C2 Types of income Flashcards
1
Q
what is capital income?
A
long term sources of income used to fund the purchase of non current assets
2
Q
what is revenue income?
A
income that comes into a business from its trading activities
3
Q
types of capital income
A
shares
owner’s capital
debentures
4
Q
types of revenue income
A
cash sales credit sales rent received comission received interest received discount received
