Q.Answer the following question in only 'one' sentence:
Which receipts are called as capital receipts?

The credit side of the Receipts and Payments Account shows cash payments.

The Receipts and Payments Account is a real account and is a summarised form of the cash book of a not-for-profit concern. It records all cash and bank transactions of the year, whether they relate to the current, previous or next year, and whether they are of a revenue or capital nature.

…

Receipts and Payments account = summarised cash book → real account. Option (d).

The Receipts and Payments account prepared by a not-for-profit organisation is a summary of the cash book for the year, showing all receipts on the debit side and all payments on the credit side (both capital and revenue, and of all periods).

• Because it deals with cash and bank, which are assets, it follows the rule for real accounts — "debit what comes in, credit what goes out." …

The blank is Revenue Receipts.

Receipts are classified as capital or revenue. Revenue receipts are those which recur regularly and arise from the normal operating activities of a concern — for example, subscriptions, interest received, rent received. They are credited to the Income and Expenditure Account. Capital receipts, in contrast, are non-recu …

Capital receipts are non-recurring receipts that are not treated as income; they are shown in the balance sheet, not in the Income and Expenditure Account.

…