Question No 06 Chapter No 17 – D.K Goal 11 Class

Question No 06 Chapter No 17

06. State with reasons whether the following receipt would be treated as capital or Revenue:

1. Rs 5,000 received from a customer whose account was previously written off as bad.
2. Rs 20,000 received from sale of old machine.
3. Rs 2,60,000 received from sale of Stock-in-trade.
4. Rs 5,00,000 is contributed by a partner as Capital
5. Took a loan of Rs 10 lac. From Punjab National Bank
6. Received Rs 4 lac as Subsidy from State Government.
7. Received Rs 8 lac as grant from State Government for the construction of quarters fpr the staff.

The solution of Question No 06 Chapter No 17: –

a	Reserve Expenditure
b	Capital Expenditure
c	Reserve Expenditure
d	Capital Expenditure
e	Capital Expenditure
f	Reserve Expenditure
g	Reserve Expenditure

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Also, Check out the solved question of all Chapters: –

D K Goel – New ISC Accountancy -(Class 11 – ICSE)- Solution

• Chapter 1 Evolution of Accounting & Basic Accounting Terms
• Chapter 2 Accounting Equations
• Chapter 3 Meaning and Objectives of Accounting
• Chapter 4 Double Entry System
• Chapter 5 Books of Original Entry – Journal 
• Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
• Chapter 7 Books of Original Entry – Cash Book (Coming soon)
• Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
• Chapter 9 Ledger (Coming soon)
• Chapter 10 Trial Balance and Errors (Coming soon)
• Chapter 11 Bank Reconciliation Statement (Coming soon)
• Chapter 12 Depreciation (Coming soon)
• Chapter 13 Bills of Exchange (Coming soon)
• Chapter 14 Generally Accepted Accounting Principles(GAAP) 
• Chapter 15 Bases of Accounting
• Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
• Chapter 17 Capital and Revenue 
• Chapter 18 Provisions and Reserves 
• Chapter 19 Final Accounts (Coming soon)
• Chapter 20 Final Accounts – With Adjustments (Coming soon)
• Chapter 21 Errors and their Rectification (Coming soon)
• Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
• Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
• Chapter 24 Computerised Accounting System (Coming soon)
• Chapter 25 Introduction to Accounting Information System (Coming soon)

Check out the Accountancy Class +1 by D.K. Goal (Arya Publication) from their official Site.