Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 39)
Which of the following statements is true about revenue receipts?
They are related to non-current assets.
They are used to reduce the value of non-current assets.
They are related to the ordinary operations of the business.
They will not affect the profit for the year.
Explanation
Revenue receipts come from the ordinary operations
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