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Classify the following receipts into capital and revenue ?

1. Sale proceeds of goods Rs. 75,000.

2. Loan borrowed form bank Rs. 2,50,000.

3. Sale of investment Rs.1,20,000. 

4. Commission received Rs. 30,000. 

5. Rs. 1,400 wages paid in connection with the erection of new machinery.

1 Answer

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Best answer

1. Revenue 

2. Capital 

3. Capital 

4. Revenue 

5. Capital

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