions:

In accounting an item whose benefit is spread to a number of years is termed as ________
The Reserve Fund is appropriated from
Interest on Drawings is _________ to business.
The source document for preparing final accounts of Co-operatives institutions :
The process of transferring the debit and credit items from a journal to their respective accounts in the ledger is called :