Accounting · Revenue and Capital Receipts
Which of the following is NOT an example of a Revenue Receipt?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Income from sales of goods and services as part of the company's normal operations.
- 2Interest income earned from business operations.
- 3Proceeds from the sale of a long-term asset like machinery.✓
- 4Rental income earned from leasing property owned by the company.
Correct answer
Proceeds from the sale of a long-term asset like machinery.
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