Question 16 of 18
Q.Interest on bank deposits is
(a) Capital receipt
(b) Revenue receipt
(c) Capital expenditures
(d) Revenue expenditures
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2026MCQ· 1mImportance★★★★★
89% · 16/18 Questions
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Start your 14-day free trial to unlock the full solution →Interest on bank deposits is a revenue receipt — option (b).
Distinguishing capital and revenue receipts
- A capital receipt arises from a non-recurring source — sale of a fixed asset, capital introduced, or a loan taken. It affects the balance sheet.
- A revenue receipt arises in the normal, recurring course of business — income such as sales, commission, rent received, and interest received. …
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