Accounting for IGCSE & O level - Accounting Procedures (Section 8 - No. 6)
When is a capital receipt recorded?
When the business sells goods or services.
When the owner invests money in the business.
When the business pays its expenses.
When the business borrows money.
Explanation
A capital receipt is recorded when the owner invests money or the business receives money, usually in the form of loans.
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