Capital/revenue income Flashcards
1
Q
What is capital income?
A
It is any income arising from the sale of non-current assets
2
Q
What is revenue income?
A
It is sales revenue from providing goods or services and other income
Accounting > Capital/revenue income > Flashcards
What is capital income?
It is any income arising from the sale of non-current assets
What is revenue income?
It is sales revenue from providing goods or services and other income