Question No 06 Chapter No 17

Question No 06 Chapter No 17

06. State with reasons whether the following receipt would be treated as capital or Revenue:

  1. Rs 5,000 received from a customer whose account was previously written off as bad.
  2. Rs 20,000 received from sale of old machine.
  3. Rs 2,60,000 received from sale of Stock-in-trade.
  4. Rs 5,00,000 is contributed by a partner as Capital
  5. Took a loan of Rs 10 lac. From Punjab National Bank
  6. Received Rs 4 lac as Subsidy from State Government.
  7. Received Rs 8 lac as grant from State Government for the construction of quarters fpr the staff.

The solution of Question No 06 Chapter No 17: –

aReserve Expenditure
bCapital Expenditure
cReserve Expenditure
dCapital Expenditure
eCapital Expenditure
fReserve Expenditure
gReserve Expenditure

The provision in accounting: Types and Treatment

Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.

ISC Accounts 11 20 Image min 197x300 - Question No 06 Chapter No 17 - D.K Goal 11 Class
D K Goel accountancy +1 – ISC_Accounts_11_20_ImageQuestion No 42 Chapter No 11 – D.K Goal 11 Class

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